1 / 2 Relevant items tagged with #TetherUSDT
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TRM Labs: Tron Saw Largest Illicit Volume Reduction in 2024
[Jan 17 11:30 AM] TRM Labs highlighted that Tron experienced the largest decline in volumes linked to illicit activity during 2024, with a reduction of $6 billion, almost halving the numbers registered in 2023. It stated that this is in part thanks to the actions of…
Tether Relocating to El Salvador After Receiving Stablecoin Issuer License
[Jan 14 8:30 AM] Tether, the company behind USDT, has announced its imminent relocation to El Salvador after receiving a stablecoin issuer license. Paolo Ardoino, CEO of Tether, described this move as a natural progression that will allow the company to strengthen…
Tether Estimates Net Profits for 2024 to Exceed $10 Billion
[Dec 23, 2024 8:30 PM] Tether is on track to end 2024 with over $10 billion in net profits with the company investing more than half of it this year. $10 Billion Net Profit for Tether in 2024 Tether, the largest stablecoin issuer in the world, is expected to end the year…
Tether’s USDT approved as accepted virtual asset in Abu Dhabi
[Dec 10, 2024 2:21 PM] Abu Dhabi Global Market regulators have approved Tether’s USDT as an accepted virtual asset, opening the door to USDT financial services.
Tether to Perform $2 Billion USDT Chain Swap to Ethereum
[Nov 7, 2024 4:10 PM] Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a…
CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin
[Nov 2, 2024 7:30 AM] On Thursday, Tether (USDT), the world’s largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC). Total Tether Assets Reach…
Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’
[Oct 25, 2024 8:26 PM] In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly…
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime
[Sep 10, 2024 3:40 PM] Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to…
Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit
[Aug 1, 2024 6:00 AM] Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per…
Tether Posts $5.2 Billion Profit in First Half of 2024
[Jul 31, 2024 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…
Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom
[Jul 18, 2024 9:30 AM] Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to…
Elliptic exposes $11B scam network via Huione Guarantee
[Jul 10, 2024 3:39 AM] Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.
Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details
[Jun 17, 2024 9:00 PM] Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company’s Alloy by Tether platform. By leveraging…
Feds bust $73M crypto scam, arrest two masterminds
[May 18, 2024 3:52 AM] The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.
Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency
[May 9, 2024 9:10 PM] Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions…
USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks
[May 3, 2024 11:16 AM] Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as…
Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1
[May 1, 2024 3:00 PM] Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. …
Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports
[Apr 27, 2024 5:20 PM] Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims…
Tether Expands to TON Blockchain With $60M USDT Launch
[Apr 21, 2024 10:56 PM] Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration…
Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network
[Apr 19, 2024 10:00 AM] Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours. Tether Expands Reach To 15…
Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
[Apr 18, 2024 7:47 PM] Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious…
TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
Stablecoins Join The Crypto Bull Run With $140B Market Cap, Highest Since 2022
[Feb 27, 2024 6:30 PM] February has been an overall notable month for cryptocurrencies and the crypto industry. We’ve seen Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, reach milestones not seen since the crypto winter started. The bull…
Tether Launches Tether Edu, Expands Educational Initiatives in Emerging Markets
[Feb 6, 2024 3:00 AM] Tether, the largest stablecoin company, has announced the launch of Tether Edu, an initiative that will concentrate all of the global educational and learning programs of the institution. Tether Edu will focus on emerging markets, offering courses…
JPMorgan Warns of Increased Risk for Crypto Market Due to Tether’s ‘Lack of Regulatory Compliance and Transparency’
Expert Analysis: Bitcoin ‘Bottom Is Not In’, Potential $30K Retest On The Horizon
[Feb 2, 2024 10:00 PM] Bitcoin (BTC), the largest cryptocurrency by market capitalization, closed January above the $40,000 threshold, signaling positive price action. However, market expert Justin Bennett suggests that Bitcoin’s bottom has yet to be reached. …
Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence
[Feb 1, 2024 9:00 AM] The cryptocurrency industry has witnessed a significant change in the movement of stablecoins, offering valuable observations into the evolving dynamics of the market. Recent data from IntoTheBlock and CryptoQuant has shown a surge in stablecoin…
Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model
[Dec 31, 2023 4:30 PM] Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will…