Tether Will Freeze Wallets Evading Venezuelan Sanctions
[Apr 24 12:31 AM] Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
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Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
[Apr 23 1:19 PM] PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started…
Venezuela Looks to Tether to Bypass Sanctions: Reuters
[Apr 22 10:54 PM] Venezuela's state-run oil company started experimenting with Tether in 2023.
Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users
[Apr 21 9:18 PM] Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto…
Tether Officially Reorganizes, Announces Four Different Business Divisions
[Apr 19 4:27 PM] Tether, one of the largest companies in the cryptocurrency industry, has announced a reorganization of its business operations, seeking to restructure to support its expansion. Tether will now have four business divisions: Tether Data, focused on…
Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge?
[Apr 19 11:00 AM] The winds of change are swirling around Ethereum (ETH), the world’s second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching…
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
[Apr 18 12:44 PM] Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).
Celo Adds Tether’s USDT as Gas Currency
[Apr 9 8:28 PM] Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for…
Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?
[Apr 4 2:30 PM] While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit
[Apr 2 7:27 PM] Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion…
Tether Amplifies Bitcoin Holdings With Strategic 8,888.88 BTC Addition
[Apr 1 11:29 AM] Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin…
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
[Mar 30 11:40 PM] Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in…
Bitwise CEO Predicts $11 Billion Drop In Bitcoin Supply Post Halving
[Mar 30 2:04 AM] Over the last week, Bitcoin (BTC) investors enjoyed much profit as the crypto asset gained 9.34% to trade above $71,000 based on data from CoinMarketCap. Currently, most of the BTC market is highly expectant of the potential large price gains that…
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
[Mar 28 7:34 PM] Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other…
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
[Mar 24 2:00 PM] According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their…
Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet
[Mar 14 5:10 PM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of…
Tether Launches USDT on Celo Targeting Increased Usability
[Mar 12 7:05 AM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on…
Tether's USDT To Launch on Celo
[Mar 11 7:00 AM] The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.
FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
[Mar 8 8:30 AM] Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in…
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
[Mar 5 8:30 AM] As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From…
Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
[Mar 4 11:13 AM] USDT, a stablecoin issued by Tether, hit the $100 billion market value for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded.
Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article
[Mar 1 4:38 PM] Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of "committing fraud, laundering money, and financing terrorists," according to the lawsuit.
Global BTC Trading App Strike Launches ‘First Fully-Featured Region Outside the US’
Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin Sector
Strike CEO Jack Mallers Announces Expansion of Services into Africa
[Feb 27 12:47 PM] Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike's suite of Bitcoin services into several African markets.I just published Announcing Strike AfricaToday, we are launching Strike Africa, expanding our full suite of…
Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions
Former NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate
[Feb 20 6:00 PM] Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of…
Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
[Feb 20 7:30 AM] Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day…