Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
[Aug 10 6:36 PM] The assets in question were evidently given to Tether as collateral.
5 / 16 Relevant items tagged with #USDT
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Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino
[Aug 9 11:30 PM] The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others…
Institutional Investor Sends $445 Million USDT To Exchanges, What Are They Buying?
[Aug 9 2:00 PM] Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this…
Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound
[Aug 9 1:30 PM] With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone…
Tether to double its workforce to 200 by mid-2025: Report
[Aug 9 5:53 AM] The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.
Cumberland buys the dip? Trading firm deposits $95M to exchanges
[Aug 7 10:51 AM] Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023.
Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
[Aug 1 4:30 AM] On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As…
Stablecoin growth soars as crypto global mass adoption ramps up
[Jul 31 9:05 PM] Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.
Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's
[Jul 31 6:26 PM] The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
Tether Posts $5.2 Billion Profit in First Half of 2024
[Jul 31 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…
Tether dominates with $113B post-SVB collapse — IntoTheBlock
[Jul 30 12:51 PM] Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard.
Cantor Fitzgerald Announces New Venture to Provide Leverage to Bitcoin Investors
[Jul 29 11:30 AM] Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The…
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
[Jul 27 8:05 AM] Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible…
Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth
[Jul 25 6:20 AM] The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by…
Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch
[Jul 23 12:35 PM] Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to…
Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets
[Jul 20 8:30 AM] The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million…
Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why
[Jul 20 6:00 AM] The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally…
Oracle exploit drains $7.6 million from Rho Markets liquidity protocol
[Jul 19 7:00 AM] Rho Markets has already paused its platform in response to the security breach.
Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
[Jul 17 11:15 AM] While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days…
Issuance of TRON-Based USDT Exceeds $60 Billion
[Jul 17 7:09 AM] In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single…
Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding
[Jul 16 10:20 PM] On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of…
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
[Jul 16 5:20 AM] A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay…
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit
[Jul 16 2:25 AM] Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This…
Bitget reports $700M capital inflow in Q2, adds 2.9M users
[Jul 11 5:35 AM] The exchange reported that its BTC, USDT and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.
Crypto adoption in Argentina soars amid 276% inflation spike
[Jul 9 6:28 AM] Argentina has emerged as the top market by numbers of visitors on Binance, one of the world’s largest crypto exchanges.
Wallet on Telegram Extends 50% APY for USDT Promotion
[Jul 5 2:15 AM] Wallet on Telegram, a third-party integrated mini wallet app for Telegram messenger, has recently sent a message to its users announcing an extension of its promotion that allows users to deposit Tether’s USDT and receive a 50% APY during…
Opera’s Minipay Expands Stablecoin Support: Adds USDC and USDT to Its Digital Wallet
Opera Mini’s crypto wallet MiniPay now offers USDT and USDC
[Jul 4 12:14 AM] Since launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.
Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
[Jul 3 2:55 AM] Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of…
TON blockchain integration enhances digital asset security
[Jul 2 9:00 PM] Cobo expands its digital asset custody solutions by integrating the TON blockchain, enhancing security and flexibility for institutional clients.