Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules
[Apr 12, 2023 9:55 AM] The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame.
13 / 15 Relevant items tagged with #USDt
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Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg
[Apr 4, 2023 2:11 PM] Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank.
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
[Apr 4, 2023 8:00 AM] On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and…
Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains
[Apr 3, 2023 10:30 AM] On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce…
USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why
[Apr 2, 2023 8:02 AM] USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its…
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
[Mar 30, 2023 5:13 PM] USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
Over $18 Billion USDT Held In Binance, Bull Run Incoming?
[Mar 30, 2023 2:30 AM] Nansen data on March 30 shows that over $18 billion of USDT is held on Binance, the world’s largest cryptocurrency exchange by user count and trading volumes. Binance Holding Over $18 Billion Of USDT At this pace, USDT constitutes the biggest share…
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
[Mar 29, 2023 3:44 PM] Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.
Binance's Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading
[Mar 27, 2023 10:53 AM] Zero-fee trade volume accounted for 66% of Binance’s trading volume in mid March prior to the decision to eliminate the zero-fee promotion.
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…
In-Chat Tether Transfers Introduced in Telegram
[Mar 25, 2023 4:30 AM] Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app…
How Crypto Ended Up at the Center of a Potential $20 Billion Internal Corruption Scandal in Venezuela — Bitcoin Mining Shutdown Results
[Mar 24, 2023 5:30 AM] The establishment of sanctions by the Trump administration towards PDVSA, the state oil company in Venezuela, reportedly forced the hand of the government in the country to find alternative means of payment for crude oil. According to reports, more…
Quant Points Out Curious Relationship Between USDT Inflows & Bitcoin Price
[Mar 22, 2023 2:38 PM] A quant has explained using on-chain data that an interesting relationship may exist between the USDT exchange inflows and Bitcoin price. USDT Derivative Exchange Inflows May Be Influencing Bitcoin Price As pointed out by an analyst in a…
Telegram Users Can Now Transfer USDT Through Chats
[Mar 22, 2023 9:00 AM] USDT has been added to Telegram's @wallet bot, expanding the messaging app's facility for buying and selling crypto.
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
[Mar 19, 2023 1:30 PM] Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the…
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
[Mar 18, 2023 11:30 PM] General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based…
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…
Tether: How Its $2 Billion USDT Minting Impacts Ethereum’s Success In The Bull Market
[Mar 15, 2023 1:28 PM] Despite recent negative developments in the crypto market, the sentiment seemed to be somehow bullish as Tether, its stablecoin and some major cryptos show resilience in the past couple of days. The collapse of major banks has significantly…
Circle ‘able to access’ $3.3B of USDC reserves at Silicon Valley Bank, CEO says
[Mar 14, 2023 8:02 PM] Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
[Mar 6, 2023 8:30 AM] It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten…
Brazilian Tax Authority Numbers Reveal Cryptocurrency Market Recovery in January
[Mar 6, 2023 12:30 AM] Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume…
Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
[Mar 5, 2023 9:45 PM] Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions
[Feb 27, 2023 3:00 AM] Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its…
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
[Feb 25, 2023 1:00 PM] After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market…
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
[Feb 21, 2023 3:30 PM] Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from…
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
[Feb 19, 2023 5:30 PM] Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the…
Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD
[Feb 16, 2023 8:22 PM] Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
[Feb 16, 2023 4:10 AM] Tether’s USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin.
Binance’s BUSD Reserves Steady At $13 Billion, Represents 18% Of All Assets
[Feb 14, 2023 3:15 AM] BUSD, a stablecoin issued by Paxos, a blockchain infrastructure platform in New York, is still one of the most dominant assets on Binance, the world’s largest cryptocurrency exchange by client count and trading volume. BUSD Remains Dominant…