21 / 23 Relevant items tagged with #tether
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Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
[Feb 17, 2023 2:30 AM] PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the…
BIS-funded regulator to probe DeFi entry points like stablecoins
[Feb 16, 2023 5:49 AM] Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated.
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.
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
[Feb 14, 2023 8:00 AM] While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top…
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…
Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report
[Feb 10, 2023 3:15 PM] The USDT issuer has made inroads into the traditional finance and accounting sectors as it attempts to increase transparency around its holdings.
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
[Feb 10, 2023 9:00 AM] It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S…
Tether assets exceed liabilities in new reserves report by BDO
[Feb 9, 2023 5:49 AM] As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.
Only 4 people controlled Tether Holdings as of 2018: Report
[Feb 2, 2023 4:03 PM] New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure.
Tether CTO Paolo Ardoino on taking the bull by the horn
[Feb 2, 2023 7:51 AM] Stablecoins may have suffered an identity crisis in 2022, but Tether CTO Paolo Ardoino is bullish about the utility the sector provides.
Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry
[Feb 1, 2023 3:30 PM] BTC bulls are positioned to win this week’s $1 billion options expiry, but the market's post-FOMC reaction could alter their plans.
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High
[Feb 1, 2023 1:00 PM] On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT…
Tether CTO denies borrowing from bankrupt lender Celsius
[Feb 1, 2023 5:07 AM] Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo or a “mis-characterization,” Tether CTO stated.
Stablecoin Economy Sheds Another $3 Billion in 44 Days
[Jan 28, 2023 3:00 PM] The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd…
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
[Jan 26, 2023 2:18 PM] Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
Tether moves to combat child abuse content marketplaces
[Jan 26, 2023 7:34 AM] Tether is set to collaborate with anti-child-abuse network INHOPE to help the industry combat child abuse material marketplaces.
Algorithmic stablecoin market share dropped by 10x from ATH: Report
[Jan 26, 2023 4:53 AM] The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most.
Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%
[Jan 21, 2023 12:30 PM] On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise…
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
[Jan 16, 2023 4:30 AM] A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would…
Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility
Crypto.com delists USDT for Canadian users following OSC ban
[Jan 10, 2023 3:30 PM] Registered cryptocurrency exchanges in Ontario, Canada cannot list USDT due to regulatory prohibition.
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…
Doubts mount over Huobi’s future as harsh layoff rumors denied
[Jan 5, 2023 11:56 PM] Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange.
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
[Jan 1, 2022 10:00 AM] According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier…
Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers
[Dec 31, 2022 7:07 AM] 2022 was an eventful year for the crypto world but not everyone came on top of it, we look at some of the biggest winners and losers from 2022.
What is USD Coin (USDC), fiat-backed stablecoin explained
[Dec 30, 2022 8:56 AM] USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market.
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
[Dec 26, 2022 5:25 AM] None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.
Exchange Inflows, Outflows At A Stalemate As Bitcoin Refuses To Budge
[Dec 22, 2022 11:00 AM] Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and…