22 / 23 Relevant items tagged with #tether

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Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project

[Dec 16, 2022 12:30 PM] Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last…

Tether to reduce secured loans to zero in 2023 amid battle against FUD

[Dec 13, 2022 10:38 PM] The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.

Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’

[Dec 11, 2022 12:30 PM] According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up…

SBF tried to destabilize crypto market to save FTX: Report

[Dec 10, 2022 2:59 PM] Trades made by Alameda Research were reportedly focusing on depeg Tether's stablecoin.

Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’

[Dec 9, 2022 12:30 PM] Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s…

Coinbase takes a shot at Tether, encourages users to switch to USDC

[Dec 9, 2022 4:04 AM] Coinbase’s request comes just a couple of months after Binance ceased support for USDC.

Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months

[Dec 7, 2022 9:00 AM] Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of…

Brazilian Companies Break Crypto Purchasing Records Again in October

[Dec 5, 2022 3:00 AM] According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during…

How stable are stablecoins in the FTX crypto market contagion?

[Nov 29, 2022 8:23 AM] The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…

A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

[Nov 27, 2022 11:00 AM] At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day stats indicate the price of bitcoin has dropped…

Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol

[Nov 23, 2022 1:00 PM] The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each…

Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities

[Nov 23, 2022 1:00 PM] Rising from the ashes of old crypto exchanges, a new paradigm arises.

Tether vs. USD Coin on-chain data reveals two very different stablecoins

[Nov 23, 2022 9:28 AM] The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says

[Nov 22, 2022 6:21 AM] Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow.

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

[Nov 17, 2022 8:08 AM] The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins.

Paolo Ardoino Talks FTX, Adoption And Self-Custody With NewsBTC

[Nov 16, 2022 5:03 PM] What happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days over the past week. FTX, the former second-largest exchange in the world, crumbled…

Paolo Ardoino Talks FTX, Adoption And Self-Custody With NewsBTC

[Nov 16, 2022 5:03 PM] What happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days over the past week. FTX, the former second-largest exchange in the world, crumbled…

Ethereum price weakens near key support, but traders are afraid to open short positions

[Nov 16, 2022 11:59 AM] ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.

US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins

[Nov 14, 2022 1:30 PM] According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction…

Tether blacklists $31.4M USDT following FTX's alleged hack, Musk reacts

[Nov 12, 2022 2:18 AM] Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time.

FTX funds on the move: bankruptcy proceedings, insider threat or a hack?

[Nov 11, 2022 11:30 PM] The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours.

Traders take a neutral position after Ethereum futures contracts see massive liquidations

[Nov 11, 2022 6:00 AM] ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.

Tether CTO confirms no plans to rescue FTX

[Nov 10, 2022 11:08 PM] FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.

Major stablecoins destabilized as market volatility and redemptions surge

[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.

82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

[Nov 10, 2022 2:30 PM] The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.

Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

[Nov 10, 2022 12:30 PM] On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder…

Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens

[Nov 10, 2022 10:00 AM] Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the…

Report: Tether freezes $46M of FTX's USDT on Tron blockchain, setting new precedent

[Nov 10, 2022 9:19 AM] Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles – What’s Going On?

[Nov 10, 2022 7:18 AM] The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like to admit. Moreover, there currently seems…