Tagged: paolo ardoino

Stablecoin Issuer Tether Announces Investment in Oobit, a Mobile Payment App

Tether, which claims to be the largest company in the cryptocurrency industry, has announced its investment in Oobit, a mobile payment application. The Series A investment round has concluded “with $25 million raised for Oobit’s ongoing development, supporting its goal of mainstream cryptocurrency adoption.” This… Read More

Tether Attestation: Reports $2.85B in Profit, Sets “Records” in Reserves of Cash, Cash Equivalent Backing Token in Circulation

Tether Holdings Limited (BVI) released its assurance opinion for the fourth quarter of 2023, conducted by BDO, an independent auditing firm. This attestation reportedly reaffirms “the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held by the Group… Read More

Insiders Comment on the SEC’s Approval of Bitcoin ETFs

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More

Stablecoin Issuer Tether Invests in Academy of Digital Industries, a Georgia-based Education Platform

Following recent initiatives to promote blockchain innovation in Georgia, Tether announced that it has invested an undisclosed amount into the Series-A investment round of Academy of Digital Industries, a Georgia-based progressive education platform “offering an extensive range of digital training and masterclasses.” This collaboration marks… Read More

Tether has Made Public its Letters to Members of U.S. Senate Committee on Banking, Housing, and Urban Affairs, and U.S. House Financial Services Committee

Tether, which claims to be the largest company in the cryptocurrency industry, has made public its recent letters to the members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. Last October, a letter authored by… Read More

Tether Announces Initiative to Support Stablecoin Education in Thailand

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More

Tether Says it Supports El Salvador in its Visa Program

Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country. The program is… Read More

Tether Assists US DOJ, Secret Service in Criminal Investigations, Victim Recovery

Tether, which claims to be one of the largest companies in the cryptocurrency industry, says that it continues its unwavering commitment “to combat illicit activities and provide support to victims through its assistance to, and support of, law enforcement agencies.” As the U.S. Department of… Read More

Following Investigations by Tether, OKX, US DoJ, $225M in “Stolen” USDT Now Frozen, Funds “Linked” to Crime Syndicate

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

Tether Freezes 32 Crypto Addresses Reportedly Linked to Terrorism, Warfare in Israel, Ukraine

Tether, the largest stablecoin company in the world, reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare. To date, Tether has “aided 31 agencies worldwide with investigations across 19 jurisdictions, freezing a total of $835… Read More

Longtime CTO and Tether Spokesperson Paolo Ardoino Steps Into CEO Role

Leading stablecoin issuer Tether will soon have a new Chief Executive Officer. Announced today, Paolo Ardoino will replace Jean-Louis van der Velde (JL) as CEO. Ardoino will take over beginning this December. van der Velde will remain CEO of the crypto exchange Bitfinex – a… Read More

Top Stablecoin Tether is Nine Years Old

Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain. Today, Tether’s nearest competitor is a third of… Read More

Tether Invests in Northern Data Group, Set to Become Established AI Provider in Europe

Tether, the company behind the leading stablecoin USDT, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach “beyond fintech, following recent investments in energy production, bitcoin… Read More

Tether Testing Bitcoin Mining – Moria

Tether CTO Paolo Ardoino says they are currently testing Bitcoin mining. Revealed in a Tweet, the Bitcoin Mining Platform Moria, is said to “facilitate seamless communication among components within the BTC mining ecosystem, enabling interactions through efficient, secure, and resilient methods that are resistant to… Read More

Bitfinex and Tether CTO Paolo Ardoino to Testify in Alleged Crypto Market Manipulation Lawsuit

Bitfinex and Tether Chief Technical Officer Paolo Ardoino will be deposed as part of a class-action lawsuit against both firms and their related executives. This past Monday, a New York judge reportedly made the decision to deny Ardoino’s request to further delay his deposition until… Read More

Tether Reports Legal Win in Challenge to USDT’s Reserves

Tether, the issuer of the world’s most popular stablecoin – USDT, has posted that it has won a legal victory in the US District Court for the Southern District of New York. The case stems from a complaint filed all the way back in 2021…. Read More

Tether Claims Excess Reserves Topping $3.3 Billion

Tether has issued a report that claims over $3.3 billion in excess reserves after an increase of $850 million at the end of Q2 2023. Tether states that the assurance opinion was completed by BDO, which re-affirms Tether’s Consolidated Reserves Report (CRR), which breaks down… Read More

Euro Tether and Tether Gold to Trade on XT.com

Tether says its Euro based stablecoin Euro Tether (EUR₮) and Tether Gold (XAU₮) will soon trade on XT.com. XT.COM Exchange is described as a “social-infused cryptocurrency exchange.” XT.COM reports over 6 million registered users, including more than 500,000 monthly active users. Over 800 different cryptocurrencies… Read More

Bitfinex to Provide Peer to Peer Services in Argentina, Colombia and Venezuela

Bitfinex has launched peer-to-peer (P2P) services in Argentina, Colombia and Venezuela. The service will allow customers to buy and sell crypto directly to individuals while completing the payment process outside the platform. Bitfinex P2P will offer services for Bitcoin, Tether – USDt and EURt, Tether… Read More

BTC Adoption in LatAm: Stablecoin Issuer Tether Participates in $1B Investment to Build Bitcoin Mining Farm in El Salvador

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

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