Tagged: tether

November 24, 2023 @ 10:54 am By JD Alois  |  

Tether and Bitfinex say they no longer oppose the  New York Freedom of Information Law (FOIL). The announcement was made this morning as Tether/Bitfinex say the move is to highlight their support of transparency in the digital asset sector. Tether is the top dollar-based stablecoin… Read More

November 21, 2023 @ 9:04 am By Omar Faridi  |  

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

October 26, 2023 @ 5:00 pm By JD Alois  |  

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

October 17, 2023 @ 8:42 am By Omar Faridi  |  

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

October 13, 2023 @ 5:44 pm By JD Alois  |  

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

October 6, 2023 @ 10:30 am By JD Alois  |  

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

September 22, 2023 @ 6:20 am By Omar Faridi  |  

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

September 18, 2023 @ 12:11 pm By JD Alois  |  

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

September 12, 2023 @ 6:47 pm By Omar Faridi  |  

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

September 12, 2023 @ 7:57 am By Omar Faridi  |  

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

August 31, 2023 @ 6:39 pm By Michael Wong  |  

Bybit, a marketplace that claims to be “the world’s third most visited crypto exchange” (currently, Kraken is #3 with Bybit in 5th), has announced a revamped version of its launchpad, offering early investors the opportunity to purchase new projects at favorable prices. The Bybit Launchpad… Read More

August 25, 2023 @ 9:57 am By JD Alois  |  

Earlier this month, PayPal (NASDAQ:PYPL), a top publicly traded Fintech, announced the launch of a dollar-based stablecoin PayPal USD or PYUSD. The stablecoin is being issued in partnership with Paxos, a top, regulated digital asset firm. Stablecoins are one of the most promising sectors of crypto…. Read More

August 8, 2023 @ 8:51 am By Omar Faridi  |  

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

August 4, 2023 @ 5:34 pm By JD Alois  |  

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

July 31, 2023 @ 11:08 am By JD Alois  |  

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

July 5, 2023 @ 11:12 am By JD Alois  |  

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

June 6, 2023 @ 2:57 pm By Omar Faridi  |  

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

June 4, 2023 @ 7:58 pm By Omar Faridi  |  

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.” Paolo Ardoino, CTO of Tether, stated: “Today’s numbers demonstrate that people want access… Read More

May 21, 2023 @ 9:19 am By Omar Faridi  |  

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced a collaboration with KriptonMarket, an on/off ramp solution, in order “to give users in Argentina access to stablecoins at the Central Market of Buenos Aires, one of… Read More

May 18, 2023 @ 8:08 am By JD Alois  |  

Top dollar based stablecoin issuer Tether says it will take its operating profits and purchase Bitcoin. Tether said that it first manages reserves but the purchase of Bitcoin, the worlds most popular crypto, will further strengthen reserves. The purchases of Bitcoin will commence this month… Read More