Tether Forges an Alliance With Fuze For Digital Asset Education Program
In an important development for the world of cryptocurrencies, Tether, the world’s largest digital asset issuer, and Fuze, a platform whose infrastructure enables digital asset transactions in the Middle East, have entered into a Memorandum of Understanding (MoU). Through this agreement, the partnership will come into being and they will push for advocacy by educating […]
Tether’s New Non-Custodial Tokenization Platform Set to Transform Digital Economy
Tether (the most recognizable and well-known name in the digital currency) makes a splash after the CEO Paolo Ardoino announced an update. Ardoino announced Tether recently developed a tokenization platform which is non-custodial; easy to use and highly configurable; it will be available to the masses. The platform has support for many blockchain networks and […]
U.S. claims Russia is using Tether to evade sanctions – Uh…
Kicking things off with a no-nonsense alert, the U.S. Treasury’s Wally Adeyemo has sounded the alarm loud and clear. Apparently, Russia’s been getting reeeaaally cozy with the cryptocurrency industry to dodge sanctions. And not just any crypto – I’m talking Tether, the stablecoin that’s as steady as a rock. A personal favorite. This move is […]
US Treasury seeks new powers to curb crypto misuse by nations
The United States Treasury Department is trying to get more potential to prevent the use of cryptocurrency by any groups that are concerned with Iran, Russia, and North Korea for the use of. The deputy secretary, Adewale Adeyemo, had attention during his statement in Senate Hearing on the government’s issues. He stressed the difficulty of […]
Tether’s Bitcoin holdings skyrocket with $618M acquisition
Tether, the issuer of the stablecoin USDT, has bought a lot of BTC to its reserves. The company acquired 8,888 Bitcoins worth $618 million on March 31. This brings Tether’s total Bitcoin holdings to 75,354 bitcoins, with an estimated value of about $5.2 billion, according to on-chain data. The median cost of these Bitcoins to […]
Tether’s Virtual Comprehensive Audit: A New Security Model
Tether Ltd (the company that manufactures Tether, the world’s most popular stablecoin, denominated in USDT), has been able to report a very positive event in its history: after passing the SOC 2 audit, it is now certified. This audit which AICPA with a better understanding of information technology has developed represents the ultimate in compliance […]
Stablecoin giant Tether has increased its Bitcoin portfolio to over 75,000 BTC.
Tether has increased its Bitcoin holding. Having just presented the recent statistics showing that the company has grown its Bitcoin holdings to more than $5 billion due to strategic M&A is a further confirmation of its significant presence in digital assets. Tether’s newest strategy on bitcoin emphasizes the stablecoin’s commitment to supporting its reserves liquidity, […]
Tether collabs with U.S. authorities to recover stolen money
Tether’s recent collaboration with U.S. authorities to recover a whopping $1.4 million from the clutches of cyber criminals isn’t just a headline; it’s a bold statement in the ongoing war against digital theft. This isn’t your average recovery story. It’s a tale of technology meeting law enforcement, a confluence of efforts that underscores the commitment […]
USDT stablecoin is now available on Celo blockchain
Tether, the issuer of the USDT stablecoin, has expanded its reach by launching on the Celo network, a carbon-negative, permissionless platform compatible with the Ethereum Virtual Machine (EVM). According to a recent announcement by Tether seen by Cryptopolitan, this new development aims to facilitate efficient transactions and boost functionality across decentralized applications (dApps) focused on […]
Tether and Uzbekistan Forge Partnership to Revolutionize Blockchain and Telecommunications
In a landmark move for the cryptocurrency sector, Tether, the industry’s behemoth, has inked a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP), the body overseeing the nation’s crypto regulation and development. This strategic alliance will transform Uzbekistan into a pivotal hub for blockchain and peer-to-peer technology, promising […]
How is Tether triggering stablecoin concerns this time?
Tether has recently hit a massive benchmark, amassing a $100 billion circulation, bringing attention to the rapid expansion of the most stablecoins globally. This achievement has sparked a blend of excitement and apprehension with concerns about the potential implications for broader market stability. Michael Hall of Nickel Digital, emphasized Tether’s central role in facilitating seamless […]
Tether overcomes scrutiny to secure $100 billion valuation
Tether’s USDT stablecoin briefly surpassed a market capitalization of $100 billion for the first time, as reported by CoinGecko. This achievement underscores the growing prominence of stablecoins in the digital asset market, particularly against the backdrop of a broader crypto market rally. According to Tether’s official website, despite the total number of USDT tokens being […]
Tether blacklists millions in USDT amidst efforts to combat illicit use
In a significant move aimed at combating illicit activities involving digital assets, Tether, the issuer of the popular stablecoin USDT, has taken action against multiple wallet addresses, collectively holding millions of dollars worth of the cryptocurrency. Tether cracks down on suspicious addresses Blockchain security firm PeckShield reported through a Twitter post on March 5th that […]
Ensuring Uninterrupted Access and Security for Tether (USDT) Holders
Tether (USDT), the world’s preeminent stablecoin, has solidified its position as a fundamental pillar of the digital currency ecosystem, thanks to its unparalleled utility, security, and accessibility. With the digital economy expanding, the company recognizes the indispensable role USDT plays globally, particularly in emerging markets and developing countries where it serves as a critical financial […]
Wall Street Journal sued for defamation over fake news about crypto firms
The Wall Street Journal, the prestigious publication, finds itself in the hot seat, facing a legal battle that has started yet another scandal with the crypto industry. Christopher Harborne, a shareholder of the stablecoin giant Tether, has launched a defamation lawsuit against the media titan. The lawsuit is over a contentious piece the Journal ran […]
Wall Street Journal faces defamation lawsuit for Tether-Bitfinex coverage
Christopher Harborne, owner of the Thailand-based aviation fuel broker AML Global Ltd., has filed a lawsuit against The Wall Street Journal (WSJ), accusing the publication of defamation. The legal action, initiated in a Delaware state court on Feb. 28, targets allegations made in a WSJ article from March 2023, which Harborne claims falsely accused him […]
Tether’s response to the circle’s decision raises questions about future support for Tron
Tether, the largest stablecoin issuer, has responded ambiguously to queries regarding its support for the Tron blockchain following Circle’s recent decision to discontinue USDC minting on the network. Tether’s stance remains uncertain amid safety concerns and regulatory scrutiny, leaving investors and stakeholders in suspense. Tether’s ambiguous response In the wake of Circle’s announcement terminating USDC […]
Bitcoin stalls as Tether treasury mints 1 billion USDT
Tether Treasury has minted an additional 1 billion USDT, as reported by blockchain tracking service Whale Alert. This development occurs at a juncture where Bitcoin, the premier cryptocurrency by market capitalization, exhibits volatility, particularly around the $53,000 resistance level. This level has proven to be a pivotal point for Bitcoin’s price trajectory in recent times. […]
FTX and Alameda sued over Tether profit scheme
FTX Trading Ltd. and its affiliate Alameda Research are at the center of a lawsuit alleging involvement in a complex scheme to generate profits by creating and selling Tether (USDT) stablecoins. The case, filed in a Florida federal court on February 16, accuses the cryptocurrency trading platform and its sister firm of leveraging an unofficial […]
Circle and Coinbase call for stricter oversight of Tether amid allegations
The cryptocurrency industry has seen increased scrutiny from regulatory bodies and competitors, with Tether, a leading stablecoin issuer, finding itself at the center of controversy. As discussions on regulatory compliance and anti-money laundering (AML) efforts intensify, representatives from Coinbase and Circle have highlighted the need for stricter oversight of international digital asset firms, including Tether, […]
Argentina leads Latin America in stablecoin adoption during financial instability
Argentina has emerged as the leading nation in Latin America for the purchase and holding of stablecoins, with a significant preference for Tether (USDT) and Circle’s USD Coin (USDC) over the past six months. Argentine citizens are holding stable coins as a hedge against the country’s ongoing economic instability and the depreciating value of the […]
Tether shakes crypto world with $25M investment in Oobit
Tether just threw a curveball into the cryptocurrency arena with a whopping $25 million investment into Oobit, a burgeoning mobile payment application. This isn’t just any cash infusion; it’s a strategic play by the largest name in the crypto industry, aiming to stretch the boundaries of digital finance into the everyday shopping experiences of millions. […]
Tether unveils educational arm for blockchain skill development
Global stable coin issuer Tether has announced the establishment of Tether Edu, a dedicated educational branch aimed at fostering skills development in blockchain technology and digital fields. The move underscores Tether’s commitment to providing a comprehensive “smart education environment” in collaboration with industry experts. Tether Edu will extend its reach to emerging markets, focusing on […]
Tether Triumphs in Q4: Record Profits and Strategic Growth Define the Quarter
Tether Holdings Limited, the company behind the prominent stablecoin, has announced its Q4 2023 financial results, showcasing remarkable profitability and strategic depth. The detailed attestation, executed by the globally acknowledged audit firm BDO, not only reaffirms the integrity of Tether’s Consolidated Reserves Report (CRR) but also offers a comprehensive overview of the company’s asset portfolio. […]
Tether Treasury initiates massive transfer of USDT tokens to Bitfinex
Tether’s Treasury substantially transferred USDT tokens to the well-known exchange, Bitfinex. The transaction, valued at approximately $229,956,875 at the time of disclosure, involved a staggering 230,000,000 USDT tokens. While not entirely unusual for Tether, this move has drawn considerable attention due to its sheer volume and potential implications for the broader crypto market. Liquidity management […]
Justin Sun challenges UN report on USDT and blockchain
In a recent development, Justin Sun, the founder of the Tron blockchain, has publicly contested the claims made in a United Nations report concerning the misuse of blockchain technology, specifically focusing on the usage of Tether’s USDT. The UN report had raised significant concerns over the role of USDT in money laundering and scams, particularly […]
Tether details its objections to the UNODC study
Tether, the issuer of the widely-used stablecoin USDT, has raised objections to a study conducted by the United Nations Office on Drugs and Crime (UNODC), which specifically highlighted the stablecoin’s alleged involvement in illicit activities. Tether contends that the UNODC report fails to acknowledge its crucial role in supporting developing economies in emerging markets. Tether […]
Tether disputes UN claims on USDT misuse in strong response
Tether, the prominent cryptocurrency platform, has publicly refuted recent allegations by the United Nations (UN) concerning the misuse of its stablecoin, USDT. The UN’s report had implicated USDT in a range of illicit activities, notably money laundering and the “pig butchering” scams prevalent in Southeast Asia. Tether’s rebuttal, issued on January 16, centers on its […]
Tether emerges as a tool in Southeast Asia money laundering
In a recent development that has stirred concerns within the global financial community, the United Nations Office on Drugs and Crime (UNODC) has released a report underlining the increasing use of Tether, a leading cryptocurrency platform, in illicit financial activities across Southeast Asia. The report sheds light on the growing prevalence of sophisticated financial crimes, […]
Tether’s USDT stablecoin under scrutiny for money laundering and scams in Southeast Asia
The United Nations (UN) has warned about the increasing use of Tether’s USDT stablecoin for money laundering and scams in Southeast Asia. In a report, the UN expressed concerns about the prominent role that USDT has played in illegal activities, particularly in the region. According to the UN report, online gambling platforms, especially those operating […]
USDT’s market cap hits record $93 billion as Tether mints more
Tether, the issuer of the USDT stablecoin, has recently minted an additional one billion tokens on the Ethereum blockchain. This significant increase in supply has pushed the USDT’s market capitalization to an unprecedented $93 billion. Market impact and growth drivers Tether’s recent action is not just a noteworthy event for the company but marks a […]
Tether’s dominance prevails: US-based stablecoins face turbulence in 2023
In the ever-evolving world of cryptocurrencies, 2023 has proven to be a year of profound transformation and challenges for the stablecoin ecosystem. The sector has grappled with significant disruptions, including the collapse of major players such as FTX, Alameda Research, BlockFi, Voyager, Celsius, Babel Finance, and Three Arrows Capital. Legal actions against prominent figures, including […]
Tether Treasury generates additional 1B USDT Tokens for inventory replenish on Ethereum
In a recent development on the Ethereum network, the Tether Treasury has executed a transaction resulting in the generation of an additional 1 billion USDT tokens. This move has significantly expanded the existing supply of Tether’s stablecoin, prompting curiosity and interest within the crypto community. The recent token generation event was confirmed by a blockchain […]
Tether treasury boosts crypto market with 1 billion USDT mint
Tether Treasury has minted an additional 1 billion USDT, as reported by Whale Alert, a blockchain tracker and analytics system. This transaction, executed on the Ethereum network, substantially increases Tether’s circulating supply. Tether, a staple in the digital currency market, is known for its role in providing liquidity and stability. Paolo Ardoino, the CEO of […]
The Academy of Digital Industries and Tether Invest in the Future of Digital Education
Tether Operations Limited (Tether), the company behind the first and most widely used stablecoin, USDt, has announced a strategic investment into the Academy of Digital Industries. The investment, made during the Series-A funding round of the Georgia-based education platform, marks a new chapter in Tether’s commitment to advancing digital knowledge and skills. The academy of […]
Tether takes an unconventional approach with US market regulators
Tether, the corporation behind the Tether stablecoin, published letters to US politicians addressing calls for involvement by the Department of Justice (DOJ) with respect to the criminal usage of its stablecoin. On November 16 and December 15, letters were made to United States Senate Committee on Banking, Housing, and Urban Affairs members and the United […]
Tether freezes wallet after Ledger ConnectKit hack incident
In a significant development within the cryptocurrency sector, Tether, the organisation behind the prominent USDT stablecoin, has taken decisive action against a cyberattacker. This response came after the attacker exploited a vulnerability in the Ledger ConnectKit library, leading to substantial fund drainage from various decentralized finance (DeFi) protocols. Tether’s Chief Technology Officer, Paolo Ardoino, announced […]
Cantor Fitzgerald CEO reveals admiration for Bitcoin and Tether
Cantor Fitzgerald CEO Howard Lutnick recently expressed his admiration for Tether, the stablecoin issuer, in a CNBC interview. Lutnick, describing himself as a “big fan” of Tether, disclosed that he holds the company’s treasuries, which currently amount to over $90 billion. In a departure from the trend of major Wall Street firms shying away from […]
Tether tumbles in S&P’s stablecoin scorecard
S&P Global, a renowned credit rating firm, has ventured into the volatile terrain of cryptocurrencies by launching a risk assessment scale for the world’s top stablecoins. Notably, Tether, a name synonymous with the stablecoin market, received a near-bottom ranking, a surprising twist given its widespread use and prominence in the digital currency sphere. Assessing the […]
Tether announces new wallet-freezing policy to boost security—what you need to know
Tether, the company responsible for the largest stablecoin in the cryptocurrency market, has taken a proactive step in its security measures by announcing a new wallet-freezing policy today. This initiative, decided on December 1, 2023, aligns with the U.S. Office of Foreign Asset Controls (OFAC) regulations, particularly focusing on individuals on the Specially Designated Nationals […]
