Search Results for "Tether"
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
US Draft Bill Proposes Framework for Stablecoins
A new draft bill has been published in the United States proposing a regulatory framework for stablecoins. The bill would put the Federal Reserve in charge of non-bank stablecoin issuers, such as Tether and Circle. Insured depository institutions seeking to issue stablecoins would fall under federal banking agency supervision. The bill also includes a ban on issuing stablecoins not backed by tangible assets and proposes a study on "endogenously collateralized stablecoins."
Tether's Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth
Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health.
Tether Implements Wallet-Freezing Policy Aligned with US Regulations
Tether's wallet-freezing policy, in line with US OFAC regulations, is a proactive approach to cybercrime, setting a new standard in the crypto industry.
Stablecoins Wallet Addresses Records 12m with Holding at Least $1m
According to data from CoinMetrics, the total number of wallet addresses holding at least $1 million has topped 12 million.
Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 - FTC
Despite crypto penetrating the masses from Bitcoin ATMs to Super Bowl ads, scams in this sector have been going through the roof because more than $1 billion has been lost since 2021, according to a study by the Federal Trade Commission (FTC).
Here is Why Tether Blacklisted Five TRON Addresses
Tether has blacklisted five new addresses on the TRON blockchain, highlighting its efforts to maintain network integrity and security. The largest address lost over $1.2 million USDT, aiding law enforcement and users in recovering stolen funds.
Tether Denies Receiving Any Loans From Celsius
Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.
Myanmar's Shadow Political Entity Adopts USDT as its Primary Currency
Myanmar’s shadow political entity, the National Unity Government (NUG), has reportedly adopted the Tether (USDT) stablecoin as its primary currency to bypass the sanction from the military regime.
Ruble-Crypto Trading Soars amid Western Sanctions on Russia
Trading volumes between the Russian Ruble and the Tether cryptocurrency surged on Monday as Western powers slapped sanctions on Russia over the Ukraine-Russia war.
Tether Eliminates All Commercial Paper Holdings to Zero
Tether has cut down all commercial paper exposure from its reserves. The firm said the move is part of its ongoing efforts to increase transparency.
The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.