Deltec Bank in the Bahamas Faces Allegations of Granting Bankman-Fried Covert Credit for Tether Purchase

The recent conviction of Sam Bankman-Fried, former crypto billionaire, on fraud charges has unveiled a complex web of relationships involving Bankman-Fried, Tether, and Deltec Bank & Trust Ltd. In a lawsuit filed against alleged enablers of Bankman-Fried’s scheme, new evidence…

JPMorgan warns that the growing dominance of Tether’s stablecoin could pose a threat to the cryptocurrency market

In an unprecedented leap, Tether Holdings, the powerhouse behind the most widely utilized stablecoin, USDT, is on the brink of a historic achievement—surpassing the $100 billion mark in circulation. This monumental milestone not only cements Tether’s position as the frontrunner…

Tether’s net profits are now 10% of JPMorgan’s with just 50 employees with ‘total profit of 6.2B for 2023. Can Crypto shake the banking industry ?

Tether, the leading stablecoin issuer, has recently released its Q4/2023 attestation, revealing impressive financial performance and laying the foundation for a prosperous year ahead. In this article, we will delve into the key highlights of Tether’s latest report, showcasing the…

Altcoins at a Glance – Important Weekly News on Tether, Moonbeam, Bitfinex and More

Welcome back to Altcoins at Glance. For this issue, we have some news from Brazil and a couple of Altcoins from the Ethereum Network. We also have another mixer being sanctioned by US regulators. Let us dive in. Moonbeam x…

Tether and Bitfinex Agreement: Sharing Information Under FOIL Request

Tether and Bitfinex Settle Dispute Tether and Bitfinex have reached a settlement concerning a Freedom of Information Law (FOIL) request initiated by a group of journalists, including Zeke Faux from Bloomberg Businessweek. The recent announcement made by Tether celebrated the…

The Future of Stablecoins: Significance and Regulatory Vulnerability

In the rapidly evolving world of cryptocurrencies, 2023 has been a pivotal year. Prominent figures in the industry, such as Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, have faced legal actions from US authorities. However, amidst these developments,…

Tether’s Massive $2 Billion USDT Printing Injected into BitFinex Exchange Wallets – Is this sign of Crypto Bull run?

In recent weeks, Tether (USDT), the popular stablecoin, has been making waves in the cryptocurrency space. With significant USDT printing and its strategic allocation, Tether seems to be positioning itself for what many believe could be the most significant bull…

Tether Takes Stand: $225M Frozen in Anti-Trafficking Move

In a proactive maneuver against nefarious undertakings within the cryptocurrency domain, Tether, a preeminent global stablecoin entity, has opted to take a resolute stance. This significant initiative involved the voluntary freezing of approximately $225 million worth of USDT tokens, ensconced…

Tether Resumes Lending Operations to Support Long-Term Clients

In recent news, Tether, the issuer of the popular USDT stablecoin, has made headlines by resuming its lending operations. This move comes as Tether aims to accommodate the loan requests of its long-term clients. In this article, we will delve…

Tether Helps Remitano Exchange to Freeze $1.4 Million in a $2.7 Million Hack

Remitano Exchange is an important establishment in the crypto industry. They help in connecting buyers and sellers to make crypto transactions. So, there was a massive hack on this crypto platform.  What is Remitano Exchange?  Remitano Exchange  How the Hack…