Tether Holdings Ltd., has made a significant move by acquiring a $100 million stake in Bitdeer Technologies Group. This US-listed Bitcoin mining company, owned by Chinese billionaire Jihan Wu, is now partially controlled by Tether, with an option for Tether…
Tether Records 4.52 Billion Profit with Gains from US Treasuries and Crypto
Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…
Tether Takes Action to Freeze Sanctioned Payments Amid Allegations of USDT Use by Venezuela Oil Company PDVSA
In a recent development, Tether, the issuer of the popular stablecoin USDT, has made a significant announcement regarding its commitment to blocking payments made to entities sanctioned by the Office of Foreign Assets Control (OFAC). The decision comes in the…
Tether Teams Up With TON Foundation to Launch Crypto Payments on Telegram Messaging Service
Tether, has joined forces with the TON Foundation to provide customers with the ability to make cryptocurrency payments through the widely popular Telegram encrypted instant messaging service. This collaboration aims to develop a multifunctional application that seamlessly integrates communication and…
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,…
How did the USDT laundering case move over $1 billion?
The unsealing of a criminal case in the Eastern District of Virginia has drawn attention to a major usdt laundering case involving Miami-based Jorge Figueira, a national of Venezuela and Spain. Court filings allege he ran a money laundering conspiracy…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on November 16, Ethereum co-founder Vitalik Buterin introduced Kohaku, a bold new privacy framework designed to make private transactions the default experience for Ethereum wallet users.…
