Tether

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Tether to compete with MicroStrategy, Tradecurve targets Coinbase

0xMain
May 31, 2023

Coinbase, compete, Hacking, MicroStrategy, targets, Tether, Tradecurve

In 2022, the self-custody narrative was revived due to the collapse of centralized cryptocurrency entities, particularly FTX and Alameda Research. This is backed up by on-chain data that shows ethereum (ETH) exchange balances hitting a five-year low. Many analysts believe decentralized services could...

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Bitcoin and tether accepted by Chinese fentanyl chemical vendors

0xMain
May 24, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blockchain analytics startup Elliptic discovered that Chinese companies selling fentanyl precursors take large sums of cryptocurrency payments, primarily in bitcoin (BTC) and tether (USDT). This information underscores the difficulties...

Tether shifts investment focus to Bitcoin

0xMain
May 17, 2023

Bitcoin, focus, Hacking, investment, shifts, Tether

Tether International Limited (Tether), the manager of the popular stablecoin, has unveiled a new investment strategy for its reserves portfolio. The company will allocate a portion of its net realized operating profits, up to 15%, towards acquiring bitcoin (BTC) on a regular basis....

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Tether treasury mints 1b USDT on Ethereum network

0xMain
April 21, 2023

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A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether treasury. According to a tweet by @whale_alert, a service that tracks large cryptocurrency transactions, one billion USDT were minted on the Ethereum network, which...

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US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight

0xMain
April 16, 2023

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A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s...

Tether used Signature Bank to access the US financial system

0xMain
April 6, 2023

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According to Bloomberg, Tether, the world’s largest stablecoin issuer, utilized Signature Bank to transfer funds from the United States to the Bahamas. Money was routed through the Bank’s Signet system Tether transferred funds from U.S. clients to Capital Union Bank, the issuer’s Bahamas-based...

Tether set to post $700m in profits for Q1 2023

0xMain
March 25, 2023

700m, Hacking, post, profits, set, Tether

Tether, the company behind the most widely used stablecoin, USDT, has announced that it expects to report a profit of $700m for Q1 2023. According to Tether’s chief technology officer (CTO), Paolo Ardoino, the projected profit for Q1 2023 would match the profit...