The world’s biggest stablecoin issuer, Tether, has announced that the USDT asset is now connected to Bitcoin both at its fundamental level and through the Lightning Network. The Taproot Assets protocol engages in this by leveraging Bitcoin’s Taproot improvement to be able to improve security and increase functionality. Moreover, the
Crypto Consortium T3 assisted Spanish authorities in freezing $26.4 million linked to a crime syndicate involved in money laundering operations. The investigators tracked down the blockchain addresses linked to international crime networks. According to officials, the syndicate operated in multiple European jurisdictions and provided cash-to-crypto laundering services to various Illicit
The re-election of Donald Trump as the president of the US is set to change the face of the crypto industry. While several states are proposing Bitcoin strategic reserves, crypto companies are tending to expand their US customer base. On similar lines, Tether also considers expanding its business in the
Tether Holdings Ltd., the world’s largest stablecoin issuer, is wrapping up 2024 with an impressive milestone: over $10 billion in net profits. CEO Paolo Ardoino shared the news in a recent interview, highlighting the growing demand for USDT. As Bitcoin and other cryptocurrencies hit record highs, USDT’s market capitalization grew
Tether, the largest stablecoin issuer, has minted $2 billion USDT in the last four days. This contributes to a total of $19 billion USDT minted on Ethereum and Tron since November 6. These funds have consistently flowed into various cryptocurrency exchanges, fueling market activity. During the same period, Bitcoin’s price
On November 23rd, in response to higher trading activity in the cryptocurrency markets, especially when Bitcoin’s price approached $100,000, stablecoin issuer Tether added $3 billion in USDT tokens to the Ethereum and Tron networks. According to data compiled by Arkham Intelligence, two billion USDT were created in a single transaction
Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to provide a regulated and secure option for digital payments across Europe. These stablecoins will debut on November 18
Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction. A transaction from a Tron “black hole address” to Tether’s multisignature wallet starting with the characters “TBPxh” was identified on November 14
The global crypto markets experienced a turbulent day as negative sentiments swept through the trading floor. Bitcoin (BTC) initially dipped to around $65,500 but later rebounded slightly to about $67,085. In addition to Bitcoin’s struggles, Ethereum (ETH) fell to approximately $2,471 from $2,563, marking a decline of over 7%. Solana
The global crypto market is heating up with various news, that led Bitcoin (BTC) to dip to $65,521 from the high of $68,722. This 5% drop followed reports from the Wall Street Journal claiming that Tether, a major player in the crypto space, is under investigation by U.S. authorities. Tether
