In a noteworthy move, Tether, the leading stablecoin, has decided to drop its opposition to the Freedom of Information Law (FOIL) matter. This pivotal decision stems from Tether’s commitment to transparency, particularly during the prevailing financial uncertainty. At its heart, Tether aims to provide openness, stability, and liquidity, critical values
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
In a groundbreaking move, USDT Tether has invested in El Salvador, marking a notable progression in the country’s crypto-centric economy. Meanwhile, traders are showing immense interest in Tradecurve, an up-and-coming platform currently in its presale phase, betting big on its promising future. As we dissect these significant developments, we ask:
Over the past month, a significant shift in the world of cryptocurrencies has unfolded. The total market capitalization of stablecoins has slightly decreased, slipping below the $131 billion mark. This surprising trend is worth exploring, as it deviates from the usual upward trajectory stablecoins have witnessed over the past years.
Tether has announced its plan to purchase hundreds of millions of dollars’ worth of Bitcoin to back its USDT token. The company intends to invest 15% of its net profit into Bitcoin as part of a strategy to diversify its reserves. This move comes as Tether aims to maintain a
On Wednesday, stablecoin issuer Tether said that it will begin making regular purchases of Bitcoin (BTC) for its stablecoin reserves. Thus, spending a portion of its earnings to do so. As part of a new investment strategy centered on the world’s biggest cryptocurrency by market value. Tether🧡#Bitcoin Starting this month,
BDO Italia, one of the major international networks of audit and professional services, has revealed that Bitcoin has made up around $1.5 billion of the Tether reserves, which is nearly 2% of the total at the end of Q1. Recently, the stablecoin issuer Tether released the Q1 2023 results. According
Tether Holding Limited, a stablecoin issuer, has announced that its reserves surplus has increased to $2.44 billion, a $1.48 billion up in net profit. Many digital assets had a dramatic gain in value during this time, which may be attributed to the general revival of the crypto market. Tether's Latest
Stablecoins have emerged from obscurity to become one of the most important digital asset sectors in the space. The stablecoin market now accounts for over 10% of crypto’s total valuation, with a market cap exceeding $130B. With over 100 stablecoins listed on Coinmarketcap alone, deciding where to allocate capital is
KuCoin, the crypto exchange’s official Twitter account, was compromised for 45 minutes starting at 00.00 UTC+2 timezone. As per the tweet from KuCoin, the Twitter hack was performed by posting “fake activity”, which caused a number of crypto users to lose their assets. 1/ The @kucoincom handle was compromised for
