Tether Splits Into Four Divisions, Eyes Expansion

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Bitcoin, Crypto News, Stablecoins, Tether, Tether news, USDT

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. Paolo Ardoino, CEO, emphasized the strategic pivot: “Thriving […]

Ripple To Emerge As Tether Rival With Upcoming USD-Pegged Stablecoin Launch

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Crypto, Dollar stablecoin, i, ripple, Stablecoin, Tether, USD, USDT, XRP, XRPUSDT

Payment company firm Ripple has announced its foray into the stablecoin market with an imminent launch of its own US dollar-pegged digital currency. This development positions Ripple to compete directly with established stablecoin giants like Tether and Circle, which dominate the $150 billion market. Ripple’s entry into the stablecoin arena signifies a strategic expansion of […]

Whales Buy Up 5% Of Stablecoin Supply, What Are They Up To?

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Bitcoin, btc, btcusd, Stablecoin, Stablecoin Whales, Stablecoins, Stables, Tether, USD Coin, USDC, USDT, whales

On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]

Tether’s Dark Crown: Most Used Stablecoin In Illicit Crypto Transactions, Reports TRM

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Crypto, Crypto Fraud, Crypto News, Cybercrime, Tether, TRM, TRM Labs, USDT

While Tether (USDT), the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of USDT’s ubiquity: its significant use within illicit crypto flows during the past year. This development unfolds against declining overall volumes of […]

Crypto Heist Alert: Myanmar Company Under Probe For Over $100 Million Theft – Report

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Chainalysis, Crypto Scam, Myanmar, News, Tether

A joint investigation by Chainalysis, a crypto analytics firm, and International Justice Mission (IJM), an anti-slavery group, has uncovered a disturbing crypto scam operating out of Myanmar. The investigation alleges that a single company in Myanmar raked in a staggering $100 million over two years through a scheme known as “pig butchering,” the Financial Times […]

USDT To The Moon? Tether Inches Closer To $100 Billion Market Cap

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Crypto, Crypto News, Stablecoins, Tether, Tether (USDT), USDT, USDTUSD

The cryptocurrency world watches with a mix of intrigue and apprehension as Tether (USDT), the most prominent stablecoin, inches closer to a seemingly mythical $100 billion market capitalization. This monumental milestone signifies Tether’s undeniable market dominance, but it also casts a spotlight on the regulatory clouds gathering around the stablecoin and the potential implications for […]

Tether Backs Oobit’s Mobile Payment App With $25 Million Investment – Key Factors Revealed | Bitcoinist.com

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blockchain, blockchain technology, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Tether, Tether (USDT), Tether Holdings, Tether news, Tether Stablecoin

In a recent announcement, stablecoin issuer Tether (USDT) revealed its investment in Oobit, a mobile payment application. The successful conclusion of Oobit’s Series A funding round resulted in $25 million raised, supporting the development of the platform and its mission to facilitate mainstream adoption of cryptocurrencies.  Bolstering Crypto Adoption?  According to the announcement, Oobit’s mobile payment […]

Here’s How The Rising Stablecoin Supply Is Shaping Bitcoin’s Price Performance

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Bitcoin, Bitcoin News, btc, BTCUSDT, Crypto, Glassnode, Stablecoin, Tether, USDT

Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements. Data from the on-chain analytics firm Glassnode reveals a notable shift in the stablecoin supply ratio (SSR) oscillator, signaling an increase in stablecoin “buying power.” This trend has become a significant factor contributing to Bitcoin’s price performance. Stablecoin Supply Moves 3.5% […]

UN Raises Alarm: Tether USDT’s Role In Money Laundering On The Rise | Bitcoinist.com

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Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Stablecoin, Tether, Tether (USDT), Tether freeze, Tether Holdings, Tether news, Tether Scandal, TetherUSDT

According to a report by the Financial Times, the United Nations (UN) Office on Drugs and Crime has identified Tether, one of the world’s largest cryptocurrency platforms, as an increasingly popular tool for money launderers and fraudsters operating in Southeast Asia, adding to increased regulatory scrutiny of the stablecoin issuer. Tether As Preferred Choice For […]

Expert’s Bold Prediction: Stablecoins Set To Eclipse ETFs, Forging A Multi-Trillion Dollar Market

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Crypto News, Dai, hkma, hong kong, Stbalecoin, Tether, USDC, USDT

Stablecoins are poised to become the next multi-trillion-dollar market, according to a prediction by Gabor Gurbacs, an advisor to Tether, one of the leading stablecoin issuers. Gurbac’s assertion places stablecoins at a pivotal juncture in the evolution of financial markets, drawing parallels to the monumental growth of exchange-traded funds (ETFs). As the stablecoin market currently […]

Tether Teams Up With FBI And Secret Service In Crime-Busting Alliance

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Crypto, Crypto News, Sen. Cynthia Lummis, Stablecoin, Tether, USDT

Tether, the company that created the popular stablecoin USDT, has taken the initiative to publicly reveal letters it sent to the US House Financial Services Committee and the US Senate Committee on Banking, Housing, and Urban Affairs in an attempt to reaffirm its commitment to openness and legal compliance. Tether, which has taken a proactive […]

Ledger Falls Victim To Supply Chain Attack, Over $480,000 Drained

Categories
DeFi, Ethereum, ledger, Ledger hack, LedgerConnect, solana, Tether, USDT

In yet another significant security breach, unknown malicious agents targeted Ledger, the popular hardware wallet provider, aiming to exploit their LedgerConnect kit. Blockaid, a platform aiming to protect web3 users, was the first to report on the attack. The Supply Chain Attack Targeting Ledger Connector Taking to X on December 14, Blockaid said attackers successfully injected a […]