Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of…
Tag: Stablecoin
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud…
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. Cross…
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos’ BUSD stablecoin to tether. Binance’s dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its…
Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off
The settlement over tether with the New York attorney general’s office appears to remove what might have been a systemic threat to cryptocurrency markets. Bitcoin…
Crypto Exchange Bittrex Global Lists Tokenized Apple, Amazon, Tesla Stocks for Trading
Bittrex Global has launched trading in tokenized stocks such as Apple, Tesla and Amazon on its digital asset exchange. The platform said traders and investors…
U.S SEC, OCC issue first regulatory guidance for stablecoins
U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national…
Currency ‘Cold War’ Takes Center Stage at Pre-Davos Crypto Confab
ST. MORITZ — The United States may be entering a second Cold War, according to some investors, who seem mildly curious but otherwise unconcerned about…
Binance’s iOS App Returns to Apple Store
Binance’s iOS app returned to the Apple app store today. The largest cryptocurrency exchange by volume, Binance’s iOS app has returned after a month’s hiatus.…
Bitcoin Rally May Have Been Caused by a Tether Pump, Not Facebook’s Libra
While many believed Facebook’s entry into the cryptocurrency market sparked renewed interest in cryptoassets and drove Bitcoin to an 18-month high this month, Tether may…