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…
Tag: Tether
Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
According to one analyst, some $1 billion in trading positions were liquidated as prices surged. Bitcoin market analysts are speculating over what fueled the cryptocurrency’s price…
Crypto Long & Short: Why Tesla’s Reversal Is Good for Bitcoin
The company’s recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?…
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…
A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says
“If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would…
Tether’s USDT Surpasses Bitcoin and PayPal’s Average Daily Transfer Value
Tether’s USDT stablecoin has seen its 7-day average daily transfer value surpass that of the flagship cryptocurrency bitcoin and PayPal, according to new research. A…
CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top
CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April…
Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral
The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week’s break into the 5-6 score level with…
Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates
With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency…
Coinbase To Fill Gap In Stablecoin Market As Tether Faces Criticism
As Vice President of Corporate and Business Development at Coinbase, Emilie Choi puts it, a stablecoin is a “digital programmable dollar” and let’s be honest, the leading…