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: USDT
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…
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
Mazars has deleted Binance’s proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized. Mazars, the auditing firm working with Binance and other crypto exchanges on…
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…
Binance Now Lets Users Borrow Against Crypto Holdings to Fund Futures Trades
Malta-based Binance, one of the world’s top cryptocurrency exchanges by trading volume, now allows users put up their crypto holdings as collateral to fund futures…
Breaking: Tether Opens $1.8 Billion Bank Account in the Bahamas
Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it has established a banking relationship with a small financial institution based out…
This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto
After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin,…
Gemini Dollar (GUSD) vs. Paxos Standard (PAX)
What GUSD and PAX Have in Common Both of these are: the world’s first-ever regulated stablecoins, approved and regulated by the New York State Department of Financial Services (NYDFS);…
Coinbase Coming Close to Holding an Impenetrable Competitive Position: Report
The latest report reveals that the crypto trading fees is going to double this year despite price slump where Coinbase has 50% of the transaction…
Trading Opens on Huobi’s New US-Based ‘Strategic Partner’ HBUS
Huobi crypto exchange has opened trading on its newly created U.S.-based “strategic partner” HBUS, according to a press release shared with Cointelegraph today, July 10.…