Tag: Tether
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
The U.S. District Court for the Southern District of New York has finalized the dismissal of a class action lawsuit against Tether and Bitfinex. This lawsuit, initially [more…]
Paolo Ardoino: Tether Tests New Bitcoin Mining Platform, Moria, with Enhanced Software Control
In a recent update from Paolo Ardoino, the Chief Technology Officer of Tether, it was revealed that Tether is in the testing phase of its new Bitcoin [more…]
Tether’s Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks
In response to growing speculation surrounding a recently posted photo, Paolo Ardoino, CTO of Tether and Bitfinex, took to Twitter to clarify matters. The image in question [more…]
Tether’s Development Team Nears Completion of Advanced Mining Libraries
In a recent tweet on August 5, 2023, Paolo Ardoino, the Chief Technology Officer (CTO) of Tether and Bitfinex, revealed that Tether’s development team is on the [more…]
Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard
Paolo Ardoino, Tether’s CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape. Ardoino emphasized the similar characteristics shared by [more…]
Tether Launches USDT on Kava Blockchain
Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world’s leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens [more…]
Tether Emphasizes Commitment to Transparency, Releases Reserves Information in Response to CoinDesk’s FOIL Request
Tether has reaffirmed its commitment to transparency and announced its completion of reporting obligations to the New York Attorney General’s Office. Under the terms of its 2021 [more…]
In-Chat Tether Transfers Introduced in Telegram
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the [more…]
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, [more…]
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said [more…]
Brazilian Companies Break Crypto Purchasing Records Again in October
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies [more…]
The Ultimate Guide to Stablecoins
It’s true that Bitcoin revolutionized the financial industry and provided society with a new perspective on decentralized payments and peer-to-peer transactions. Bitcoin also gave rise to a [more…]
Tether Releases Report On Reserves Amid Stablecoin Drama
Tether Holdings has released an independent accountant reserves report in an effort to show that USDT is indeed fully backed. The consolidated reserves report, done by MHA [more…]
TRON Founder Justin Sun Reveals Plans For New Algorithmic Stablecoin Backed By TRX
Justin Sun Says TRON will be entering the battle for stablecoin supremacy. Writing in a blog post, Sun says TRON is gearing up for a new algorithmic, [more…]