Tether Ranks Seventh Among Top US Treasuries Buyers in 2024
Tether, the largest stablecoin company in the cryptocurrency space, has become one of the largest buyers of U.S. treasuries as a way of backing the value of the over 140…
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Report: Russia Leveraging Crypto for Oil Trade to Bypass Sanctions
Russia has reportedly turned to cryptocurrencies to facilitate its oil trade with India and China, using digital assets to circumvent Western sanctions. While fiat currencies like the UAE dirham still…
Geoblocking Has Denied US Investors $2.6 Billion in Airdrops Since 2020: Report
Airdrops have become a crucial tool for blockchain projects to enable user engagement and decentralized value distribution. However, Dragonfly’s latest report highlighted the unintended consequences of geoblocking policies, particularly in…
Stablecoins Thrive as Crypto Stumbles: A $4.23B Growth Spree in 2 Weeks
While the crypto market contracted over the past two weeks, the stablecoin sector has ballooned by $4.23 billion since March 1, defying the broader trend. Digital Dollars Dominate With Over…
Rumble Buys 188 BTC as Part of $20M Bitcoin Treasury Strategy
Video platform Rumble has purchased 188 BTC for $17.1 million, strengthening its push into the crypto space. The buy aligns with Rumble’s $20 million bitcoin treasury strategy. Rumble Acquires $17.1…
Tether’s USDT Gains Regulatory Greenlight From Thailand’s SEC
Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption…
USDC Gains Ground on Binance as Regulatory Changes Challenge Tether’s Dominance
Binance is seeing a rising dominance of USDC as regulatory changes reshape the stablecoin market. A year ago, USDC accounted for just 0.48% of Binance’s stablecoin distribution, dwarfed by USDT’s…
Russian Exchange Garantex Halts Services as Tether Freezes $28M in USDT Tokens
Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union’s sanctions against…
Tether Strengthens Regulatory Focus With New CFO
Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) to lead its efforts toward a full financial audit, reinforcing its commitment to transparency. The move comes as…
Binance to Delist Nine Non-MiCA Stablecoins in Europe, Including USDT And DAI
Leading cryptocurrency exchange Binance has revealed plans to delist nine stablecoins for users in the European Economic Area (EEA) on March 31 as regulatory pressure intensifies. The company noted that…
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