Tether Posts $5.2 Billion Profit in First Half of 2024
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted…
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Meme Tokens Surge Past Bitcoin in Turkish Trading Activity This Year
The Turkish crypto market has experienced significant growth in recent years. Currently, more than half of the population is invested in crypto, according to polls and surveys. The is evident…
Businessman Scammed Out of $400K in Crypto, 3 Arrested in Hong Kong
Three individuals have been arrested by the Hong Kong police suspected of defrauding a businessman out of HK$3.11 million, worth around $399,000, in crypto assets by offering him three bundles…
Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power,…
Arthur Hayes’ Maelstrom Launches Bitcoin Grant Program to Boost Technical Development
BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The…
Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share
Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still…
Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report
In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of 660,000 USDT, which…
Bullish? USDC Stablecoin Hits One-Year High in Net Inflows on Crypto Exchanges
Stablecoins have witnessed significant growth this year. Among them, USDT remains a leader, but other ones, such as Circle-backed USDC, are also seeing considerable activity. As such, USDC’s recent deposits…
Here’s Why Tether Will Stop Issuing USDT on EOS and Algorand
On Monday, June 24, Tether, the issuer of the popular stablecoin USDT, announced its decision to halt the minting of USDT on the Algorand and EOS blockchain networks. The company…
Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
A popular New York-based crypto exchange, Uphold, announced the delisting of six stablecoins in response to the upcoming MiCA regulation in the European Union, including Tether (USDT) – the largest…
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