Tether Reportedly Freezes 46M USDT on Tron Owned by FTX
Tether has become the latest industry company to get involved with the ongoing saga revolving around FTX by freezing over 46 million USDT. The company said it had to comply…
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Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens
Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s…
Stablecoin Giants Tether, Circle Disclose Financial Relationship With FTX, Alameda
Amid the chaotic meltdown, asset movement from Circle to FTX surfaced. It was also reported that Alameda could be the second-largest issuer of Tether. CEO of USDC issuer, Jeremy Allaire,…
Lebanese Embrace Bitcoin and Tether Amid Total Economic Crash
The hyperinflation, the collapse of the local banking system, and the significant depreciation of the currency prompted numerous Lebanese residents to embrace cryptocurrencies, including stablecoins. Some locals have also focused…
Tether Responds to Reports of New Bank Fraud Investigation at DOJ
A DOJ investigation into suspected bank fraud at Tether – issuer of the world’s largest stablecoin, USDT – has reportedly been transferred to another team within the department, according to…
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
Crypto Boutique Law Firm Roche Freedman Removed From Class Action Against Tether
After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against…
Roche Freedman Removed From Bitfinex, Tether Class Action Lawsuit (Report)
Roche Freedman, the law firm behind several legal actions against crypto companies, was removed from representing the plaintiffs in the infamous lawsuit that accused crypto exchange Bitfinex and its sister…
Stablecoin Issuer Tether Now Holds Zero Commercial Paper
Stablecoin issuer Tether has revealed that it now holds zero commercial paper after months of gradually reducing its commercial debt holdings for its reserve assets. The development comes less than…
How Stablecoin Exchange Flows Could Signal The Next Bull Market: Analysis
When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC…
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