General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10. A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen assets are personal funds and do not affect...
An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year....
In the last 24 hours, the cryptocurrency market cap saw inflows of around $50 billion as the industry rose to $872.68 billion from $828.94 billion as of press time — up 5.26%. Bitcoin and Ethereum’s market cap increased by 5.26% and 7.19% to $332.72 billion and $155.89 billion, respectively. The crypto market experienced a positive bounce as the top 10 cryptocurrencies all posted...
The issuers of the two largest stablecoins, Tether and Circle, have distanced themselves from the FTX situation, saying they have no exposure to the struggling crypto exchange or Alameda Research. Tether distances self Tether’s CTO Paolo Ardoino said in response to a Wu Blockchain tweet that the USDT issuer had no exposure to FTX or Alameda....
Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom. At that time, other well-known companies such as...
The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data...
After last week's strong market rally, the cryptocurrency market has taken a bit of pause holding above the $1 trillion valuation. To understand what could be the market activity ahead, it will be crucial to spot the activity of stablecoins like USDT and USDC. On-chain data shows that there has... Read more
Tether has criticized a report published by Bloomberg that talks about a renewed investigation onto it's bank fraud case. The company has alleged that Bloomberg is recycling old news for attention.
Tether, the company behind the USDT stablecoin, revealed that USDT would be available at more than 24,000 ATMs in Brazil. This was made possible by integrating the technological stacks of the Brazilian ATM supplier Tecban and the bitcoin systems provider Smartpay. Due to their particular economic situations, various Latam countries have placed a significant emphasis […] The post...
Tether has announced that the company's stablecoin USDT will be available at 24,000 ATMs across Brazil, starting from the 3rd of next month. 24,000 ATMs In Brazil Will Offer Tether USDT Conversions Starting 3 November As per an announcement on the firm's website, the Brazilian crypto services provider SmartPay will be handling the...
Tether has successfully ditched the entirety of its commercial paper holdings in favor of U.S. Treasury Bills, which could now make up approximately 56.3% of the companys total reserves. The...
While USDT has observed a decline in its marketshare during the year 2022 so far, the stablecoin still retains its place at the top. USDT Is Still Number One In Stablecoin Market, USDC Remains 2nd According to the latest weekly report from Arcane Research, USDT's share of the stablecoin market has now gone down to 45% this year. The marketshare here refers...
Circle, the company behind USD Coin, the second largest market cap stablecoin in the industry, has announced a massive expansion is in the works in the coming months. According to the company’s official statement, USDC will go live on Arbitrum, NEAR, Optimism, and Polkadot by the end of this year. In addition, support for the interoperability-focused Cosmos chain is planned for early next...
Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other development plans, Tether USDT has risen over the years. Recently, the stablecoin announced its launch on Polkadot. USDT is a product of Tether Limited, a Hong Kong-based firm launched in...
Key takeaways: DeFiChain has announced the listing of the DFI token on the Gate.io cryptocurrency exchange platform The ERC-20 version of the DFI token will start trading immediately against USDT....
Tether has been ordered by New York Judge Katherine Polk Failla, to come forward with documents proving their Tether USDT backing. The lawsuit claims this unbacked cryptocurrency was used for price manipulation in Bitcoin (BTC) currently valued at $370 billion according to the Coinmarketcap data which caused no less than $1.4 trillion damage to crypto markets as well.
The Tether order is related to a lawsuit that is still going on. The lawsuit says that unbacked USDT issuances have hurt the market by $1.4 trillion. A U.S. judge in New York has told Tether to show financial records about the backing of USDT. This is part of a lawsuit that says Tether worked […] The post Tether Ordered to Produce...
Often an overlooked part of the cryptocurrency market, stablecoins can be used to determine the current state of the market. Stablecoin balance on exchanges represents "dry powder," or idle liquidity that can become a strong driving force in the market. The total stablecoin balance on exchanges has only recently become a significant factor in the market. The amount of stablecoins on exchanges remained...
Tether, the company behind the largest stablecoin in the sector, has announced that USDT is launching on the NEAR Network (NEAR). With the expansion to the NEAR ecosystem, the USD price-tracking stablecoin is now available on 14 different blockchain platforms.
Is this attack on Tether part of The Wall Street Journal’s general campaign against bitcoin and crypto? Or did the newspaper feel the impulse to get in on the Tether FUD action a few months too late? Did Tether competitors pay for this article or is it an organic piece of journalism? The WSJ article titled “Tether Says Audit Is...
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