Finance & Crypto News Website
Tether Strikes a Major Deal with Bitdeer, Investing $150 Million in Private Placement Shares The highly-anticipated agreement has been announced, and it’s making waves in the financial world. A whopping 18,587,360 Class A ordinary shares, plus a tempting warrant to snag up to 5,000,000 more shares at a steal of a price – only $10.00 … Read more
Telegram’s enthusiastic support for The Open Network (TON) has sparked a mass exodus towards this cutting-edge platform. With a surge in user engagement and a remarkable 100% increase in on-chain TVL in just two months, TON is quickly becoming the go-to destination for all blockchain enthusiasts. The Open Network (TON) has been making waves with … Read more
Kraken, the top crypto exchange, is currently in the midst of a crucial decision. The highly anticipated Markets in Crypto Assets (MiCA) regulations are about to shake up the European market, and Kraken is actively considering whether to bid farewell to Tether (USDT). These new regulations could pose significant hurdles for stablecoins, making this a … Read more
Tether has announced its partnership with RAK Digital Assets Oasis (RAK DAO) through the signing of a groundbreaking Memorandum of Understanding (MoU). Together, these two innovative organizations will work towards introducing the game-changing technology of Bitcoin (BTC) and stablecoins to the vibrant city of Ras Al Khaimah. “In collaboration with RAK DAO, Tether will help … Read more
Breaking barriers and setting records, Tether, the issuer of USDT, raked in an impressive $4.5 billion in net profits during the first quarter of 2024. Tether’s latest assurance report, released by BDO on May 1, has revealed some staggering numbers. The digital asset firm’s Treasury bills stockpile has soared to a record-breaking $90 billion, while … Read more
The world of cryptocurrency was set ablaze as TON, a relatively obscure digital currency, skyrocketed into the top 10 rankings, leaving the renowned cryptocurrency Cardano in its dust. In a recent tweet, Morgan sheds light on the sudden surge of TON and casts doubt on ADA’s stronghold in the market. While XRP’s position has been … Read more
Tether’s USDT stablecoin receives top marks in security with a successful SOC2 audit. Tether is proud to announce its successful completion of the rigorous SOC 2 Audit Type 1. But what exactly does this mean for clients?This comprehensive audit evaluates the ability to uphold five crucial trust service principles: security, availability, processing integrity, confidentiality, and … Read more
The latest acquisition has given their reserves a major boost just in time for the highly anticipated Bitcoin halving. And get this, their treasury now holds over 75,000 Bitcoins, all purchased at an average price of $30,305. Tether has ramped up its Bitcoin reserves, now reaching a staggering $5.3 billion. And that’s not all – … Read more