The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world. According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY […]
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The U.S. Secret Service is targeting the masterminds behind the Russian crypto exchange Garantex for their role in an alleged money laundering operation. In a press release, the Secret Service says it is going after Garantex for allegedly facilitating the transaction of hundreds of millions of dollars in criminal proceeds, some of which was used […]
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Russia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report. Citing “four sources with direct knowledge of the matter,” the new report claims that some Russian oil companies are using Bitcoin (BTC), Ethereum (ETH) and USDT to ease the conversion of Indian rupees and Chinese yuan to Russian […]
The post Russia Side-Stepping Western Sanctions by Trading Bitcoin (BTC), Ethereum (ETH) and USDT for Oil: Report appeared first on The Daily Hodl.
Sanctioned Russian crypto exchange Garantex is announcing the suspension of its operations after Tether blocked its platform’s wallets. In a new Telegram announcement on Thursday, the Russian exchange says that Tether has blocked Garantex’s wallets, which contained over 2.5 billion rubles, about $28 million. “Dear users! We have bad news. Tether has entered the war […]
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Top global crypto exchange Binance is delisting Tether’s USDT and other stablecoins for European customers because the digital assets are not compliant with new regulations in those countries. In a new announcement, Binance says that beginning March 31st, the platform will delist nine stablecoins for customers in the European Economic Area (EEA) because they are […]
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Tether CEO Paolo Ardoino says USDT will help to successfully keep the US dollar on top of the global financial power structure. In a new post to the social media platform X, Ardoino makes his argument for why USDT is the “most successful tool” for the US dollar maintaining its hegemony. “Tether built, over the […]
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Tether, the largest stablecoin issuer in the world, has been spotted sending $800 million worth of its USDT to Binance, the biggest crypto exchange by volume. According to data from blockchain “de-anonymizing” firm Arkham, Tether sent two batches of 400 million USDT to Binance early on Wednesday. While the implications of the transfer are broad […]
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The former CEO of stablecoin firm behemoth Tether is throwing his support behind a new USDT rival, according to Bloomberg. Tether co-founder Reeve Collins is now the chairman and co-founder of Pi Protocol, the maker of a new USDT competitor, USP, Bloomberg reports. The Pi stablecoin is scheduled to roll out on the Solana (SOL) […]
The post Original Tether CEO Backing New Yield-Bearing Stablecoin to Rival USDT: Report appeared first on The Daily Hodl.
The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets. In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws […]
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Coinbase CEO Brian Armstrong says the digital asset exchange is moving as fast as possible to support one crypto use case often overshadowed by trading. In an earnings call, Armstrong says the payments category is one of the biggest sectors driving mass adoption in crypto. Specifically, the Coinbase CEO is looking at stablecoin payments, a […]
The post Crypto Stablecoins Shatter $30,000,000,000,000 in Volume During 2024, Says Coinbase CEO Brian Armstrong appeared first on The Daily Hodl.
