Cantor Fitzgerald is teaming up with SoftBank, Tether, and Bitfinex to launch a massive $3 billion investment in Bitcoin. The new venture, named 21 Capital, aims to follow the successful strategy of MicroStrategy in acquiring Bitcoin. It will kick off with $200 million raised through a special acquisition company (SPAC) called Cantor Equity Partners, with ...
Brandon Lutnick, the son of US commerce secretary Howard Lutnick, is teaming up with SoftBank, Tether, and Bitfinex to launch a new multibillion-dollar investment vehicle focused on Bitcoin. This initiative aims to capitalize on a resurgence in cryptocurrency under the Trump administration and is modeled after MicroStrategy’s success in crypto investments. Lutnick’s special purpose acquisition ...
Tether, a stablecoin issuer, has revealed plans to utilize its current and future Bitcoin hashrate by joining Ocean’s Bitcoin mining pool. This move aims to enhance Bitcoin’s decentralization, as noted by Tether’s CEO, Paolo Ardoino. The Ocean protocol, designed to reduce the dominance of major mining pools, allows miners to create their own block templates ...
Tether, the stablecoin issuer, plans to channel its Bitcoin hashrate into Ocean’s Bitcoin mining pool to enhance the decentralization of the Bitcoin network. CEO Paolo Ardoino highlighted that this move aligns with Tether’s goal to protect Bitcoin from centralization. Ocean’s protocol aims to empower miners by allowing them to create their own block templates, promoting ...
Over the last ten years, the issuance of Tether’s USDT stablecoin has closely followed Bitcoin’s price patterns, with more coins being minted during Bitcoin’s price increases and burned during price drops. Whale Alert’s data illustrates this correlation, showing how USDT’s supply impacts liquidity in the crypto Market. Analysts note that although large USDT mints often ...
The U.S. Department of Justice has seized over $8.2 million in USDT cryptocurrency from scammers involved in “romance baiting” schemes. These scams, which previously used a term called “pig butchering,” trick victims into investing money on fake platforms by promising high returns. Once victims try to withdraw their funds, they face obstacles and realize they’ve ...
This week, Tether (USDT) and other stablecoins are in the spotlight due to new legislation in the House and Senate. President Donald Trump showed support for these bills during a video address at a crypto conference, urging Congress to establish simple rules for stablecoins. Tether, the largest stablecoin, is designed to be pegged to the ...
This week, Tether, Bitcoin, XRP, and other cryptocurrencies are gaining attention as stablecoin legislation moves through Congress. President Donald Trump recently supported the bills during a video address at a crypto conference, urging lawmakers to establish straightforward rules for stablecoins. Tether, the largest stablecoin, is pegged to the U.S. dollar but has faced scrutiny over ...
Tether, a stablecoin operator, has frozen $27 million in USDt on Garantex, a Russian crypto exchange, leading to the platform’s temporary shutdown. Garantex announced on Telegram that all services, including withdrawals, are suspended while the site undergoes maintenance. This action follows sanctions imposed by the European Union on Garantex due to its ties to Russian ...
Tether, the company behind the stablecoin USDt, has frozen $27 million in funds on the Garantex crypto exchange, which is now facing operational suspension. Garantex, sanctioned by the European Union due to its links to Russia’s ongoing conflict with Ukraine, reported that it has paused all services, including withdrawals, while its website undergoes maintenance. The ...
