Tether, the leading stablecoin, has experienced a significant drop in its Market value due to new cryptocurrency regulations in the European Union. The value of USDT fell by over 1% this week, marking its largest decline since the FTX crash in November 2022. This drop coincides with several exchanges, including Coinbase, removing USDT due to ...
Tether recently added 7,629 Bitcoin, worth about $700 million, to its reserves, marking the biggest increase since March 2024. The transactions originated from Bitfinex’s hot wallet. Following a similar transfer the next day, Tether now holds a total of 82,983 Bitcoin, purchased for around $2.99 billion. This move is part of Tether’s strategy to allocate ...
Tether recently made a significant move by transferring 7,629 BTC—worth around $700 million—from Bitfinex’s hot wallet to its Bitcoin reserve. This is the largest addition to Tether’s Bitcoin reserves since March 2024. Following this, another transfer took place on December 31, bringing Tether’s total Bitcoin holdings to 82,983 BTC, acquired for $2.99 billion. Tether plans ...
Inspired by Tether’s success, major banks are increasingly interested in stablecoins. Societe Generale’s Forge has already launched a euro-backed stablecoin for retail investors, while companies like Revolut and a Deutsche Bank venture called AllUnity are considering their own versions. American banks are likely to follow once stablecoin legislation is passed. Visa is also entering the ...
Shares of Rumble, a growing tech company, have reached their highest point in a year, rising about 300% since January. This surge is largely due to a significant investment of $775 million from Tether, the firm behind the major cryptocurrency stablecoin, Tether (USDT). Tether, now the third-largest cryptocurrency, boasts a Market cap of nearly $140 ...
Shares of Rumble, a technology company listed on NASDAQ, have surged about 300% recently, reaching 52-week highs, mainly due to a significant $775 million investment from Tether Limited, the entity behind the stablecoin Tether. Unlike typical cryptocurrencies, Tether maintains a stable value and has a Market cap of nearly $140 billion. While Rumble aims to ...
Rumble, a tech company listed on NASDAQ as RUM, has seen its stock price rise dramatically, increasing around 300% since January, largely due to a $775 million investment from Tether, the firm behind the popular stablecoin. Tether, valued at nearly $140 billion, is the third-largest cryptocurrency but offers stability unlike Bitcoin and Ethereum. Rumble aims ...
The latest edition of the White House Watch newsletter covers key topics affecting the U.S. presidential transition and government appointments. Howard Lutnick, a strong supporter of the controversial cryptocurrency Tether, faces criticism due to its association with criminal activity, while also being nominated to lead the commerce department. Meanwhile, Mitch McConnell positions himself against isolationism ...
Tether’s recent report reveals that there are now 109 million on-chain wallets holding USDT, making it one of the most popular digital assets. This growth positions USDT in close competition with Ethereum, vastly exceeding Bitcoin’s wallet numbers. The report notes that USDT is heavily integrated into centralized platforms, with 86 million accounts receiving on-chain deposits ...
Tether, the largest stablecoin issuer, recently introduced an open-source wallet development kit (WDK) aimed at helping businesses and developers easily integrate non-custodial wallets into their websites and apps. Launched on November 11, the WDK supports both human users and AI agents, providing full control over digital assets like USDT and Bitcoin. With features designed for ...
