Bitcoin News / Bitcoinist - 2 years ago
Tether has just announced a key victory in its continuing legal conflict, marking a crucial legal milestone. The company reported that the court had officially dismissed a class action lawsuit involving its extensively utilized USDT stablecoin.
This...
Bitcoin News / Bitcoin Magazine - 2 years ago
Tether, the company behind the world’s most popular stablecoin USDT, acquired 1,529 bitcoin in the second quarter of 2023.Paolo Ardoino, the company’s CTO, confirmed the purchase to Bitcoin Magazine. According to the executive, Tether paid roughly $4...
Cryptocoins News / Blockchain - 2 years ago
Tether's Q2 2023 report reveals $72.5B in US Treasuries exposure and profits over $1B, affirming financial stability. (Read More)
Bitcoin News / Bitcoin.com - 2 years ago
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its rese...
Cryptocoins News / The Cointelegraph - 2 years ago
Zero transfer scams are becoming prominent in the crypto ecosystem, with over $40 million stolen in 2023. A scammer using zero transfer phishing attack managed to ste...
Bitcoin News / Google News Bitcoin - 2 years ago
Tether reports Bitcoin reserves up by $170M alongside drawdown in precious metals allocation& & CryptoSlate
Cryptocoins News / CoinJournal - 2 years ago
Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2.
An attestation report for the quarter by BDO showed operational profits of over $1 billion.
Tether’s consolidated liabilities was roughly $83.17 billion, while expo...
Cryptocoins News / EthereumWorldNews - 2 years ago
Stablecoin giant Tether recorded an operational profit of more than $1 billion in the second quarter of 2023 The USDT issuer’s consolidated assets exceed its consolidated losses, leaving an excess reserve of $3.3 billion. Most of the stablecoi...
Cryptocoins News / The Cointelegraph - 2 years ago
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion. Tether continues to increase its treasury reserve ho...
Cryptocoins News / EthereumWorldNews - 2 years ago
Hong Kong police are searching for a crypto scammer operation after an account was conned of HK$1 million The 29-year-old victim was duped into accepting fake bank notes in exchange for $127,750 in Tether’s stablecoin USDT.Sources say the sour...