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In a move to mitigate the aftermath of the recent Ledger Connect Kit hack, Tether has proactively frozen the hacker's address. Tether CEO Paolo Ardoino announced the freeze on social media hours after the hacker stole roughly $484,000 through a wallet drainer.
Recently, a supply chain attack targeted leading cryptocurrency wallet provider Ledger, compromising its front-end services through the introduction of malicious code. This breach resulted in the loss of crypto assets valued in the hundreds of thousands, affecting various decentralized protocols and users so far.
Tether froze a wallet containing $44,000 of USDT that was controlled by the Ledger code library exploiter and holds $483,000 of tokens.
The Dragon's Treasure is a series of challenges that each run for a week.
Flipster Debuts ‘The Dragon's Treasure' Trading Competition Series with 1 million USDT worth of prizes
Amidst the ongoing ebb and flow of the volatile crypto market, a recent surge in the inflow of the leading stablecoin, USDT, onto various crypto exchanges has captured the attention of analysts and traders alike. This influx, observed over the past six months, has emerged as a potential catalyst for optimism amidst recent fluctuations in digital asset prices.
The broader crypto received a boost from the Fed on Wednesday. However, increasing regulatory scrutiny remains a headwind.
S&P Global Ratings, a leading financial data analysis firm, recently introduced a stablecoin stability assessment.
A U.S. dollar pegged stablecoin backed only by cash in a bank could help expand the money supply without causing inflation and improve the banking sector, attorney Daniel Wheeler argues.
One clear winner is emerging in the race for stablecoin dominance and some have suggested it could be the equivalent of a global CBDC.
In the ever-evolving realm of cryptocurrencies, Cantor Fitzgerald's Chairman and Chief Executive Officer, Howard Lutnick, stands as a notable figure advocating for the unparalleled potential of Bitcoin and Tether. In a recent CNBC's Money Movers podcast interview, Lutnick expressed his strong preference for Bitcoin while shedding light on Cantor Fitzgerald's custodianship role for Tether's significant treasuries, shedding light on the nuances and implications within the crypto landscape.
El Salvador's National Bitcoin Office (ONBTC) has reported a significant influx of interest and applications for the country's newly launched Freedom Visa program.
Howard Lutnick dismissed other cryptocurrencies as “make believe” and lauded Bitcoin's “uncontrollable” nature.
Cantor Fitzgerald CEO Howard Lutnick recently expressed his admiration for Tether, the stablecoin issuer, in a CNBC interview. Lutnick, describing himself as a “big fan” of Tether, disclosed that he holds the company's treasuries, which currently amount to over $90 billion.
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.
Howard Lutnik, CEO of Cantor Fitzgerald, recently shared his insights on the future of the crypto industry, highlighting Tether and Bitcoin during the CNBC Money Movers Podcast.
Given the wild ebb and flow of individual cryptos to buy, it was perhaps inevitable that a cooling-off period would materialize.
S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors.
Top stablecoin USDT has flowed onto crypto exchanges in the past six months, a potentially bullish indicator, according to the crypto analytics firm Santiment. The firm notes that Bitcoin (BTC) has been moving back “mildly” onto exchanges this month due to trader uncertainty.
Cantor Fitzgerald is a prominent American financial services firm that was founded in 1945. It operates as both a brokerage firm and an investment bank, offering a wide range of financial services, including bond trading, investment banking, asset management, market data, and brokerage services.
Cantor Fitzgerald is one of the custodians for Tether's $90 billion worth of treasuries.
Cantor Fitzgerald has been managing Tether's now $90 billion Treasury portfolio since late 2021.
Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand's cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume).
S&P Global Ratings, a leader in providing credit ratings, announced a crucial series of stability assessments for various stablecoins on Dec. 12, rating each asset's stability strength on a five-point scale.
