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The Swiss city aims to make bill payment more convenient by letting residents pay municipal fees & taxes with Bitcoin and Tether.

Tether's Bitcoin holdings have surged to $2.4 billion, marking an 85% profit amidst the current market upswing.

Tether, known for its USDT stablecoin, has recently made headlines with its Bitcoin holdings soaring in value, generating a profit exceeding $1 billion. Notably, this significant financial gain can be attributed to the stablecoin issuer's approach of buying Bitcoin using a portion of its net profits.

Blockchain-enabled platform Tether has announced an impressive profit of more than $1.1 billion from its Bitcoin holdings, thanks to the recent surge in BTC prices. Tether's lucrative Bitcoin investment strategy Tether, known for issuing the USDT stablecoin, has made a substantial profit from its strategic Bitcoin investments.

As of today, the Swiss city of Lugano has implemented a policy to accept cryptocurrencies, including Bitcoin and Tether, for the payment of municipal services and taxes.

Lugano, Switzerland, has broadened its tax and community fee payment options to include the option to pay in cryptocurrencies, including Bitcoin (BTC) and Tether's USDT stablecoin, according to a Dec. 5 statement.

The Swiss City of Lugano will from December 5, 2023 accept Bitcoin (BTC) and Tether (USDT) as payment for taxes and other municipal fees. According to the news release, the move to accept BTC and USDT comes as Lugano expands its payment options to include cryptocurrencies.

The ongoing Bitcoin (BTC) price rally has proven to be highly beneficial for stablecoin issuer Tether Holdings Inc. The company has raked in about $1.1 billion in profit alone, an 85% jump in its portfolio valuation since adopting Bitcoin as one of its reserve assets earlier in the year.

Swiss city of Lugano officially announced that it has started accepting Bitcoin and Tether as payment for taxes and all other community fees.

Bitget has designed TraderPro to attract all kinds of users, aiming to provide a risk-free platform to reward the best cryptocurrency traders.

MicroStrategy Inc. and Tether, two prominent players in the cryptocurrency space, have seen significant gains from their strategic investments in Bitcoin (BTC) amid the recent crypto market rally. On the one hand, MicroStrategy, led by CEO Michael Saylor, has made a staggering profit exceeding $2 billion from its Bitcoin holdings.

Tether's total BTC holdings are 57,576 BTC, worth $2.4 billion. The average purchase price of Tether's BTC holdings is $22,480. Tether has acquired 4,083 BTC since May 2023, using 15% of its net profits. Tether, the issuer of the world's largest stablecoin, USDT, has benefited significantly from the recent rise in Bitcoin (BTC) prices.

Tether's holdings of BTC have announced a new investment strategy that will see it allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC). Coincu News

Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit, a European exchange with Ukrainian roots.

Paolo Ardoino's new role as Tether's CEO signals a transformative era for the cryptocurrency issuer's global expansion strategy.

Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph.

The circulating supply of Tether's USDT increased by 4.5 billion in November amid growing market optimism for a spot Bitcoin exchange-traded fund (ETF). Blockchain intelligence platform Arkham confirmed this in a Nov. 28 post on X, noting that around $3 billion worth of USDT was minted on the Tron network.

The increasing global misuse of stablecoins, particularly in war, crime, and high inflation, raises significant concerns. In a speech at a Blockchain Association event, Deputy Secretary of the Treasury Wally Adeyemo emphasized the urgent need for stablecoin issuers outside the U.S.

The top 10 Tether wallets held tokens worth $15.23 billion at press time. Market indicators suggested that investors might expect a few slow-moving days.

KuCoin enables seamless cryptocurrency spending anywhere VISA is accepted: see who's eligible for the brand new KuCard.

The price of the flagship cryptocurrency Bitcoin has moved up over 130% over the past year and the accumulation has seemingly seen the supply of BTC on cryptocurrency trading platforms drop to its lowest level since December 2017 to now stand at 5.38%.

Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.

In a bid to revolutionize capital raisings, Bitfinex and Tether launched ALT2611, a tokenized bond backed by Tether (USDT). However, two weeks after its debut, the result has been disappointing. With an initial goal of raising 10 million USDT, only a modest 15% has been achieved, equivalent to 1.5 million USDT.

In the realm where traditional finance meets the dynamic world of cryptocurrencies, Bitfinex, a leading digital asset platform, recently launched an ambitious financial instrument aiming to revolutionize capital raises. The highly anticipated ALT2611 tokenized Tether bond, however, encountered a tepid response, underscoring the challenges within the crypto market.