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Alameda Research and Cumberland, two prominent market makers in the crypto industry, have acquired a significant portion of Tether (USDT), according to a recent report by Protos. Since its launch in 2014, these companies have bought back an impressive 70% of all USDT ever issued by Tether, the entity behind this stable digital token.
Alameda Research is under the spotlight for allegedly minting $39.55 billion of Tether's USDT stablecoin. This staggering sum accounts for nearly half of Tether's current circulating supply and raises serious questions about the governance and transparency of both Alameda and its affiliated trading platform, FTX.
Recent data analysis reveals that Alameda Research minted $39.55 billion USDT, nearly half of Tether's circulating supply. The findings underscore the significant role of major crypto trading firms in stablecoin operations, with a detailed examination of USDT's creation and redemption processes.
Director of Coinbase Conor Grogan has shed some light on some shady operations at FTX and its sister company Alameda Research over the minting of Tether's USDT stablecoin. According to on-chain data, Alameda was responsible for creating $39.55 billion worth of USDT, which accounts for approximately 47% of Tether's current circulating supply.
In the wake of escalating tensions between Hamas and Israel, gold-backed cryptocurrencies have emerged as the top gainers among the 100 leading cryptocurrencies by market capitalization. This surge in value is directly correlated to the rising price of gold, which experienced an upswing due to the recent conflict.
Alameda minted 39.55B USDT, 47% of Tether's circulating supply today.
A collective of Israeli leaders in the Web3 and crypto space have joined together to establish the Crypto Aid Israel fund. The aim is to provide humanitarian assistance to citizens who have been displaced by the conflict.
In the ever-evolving world of cryptocurrency, one name stands out for its unwavering stability – Tether, or USDT. While cryptocurrencies are known for their price volatility, Tether has emerged as a key stablecoin, offering investors and users a reliable bridge between the crypto world and traditional finance.
iToken wallet scandal that has sent shockwaves through the cryptocurrency community, users of the iToken wallet (formerly known as Huobi Wallet) reported the theft of a substantial sum on October 3rd.
Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain.
With the stablecoin market hitting a two-year low, USDT and DAI have emerged to weather the bearish storm.
Binance has just unveiled its eleventh Binance proof of reserve report, providing insights into the state of users' assets as of October 1st.
Starting from October 2023, users of the Prestmit platform will be able to top up their accounts with four new payment methods.
In the dynamic world of cryptocurrencies, excitement is in the air once again as the latest bullish reversal takes center stage. The spotlight is firmly on Tether, the world's largest stablecoin, as it experiences a surge in presence on cryptocurrency exchanges, potentially heralding fresh buying opportunities.
In a digital landscape dominated by centralised control, the tweet by Paolo Ardoino of podcasting giant Tether unveiled Keet, a revolutionary P2P podcasting platform ready to free content creators and listeners from the constraints of intermediaries.
After several months of volatile and uncertain trading, the altcoin market is poised for a welcome relief rally in the fourth quarter of 2023. This optimism is fueled by the anticipation of crypto traders looking to capitalize on profits during the end-of-year festivities, leading to a surge in overall trade volume.
When delving into the realm of content creation, there are three pivotal elements that demand our attention: “perplexity,” “burstiness,” and “predictability.
On October 2, 2023, Bitfinex initiated two significant transfers totaling 100 million Tether (USDT) to the Tether Treasury address, as reported by the monitoring service, Whale Alert. These two transfers, which were almost simultaneous, took place only two minutes apart.
As the seasonal 'Uptober' trend takes hold, cryptos are igniting interest again, reminding investors of their potential gains and volatility.
In a remarkable turn of events, the Tether Treasury witnessed a substantial influx of $100 million worth of USDT tokens in a matter of minutes. The two transactions, totaling a whopping $100,078,000, were transferred from the cryptocurrency exchange Bitfinex on October 2, 2023, with just a two-minute gap between them.
Tether's surging inflows could indicate investors eying fresh opportunities.
In a significant development within the cryptocurrency world, two substantial transactions involving 50,000,000 USDT each have recently taken place. The funds were transferred out of Bitfinex and into the Tether Treasury, according to reports from Whale Alert.
Two transactions showed lump sums of $500,000,000 in USDT being transferred from Bitfinex to the Tether Treasury only a few minutes apart.
KuCoin, one of the leading cryptocurrency exchanges, recently released its latest asset reserve certificate dated Sept. 29. The report shows a noticeable decrease in user assets across Bitcoin, Ethereum and Tether.
