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Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds.
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether's stablecoin USDT had diminished in value.
In a recent legal triumph, Tether, the company behind the widely-used stablecoin USDT, successfully defeated a class action lawsuit filed against it. The lawsuit, brought forward by two individuals last year, alleged that Tether had made false claims regarding the backing of USDT tokens with the US dollar.
In a significant development, Tether, a prominent stablecoin issuer, has quietly risen to become the 11th largest holder of Bitcoin globally. This revelation has ignited curiosity and speculation within the cryptocurrency market regarding the potential impact the firm could wield.
A 21.co research analyst has disclosed that Tether, the company behind the world's most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether. Research Analyst and Unknown Source Link $1.
The Tether developer team is getting set to launch new JavaScript libraries that are designed to transfer commands and signals to Bitcoin (BTC) mining hardware like WhatsMiner, AvalonMiner and Antminer devices. Tether Bitcoin Mining Software Will be Open Sourced This new Tether BTC mining software which is “high-quality, polished and modular,” will ensure that mining
Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023.
Tether's dev team is nearing completion of JavaScript libraries for mining, utilizing Holepunch.to technology. CTO Paolo Ardoino announced the development on Aug 5, 2023.
With the new software by Tether, its Bitcoin (BTC) mining capacities will be managed in a more efficient way. Eventually, parts of this software will be released on open source platforms, Paolo Ardoino says.
Laura Swain, the Chief Judge of the U.S. District Court for the Southern District Of New York, has dismissed a class action lawsuit against USDT issuer Tether and its sister company Bitfinex. The lawsuit was brought on by plaintiffs who alleged Tether was falsely advertising its USDT stablecoin.
Tether and its sister entity Bitfinex have scored a legal victory as a U.S. court throws out a lawsuit filed against both. A point to note: Tether and crypto exchange Bitfinex are owned by the same company, iFinex.
The class action lawsuit against Tether, the issuer of USDT, and Bitfinex, the crypto exchange, has been dismissed by a New York court
Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York issued a thorough, six-page decision on August 4, dismissing the class action lawsuit filed against Tether and Bitfinex by plaintiffs Matthew Anderson and Shawn Dolifka.
Uniswap's network activity has been on the decline for the last four weeks. However, UNI's performance throughout July screamed bullish.
The crypto space is heavily dependent on two of the token, the dominant crypto, Bitcoin, and the dominant stablecoin, USDT. BTC & USDT are the two major traded tokens in the market that share more than 80% of the daily traded volume.
While July started bullishly for the cryptocurrency market, the second portion of the month was bearish. This is especially evident in the total market capitalization decrease ensuing after the July 13 yearly high.
The world's largest stablecoin issuer Tether has lauded a legal victory as a U.S. District Court dismisses a class action lawsuit regarding its reserves. The case stems from a complaint filed back in 2021 questioning the legitimacy of Tether reserve statements.
In a significant win for both Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District Of New York has put an end to the longstanding class action lawsuit against the two entities. Tether and Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuithttps://t.
Tether declared a legal victory on Aug. 4 as it reported that a class action suit concerning its USDT stablecoin had been dismissed in court. The case began in December 2021 when plaintiffs Matthew Anderson and Shawn Dolifka made allegations about USDT's backing.
Judge dismisses class action lawsuit against Tether and Bitfinex, finding lack of credible injury claims.
Tether, the leading stablecoin issuer, has been making waves in the cryptocurrency space with its strategic investment plans and impressive profits. A recent analysis by prominent blockchain researcher and data specialist, Tom Wan, has hinted at Tether's potential ownership of the 11th largest Bitcoin address.
The U.S. Southern District Court of New York dismissed a class-action lawsuit against Tether and Bitfinex, the stablecoin issuer said.
A popular blockchain researcher and data specialist at the parent company of 21Shares has recently revealed an analysis that seems to suggest that the leading stablecoin issuer Tether could be the owner of the 11th largest Bitcoin address.
Tether has become the 11th largest bitcoin holder in the world in a move that will spark intrigue and speculation about its ability to impact the market.
