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Tether chief executive Paolo Ardoino thinks geopolitical tensions and macroeconomic trends are going to increase the importance of scarce assets like Bitcoin (BTC) and gold.
Brock Pierce, co-founder of Tether and early crypto investor, is facing a series of legal challenges and financial difficulties, according to a recent report by the New York Times.
Data shows the exchange inflows of Tether (USDT) and USD Coin (USDC) have spiked recently. Here's why this could be relevant for Bitcoin.
With the rise of the Markets in Crypto-Assets Regulation in Europe, questions have risen whether Tether's USDT stablecoin could maintain its dominance for the long term. Data from rwa.
According to a recent report by the New York Times, Tether co-founder Brock Pierce is currently mired in legal disputes with business partners.
According to a recent report by the New York Times, Tether co-founder Brock Pierce is currently mired in legal disputes with business partners.
USDT dominance signals the state of the market in terms of liquidity.
Ardoino stated Tether will prioritize its stablecoin but reinvest over 90% of profits into ventures that align with its vision.
Defunct crypto lending platform Celsius Network is taking legal action to recover billions of dollars worth of Bitcoin (BTC) that it previously transferred to USDT issuer Tether. In a new complaint filed with the Southern District of New York, Celsius says it is seeking the return of 39,542.42 BTC worth $2.
Tether, led by CEO Paolo Ardoino, is investing in decentralized AI and brain-computer interfaces.
Bankrupt lending platform Celsius has filed a lawsuit against Tether seeking 39,542 BTC. According to the lawsuit, the amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin.
Tether has fired back against a lawsuit from defunct crypto lender Celsius Network over disputed Bitcoin, vowing to defend itself vigorously against what it deemed a “shakedown” and “baseless” litigation.
TL;DR Tether Dismisses Celsius Lawsuit: Tether Limited calls Celsius Network's $3.3 billion lawsuit a “baseless” and “frivolous extortion attempt,” asserting that the Bitcoin liquidation was done with Celsius' consent. Dispute Over Bitcoin Liquidation: Celsius claims Tether wrongfully liquidated $2.
Tether CEO Paolo Ardoino hints at challenging tech giants with investments in decentralized AI and brain-computer interfaces.
Tether is pushing back against Celsius' lawsuit, calling it a shakedown and promising to defend itself in court.
The conflict arises from Celsius' recent request to the U.S. Bankruptcy Court of the Southern District of New York. They are demanding Tether return 57,428.64 BTC or pay the equivalent in cash.
Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday.
Bankrupt crypto lender Celsius Network has sued stablecoin issuer Tether for $3.5 billion over allegedly improper liquidation of Bitcoin collateral
Tether is redirecting its rising profits into artificial intelligence (AI) and emerging technologies under the leadership of CEO Paolo Ardoino.
Bankrupt crypto platform Celsius has filed a lawsuit against Tether.
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network's bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius' mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd.
Tether insists it acted within the terms of a 2022 agreement that required Celsius to post additional Bitcoin as collateral when prices fell
Bankrupt crypto lender Celsius Network has initiated legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed concerning a contract dispute dating back to 2022, alleges that Tether violated their agreement by unjustifiably liquidating 39,542.42 Bitcoins that were held as collateral for a loan issued in USDT.
Tether Limited, the issuer of the largest stablecoin USDT, has strongly dismissed a lawsuit filed by Celsius Network Limited. In a press release on Saturday, Tether accused the defunct crypto lender of attempting to shift blame for its financial woes, calling the lawsuit “baseless” and an example of “meritless shakedown.
