Celsius Sues Tether to Recover $2B in Bitcoin Lost in Alleged Fraudulent Transfers
Celsius seeks to recover billions in Bitcoin from USDT issuer Tether.
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Celsius seeks to recover billions in Bitcoin from USDT issuer Tether.
Tether said no matter the outcome of the lawsuit, no holder of any of the company's tokens will be affected.
Tether faces a $2.4 billion lawsuit from Celsius Network over a 2022 agreement, vowing to defend against the claims in court.
Tether CEO Paolo Ardoino believes MiCA's latest regulatory move puts banking systems and the use of stablecoins in the EU at a “systemic risk.
Celsius Network Ltd. has filed a lawsuit against Tether and its affiliated entities.
USDT and USDC supply have increased by nearly $3 billion in the past week, indicating heightened investor activity after the market crash.
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company's employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team.
Paolo Ardoino, CEO of Tether, criticized the trend of aggressive hiring during bull runs, followed by layoffs during the market downturn.
The market capitalization of Tether‘s stablecoin USDT has surpassed $115 billion. According to a somewhat cryptic X post by CEO Paolo Ardoino, Tether's stablecoin USDT (USDT) hhas reached a significant milestone, surpassing $115 billion in market capitalization.
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers.
Tether's (USDT) stablecoin has reached a historic milestone of exceeding $115 billion in supply, according to an Aug. 8 post by CEO Paolo Ardoino on social media platform X. CryptoSlate data shows that USDT's market capitalization grew by more than $1 billion in the past week.
TL;DR Tether has minted over $1.3 billion in USDT since the crypto market bottom on August 5, transferring these funds to centralized exchanges like Kraken and Coinbase. The injection of USDT suggests potential buying pressure. Since the recent bottom, Bitcoin has recovered over 21%, currently trading around $60,000.
Tether: management of assets worth 118 billion dollars in support of USDT
Tether has partnered with the Africa Blockchain Institute, a Rwanda-based blockchain think tank, to expand the crypto company's educational initiative to Ivory Coast. According to a news release on Aug.
Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this institutional investor sent $445 million USDT to exchanges to buy more crypto.
Tether and Africa Blockchain Institute have teamed up to deliver blockchain education across universities in Ivory Coast, aiming to equip students with practical skills.
Stablecoin firm Tether is set to double its existing workforce to around 200 employees by mid-2025, according to CEO Paolo Ardoino.
The newly minted stablecoins could help push Bitcoin's price above the $65,000 resistance, which is the short-term whale holder's realized price.
Stablecoin issuer Tether has announced plans to double its workforce by mid-2025 to bolster compliance with regulatory laws. Per a recent interview with Bloomberg, chief executive officer Paulo Ardoino said Tether Holdings Ltd.
While Tether is aiming to expand its workforce, Ardoino is still cautious about doing it too rapidly.
Tether CEO Paolo Ardoino's recent statements have hinted at the stablecoin giant's plans to increase its workforce by mid-next year. Speaking in an interview with Bloomberg recently, Ardoino revealed that he expects the firm to reach a headcount of 200 employees in 2025.
Stablecoin issuer, Tether, has disclosed its plans to ramp up its employee count. In a recent interview with Bloomberg, Tether CEO, Paolo Ardoino, announced his vision of reaching 200 employees.
The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.
Stablecoin issuer Tether is seeking to expand its compliance and financial reach by doubling-up its workforce by mid-2025. CEO Paolo Ardoino says Tether Holdings will soon reach a headcount of 200 senior staff, which currency has 100 employees.