Keep up with what's happening in the crypto world in real-time.
All Filters (1)
A new post from Tether CEO Paolo Ardoino suggests that Peer-to-Peer Artificial Intelligence (AI) agents that are powered by United States dollar-pegged stablecoin USDT may launch soon. Tether To Revolutionize Operations With AI In his X post, Ardoino talked about P2P AI agents that are powered by USDT and LN Payments.
All stablecoins are equal, but some stablecoins are more equal than others - Basel Committee
Reports have repeatedly suggested that Tether worth billions of dollars has been laundered following pig butchering and sextortion scams — and it's a problem getting worse, not better.
The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April.
Bybit maintains strong reserve ratios, with BTC reserves at 107% and USDT at 103%, showcasing its financial stability.
Whale Alert, a platform known for tracking large cryptocurrency transactions, reported Tether's minting of $1 billion USDT from its treasury reserves. This news sent shockwaves through the market, triggering immediate reactions from investors and analysts alike.
This week's Crypto Biz also explores Tether's new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
Stablecoin issuer Tether CEO Paolo Ardoino has urged increased investment in decentralized peer-to-peer technologies after a global IT outage today, July 19. CryptoSlate reported that a significant technical issue with CrowdStrike's centralized software led to a global outage affecting many sectors.
Cryptocurrency exchange Bybit has released the twelfth proof of reserve, featuring a 17.8% increase in USDT holdings.
Binance Futures announces a Mock Copy Trading competition, offering 30,000 USDT in rewards. Participants can join from July 19 to August 1, 2024.
USDC's growing role in DeFi could reshape the stablecoin market, potentially driving innovation and diversifying use cases beyond trading pairs. The post USDC gains ground in DeFi as competition with USDT intensifies: Keyrock report appeared first on Crypto Briefing.
TL;DR BIS Targets Stablecoins: The Bank for International Settlements (BIS) has issued amendments to its crypto asset standards, focusing on stablecoins like USDT and USDC. Regulatory Preferences: Stablecoins on permissioned blockchains will receive favorable regulatory treatment, while those on permissionless blockchains face stricter scrutiny.
BingX, one of the leading cryptocurrency trading platforms, is offering an extraordinary promotion for new users. Founded in 2018 and now boasting over 10 million users, the platform has gained a reputation for empowering traders across the globe. Now, they are gearing up to onboard a new wave of crypto users with an exciting promo that will run for a limited time only.
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.
After a downtown, crypto is facing another terror called regulatory interference. The Bank of International Settlements (BIS) has issued new guidance tightening criteria for stablecoins, specifically targeting those issued on permissionless blockchains like Tether's USDT and Circle's USDC. This move could impose significant restrictions on these widely used stablecoins.
Market participants ignored Tether's explanation, fueling a surge in Bitcoin's price to $65,254, up from $60,200 on the day of the minting.
All stablecoins issued on the permissionless blockchains such as Tether's USDT and Circle's USDC face the danger of major regulatory wrath ahead as the Bank of International Settlements (BIS) has issued new guidance tightening its criteria over permissionless stablecoins. BIS Targets Stablecoins like USDT and others On Wednesday, July 17, the Basel Committee on Banking
Tether Treasury has recently minted 1 billion USDT on the Tron Network, marking another milestone in its year-long pattern of large-scale stable coin issuance. This latest event, occurring approximately ten hours ago, follows a similar minting just 30 days earlier and adds to the 31 billion USDT injected into the market over the past year.
A notable transfer of around $246 million in Tether (USDT) poured into the crypto industry by market-moving players, according to latest data by Lookonchain. Cumberland deposited the USDT amount received from Tether Treasury into exchanges Coinbase, Kraken, and OKX. While details about the series of transactions remain vague, their effect on market liquidity remains unquestionable.
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion.
Tether's recent minting of 1 billion USDT on the Tron blockchain suggests potential market shifts on the horizon.
Tether, the issuer of the world's largest stablecoin, has appointed Phillip Gradwell as the new Head of Economics. Gradwell joins the company amid a lawsuit alleging market manipulation involving USDT.
Will the allegations against Tether and Bitfinex impact USDT's credibility?
Another lawsuit has been filed against the Tether stablecoin issuer and the Bitfinex crypto exchange.
