Tether (USDT)

American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar (USD), will push BTC’s price to $220,000 in no distant time. In a Saturday tweet, Keiser said the USD is doomed because inflation will “sky harder,” while this happens, BTC will be well on its way to $220,000. The USD Is “F****d” In comments sent to CryptoPotato, Keiser explained that Tether’s stablecoin business is...

[unable to retrieve full-text content]CoinspeakerCrypto Investor Loses Over $100K in Phishing Scam, Raising Alarm on Cybersecurity The hacker carried out this act using a multi-call function, which allows multiple smart contracts to be executed in a single transaction. Crypto Investor Loses Over $100K in Phishing Scam, Raising Alarm on Cybersecurity

The Chinese police forces have burst a large underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). According to a report from local media house Weixin, the Public Security Bureau of Chengdu Municipal arrested 193 suspects linked to the case and froze 149 million yuan ($20.6 million) after raiding the operation’s location. A $1.9B Underground Banking Operation Investigations conducted by the...

[unable to retrieve full-text content]CoinspeakerBybit Returns 2% to Bybit Card Users via Cashback Campaign Bybit has announced a 2% cashback in USDT for all users, who spend crypto or fiat using the exchange's Bybit card. Bybit Returns 2% to Bybit Card Users via Cashback Campaign

[unable to retrieve full-text content]CoinspeakerTether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO The partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to empower individuals and businesses in the region to utilize the power of blockchain technology. Tether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO

[unable to retrieve full-text content]CoinspeakerBinance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT The announcement by Binance to stop supporting XRP could have some negative sentiment on the coin as various speculations about the possible reasons are expected to start flying. Binance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT

Tether CEO Paolo Ardoino has slammed Ripple chief executive Brad Garlinghouse for spreading fear, uncertainty, and doubt (FUD) about USDT, its largest stablecoin offering. In a Monday tweet, Ardoino outlined Tether’s efforts to sustain a global financial ecosystem while maintaining regulatory compliance by working with law enforcement agencies to combat criminals. Spreading FUD About USDT CryptoPotato reported earlier on Monday that Garlinghouse expressed concern over the...

[unable to retrieve full-text content]CoinspeakerTether CEO Takes Shots at Ripple Chief, Addressing FUD Spread by Garlinghouse Ardoino tackled Ripple's Garlinghouse for deliberately spreading FUD and praised Tether's efforts at ensuring USDT safety and compliance. Tether CEO Takes Shots at Ripple Chief, Addressing FUD Spread by Garlinghouse

Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States. Bitcoin traded for $63,400, at noon UTC on Friday, before plummeting below $61,000 over the next few hours. According to Coinglass, the volatility triggered $175 million in liquidations over the past 24 hours. The single largest liquidation took place on a Binance BTC/USDT trade for $3.56 million. Speaking at a...

The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far from being widely adopted for payments. Only 10% of Stablecoin Transactions Organic Visa, along with Allium Labs, has...