Tether (USDT)

Major stablecoin issuer Tether has further reduced its commercial paper holdings to less than $50 million, with more than half of its backing in US Treasury Bills. The continuous reduction in Tether’s commercial debt holdings is in line with the firm’s plans revealed earlier in the year. In an update posted on Twitter on Monday (October 3, 2022), Tether CTO Paolo Ardoino announced that the company’s total US Treasury portfolio is currently at 58.1% as of September 2022. This...

In a two-year-old gaming app fraud case, the top Indian financial crime investigating agency has frozen 85.9 bitcoins, equivalent to $1.6 million, held in an account on Binance. Separately, it also froze WRX, the native coin of WazirX, and USDT together, worth nearly $550,000. Earlier this month, the agency raided several premises in Kolkata in this case and recovered Indian currency equivalent to $2.2 million. The accused in this estimated $8.5 million scam is 25-year-old...

INTERNET CITY, DUBAI, Sep. 29, 2022 – LBank Exchange, a global digital asset trading platform, has listed Storepay Coin (SPCFIN) on September 29, 2022. For all users of LBank Exchange, the SPCFIN/USDT trading pair is now officially available for trading. As a blockchain-based payment platform, Storepay bridges crypto with real-life application through ethical fintech services, enabling B2C and B2B users to Buy Now, Pay Later without any interest. Its native token...

INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, has listed LoopNetwork (LOOP) on September 28, 2022. For all users of LBank Exchange, the LOOP/USDT trading pair is now officially available for trading. As a super scalable blockchain supporting powerful DeFi platform, LoopNetwork (LOOP) opens the gate for users to take advantage of the fast transferring and trading, with key innovations including PoSA consensus and native...

INTERNET CITY, DUBAI, Sep. 29, 2022 – LBank Exchange, a global digital asset trading platform, has listed CHREMACOIN (CRMC) on September 29, 2022. For all users of LBank Exchange, the CRMC/USDT trading pair is now officially available for trading. Utilizing the power of blockchain technology, CHREMA provides a new type of metaverse platform for digital gold distribution service. Its native token CHREMACOIN (CRMC) has been listed on LBank Exchange at 7:00 UTC on September...

The buzz in the market is the Pound and the Euros fall to a new all-time low against the US dollar. 10 year gilt yields soared by 131 basis points in September. This bloodbath is being attributed to a number of macroeconomic factors, such as higher than expected CPI data and possibly the fastest Fed rate hike in 40 years which led to $432M in liquidations during the recent week. Even Ethereum slumped to $1295 after the merge. Investors’ faith was tested and then shredded...

INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, has listed G2 Token (G2TOKEN) on September 28, 2022. For all users of LBank Exchange, the G2TOKEN/USDT trading pair is now officially available for trading. As a gold-based, high-profit crypto asset, Global Gold Token (G2 Token) breaks new ground in the world with its amazing innovations, including its gold fund supported by the community, buyback guarantee, gold-based...

INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, has listed TEAM STORY YEON TOKEN (YEON) on September 28, 2022. For all users of LBank Exchange, the YEON/USDT trading pair is now officially available for trading. Utilizing the power of blockchain technology, the YEON project is here to build a decentralized metaverse ecosystem controlled by its users, and provide metaverse solutions for crypto trading. Its native token TEAM...

INTERNET CITY, DUBAI, Sep. 26, 2022 – LBank Exchange, a global digital asset trading platform, has listed Privateum (PRI) on September 26, 2022. For all users of LBank Exchange, the PRI/USDT trading pair is now officially available for trading at 12:00 UTC on September 26, 2022. Aiming to be the world’s first platform fully owned by its token holders, Privateum (PRI) creates the cooperation of the future with its unique and high-quality products, services, technological...

INTERNET CITY, DUBAI, Sep. 27, 2022 – LBank Exchange, a global digital asset trading platform, has listed CROS on September 27, 2022. For all users of LBank Exchange, the CROS/USDT trading pair is now officially available for trading. Leveraging the advanced technologies such as AI and blockchain, CRONUS helps its users to reach the top with its featured services including digital strategy, social media marketing, and AI based SEO. Its native token CROS has been listed...