Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared United States dollar-based stablecoin Tether as an official currency …
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Tether’s $68B backing is being doubted as new reports set out to uncover truth behind USDT
Tether (USDT), the largest stablecoin cryptocurrency, has received a lot of bad publicity recently. Allegations have again emerged that the reserves of the stablecoin, which are supposed to be backed …
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Tether issues another 1 billion USDT tokens: supply will grow by 200% in 2021
The news which was first announced by Whale Alert, a tracker of large transactions, confirmed that, on Monday, August 9th, the leading stablecoin minted 1 billion USDT tokens and sent them …
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Tether unveils reserves and backing for its USDT stablecoin in new report
To assuage critics and to abide by a legal settlement, Tether Holdings Limited, the issuer of the world’s largest stablecoin USDT, has released a report by an independent accountant, which found …
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Tether whales move 374,000,000 in crypto, analyst predicts big run on the horizon
Crypto whales moved hundreds of millions of dollars worth of Tether (USDT) on and off exchanges over the weekend as Bitcoin soared to its highest prices in more than a …
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The volume of cryptocurrency transactions in India soars by 30% in a year; BTC, XRP, and TRX most popular
Amid a massive crypto bull run that saw the price of Bitcoin increasing by over 400 percent within a year, cryptocurrency transactions in India soared by 30 percent since March 2020, Business Line reports. Bitcoin …
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Tether Hit With 500 Bitcoin Ransom Demand But Says It Won’t Pay
Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to a specified address. As revealed by the …
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Bitcoin’s tail risk could be ‘sudden loss of confidence’ in Tether
A serious risk to bitcoin could be a “sudden loss of confidence” in Tether (USDT) stablecoin, according to JPMorgan analysts. In a comprehensive, 86-page report published Thursday, JPMorgan analysts, led …
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