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Tether Continues to Prove Provision Strength, Reveals $700 Million Profit for Q4 2022 in Latest Proof Report Tether Holdings Limited today published an Assurance Opinion dated December 31, 2022, completed by BDO, a top five independent accounting firm in the world. This certification reaffirms the accuracy of Tether’s Consolidated Reserve Report (CRR), which reports the breakdown of assets held by the Group as of December 31, 2022. In addition to reducing collateralized loans as promised, CRR indicates Tether will terminate in 2022. Commercial paper is zero, consolidated total assets are at least $67 billion, and excess reserves are at least…

Litecoin (LTC) price rose to a 14-day high of $88 on April 26th, and highly leveraged SHORT traders are now at risk of huge liquidation losses. Litecoin market cap increases by $195 million in 24 hours Crypto investors hedging against a post-halving crash this week saw prominent proof-of-work (PoW) coins such as BTC, DOGE, and BCH struggle to regain momentum. did. However, in an interesting development, Litecoin price bucked that trend on April 26, jumping 3% to a 14-day high of $88. The move increased LTC’s market capitalization by $195 million. Litecoin Price Movement | April 2024 | TradingView Zooming…

Tether makes strategic investment in Northern Data Group – set to become Europe’s largest independent AI player September 21, 2023: Tether, the company behind one of the world’s leading stablecoins, is pleased to announce a strategic investment in Northern Data Group through Damoon, a Tether Group company. Tether, which has a market capitalization of $83 billion, is expanding its reach beyond fintech following recent investments in energy production, Bitcoin mining and communications technology. As the world looks forward to endless opportunities from technological advances such as blockchain, generative AI, and scientific research, Northern Data Group is emerging as a true…

June 21, 2023 — Tether Operations Limited (Tether), a company operating a blockchain-enabled platform Tether The company, which provides the first and most widely used stablecoin, today announced that it has launched the Tether token (“USD₮”) pegged to the U.S. dollar on Kava, a layer 1 blockchain designed for scalability and speed. announced that it would start. Founded in 2018, the Kava network uses a cochain design that combines the flexibility of Ethereum virtual machines with the speed, low transaction fees, and interoperability of Cosmos’ software development kit, one of the largest organic networks. It stands out by being built…

Ethereum is approaching one of the most important moments in blockchain history as it prepares to transition from POW to POS. Tether believes that to avoid disruption to the community, especially when using the tokens in DeFi projects and platforms, it is important that the transition to POS is not weaponized to cause disruption and damage within the ecosystem. Masu. For this reason, Tether will closely monitor the progress and preparations for this event and will support POS Ethereum in line with the official schedule. We believe a smooth transition is essential for the long-term health of the DeFi ecosystem…

April 19, 2024 — Tether Operations Limited (Tether), the largest digital asset company, today announced the launch of the U.S. dollar-pegged Tether token (“USD₮”) and the gold-backed digital token Tether Gold (XAU₮). ) was announced to be released. Tokens on the Open Network (TON). This development marks a significant expansion of Tether’s presence, bringing its reach to a total of 15 blockchains. TON blockchain works with Telegram. This means that USD₮ on TON and soon XAU₮ have the potential to offer a simple, borderless peer-to-peer (P2P) payment experience to Telegram’s user base, which Telegram estimates to be over 900 million…

Coinbase Derivatives became the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, launching earlier this month and going strong. Bitcoin Cash and Litecoin contracts will launch on April 1st, and Dogecoin futures will launch later this month. These contracts will be made available for trading through our broker and FCM partners. Coinbase Derivatives’ primary goal in launching new crypto futures contracts is to create a market that provides diversification, price discovery, risk management, and margin for retail traders. Since we launched futures contracts for Bitcoin Cash (BCH) and Litecoin (LTC), we have seen the market grow…

DUBAI, April 19 (Reuters) – Stablecoin Tether’s recent growth is driven not by demand for crypto trading, but by its use as a substitute for the U.S. dollar in emerging markets, says Tether. CEO Paolo Ardoino told Reuters on Friday.Tether issues a stablecoin, also known as Tether or USDT. It is designed to maintain a constant value of $1 and is widely used for trading between cryptocurrencies. It has grown rapidly in recent years, with more than $100 billion of Tether tokens in circulation in March. ” Over the past few years, we have seen the use of USDT change…

As Congress struggles to resolve big issues like funding for Ukraine and Israel, the debate over legislation to regulate stablecoins seems like small potatoes. But there is a connection, which is that stablecoins could have national security implications: Unless we strengthen their regulation, they could undermine our ability to use sanctions to advance our national interests. This was illustrated recently by news that Russian smugglers have used Tether, the largest stablecoin, to avoid Western sanctions and purchase billions of dollars worth of weapons. Stablecoins are a type of cryptocurrency that is far more useful as a means of payment than…

On-chain data shows that long-term Litecoin holders have hit a new record. These HODLers currently represent 62.5% of all LTC investors. Currently, there are over 5 million long-term holders of Litecoin. According to market intelligence platform data into the blockLTC Network recently reached a new milestone in terms of the number of long-term holders. “Long Term Holders” (LTH) here refer to Bitcoin investors who have held their Bitcoin for more than a year without moving or selling it. Note that IntoTheBlock chose this cutoff. Other analytics companies have LTH thresholds of 5-6 months. Statistically, the longer an investor holds a…