Ethereum’s Largest Whales Quietly Accumulated $ETH to Seven-Year Record
The largest whales on the Ethereum ($ETH) network, meaning the largest addresses by cryptocurrency holdings that do not belong to cryptocurrency trading platforms, have been quietly accumulating Ether this year, to the point their holdings hit more than 25 million tokens.
Crypto Morning Briefing: Coinbase No Longer Accepts Payments via Silvergate Bank
Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO; Japanese Popular Manga Captain Tsubasa NFT Sale Starts on March 2, 2023; Elon Musk and Tesla Accepting Bitcoin 'Opened Door' for Adidas' Web3 Plans; Binance Resumes Terra Classic Burns, Incinerates 8.8B LUNC
Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO
The chief technology officer of Tether has said his company has no exposure to Silvergate, as companies across the crypto industry line up to distance themselves from the troubled bank.
Stablecoins From Tether Are Now on Bitget
Tether Gold (XAUT) and Euro Tether (EURT) are now available to users on the Bitget exchange.
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds were laundered via the TRX staking mechanism. Staking on Tron involves delegating TRX tokens to one of 27 Super Representatives, the network’s version of a validator node. Global Ledger said the fraudsters used the SunSwap exchange to get USDT for Tron in a certain wallet. They then used TRX for staking to verify their transactions and cover transaction fees, Global Ledger said. (Blockworks)
Tether Has Transferred Part of Its Reserves to the Management of a Wall Street Firm
The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.
The Evolution of Tether's Reserves
Tether will continue to fight for financial freedom and support projects and organizations which advance global freedom and financial inclusion in the emerging markets.
Tether Market Cap Nears $70B As SEC Crypto Crackdown Hurts Stablecoin Rivals
The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs.
Tether USDT Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
Tether’s USDT, the largest stablecoin by circulating supply, has gained some $1 billion in market capitalization as crypto investors flee rival Binance USD (BUSD), which fell under regulatory scrutiny earlier this week.
As BUSD Dies, Tether’s USDT Soaks Up Another $1 Billion
Stablecoin giant Tether saw its flagship token, USDT, grow by nearly $1 billion in the aftermath of a regulatory crackdown against one of its rivals, BUSD. The token’s market cap started out at $68.47 billion on Tuesday, before rocketing upwards to roughly $69.23 billion at about 9:10 a.m. EST, according to data from CoinMarketCap. (decrypt)
