Tether

Numerous cryptocurrency trading hedge funds have opened major short positions on Tether (CRYPTO: USDT). What Happened: According to CoinDesk, digital currency broker Genesis stated that following Terra’s (CRYPTO: LUNA) downfall due to UST’s (CRYPTO: UST) de-peg, numerous short positions...

Solend (CRYPTO: SLND), a decentralized finance (DeFi) lending and borrowing platform, recently highlighted the scarce decentralization most such projects face, as it tried to defuse a ticking bomb that might wreck Solana's (CRYPTO: SOL) DeFi ecosystem and its liquidity. What...

Tether (CRYPTO: USDT) is launching the pound-pegged stablecoin GBPT (CRYPTO: GBPT), following on the heels of its peso-pegged stablecoin. What Happened: The stablecoin is set to join the markets in July on the Ethereum (CRYPTO: ETH) blockchain. Tether endeavors to maintain a 1-to-1 ...

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations. What Happened: Given the sharp fall in cryptocurrency prices, lending firm Celsius posted a total of 7,206 WBTC (CRYPTO: WBTC) as collateral to reduce its liquidation...

Investors recently sold over $1.6 billion of Tether (CRYPTO: USDT), dropping its market capitalization to $70 billion. What Happened: On the heels of a cryptocurrency crash, Tether saw an outflow of $1.6 billion of funds. This capital pull-out coincided with the recent crash of Terra’s...

A new report by the Federal Trade Commission suggests that more than 46,000 people reported losing over $1 billion in payment scams involving cryptocurrencies since the start of 2021.  The top cryptocurrencies people said they used to pay scammers were Bitcoin (CRYPTO: BTC) which accounted for...

Market-wide panic ensued after Tether (CRYPTO: USDT) – the largest stablecoin by market cap – began losing its peg to the U.S. dollar. What Happened: According to data from Benzinga Pro, USDT fell to an all-time low of $0.948 across major exchanges like Coinbase Global Inc (NASDAQ...

The largest Ethereum (CRYPTO: ETH) wallets appeared to be loading up on stablecoins on Thursday. What Happened: According to data from WhaleStats, Ethereum whales bought an average of $2.1 million worth of USD Coin (CRYPTO: USDC) and $1.3 million worth of Tether (CRYPTO: USDT) in the last 24 hours...

Major cryptocurrency exchange Binance said on Tuesday it would distribute $100,000 worth of Shiba Inu (CRYPTO: SHIB) tokens to new users as part of a new promotional strategy. What Happened: Binance said it will extend a “limited-time welcome offer” to new...

On Sunday, Russian forces continue their attack, pounding Ukrainian cities with artillery and cruise missiles for the fourth day running.  But Ukrainian forces secured full control of Kharkiv following street fighting with Russian troops in the country's second-largest city Ukraine...

A new online-only restaurant launched in Dubai offers a take on the meme cryptocurrency Dogecoin (CRYPTO: DOGE) with themed food items, packaging and the ability for users to pay for orders with cryptocurrency. What Happened: Doge Burger is a new virtual restaurant in Dubai, the most populous...

This article was originally published on Gokhshtein Media and appears here with permission. When people hear the word “cryptocurrency,” you can often assume their mind goes directly to the term “Bitcoin.” It’s a safe assumption given that Bitcoin has gained the highest...

USD Coin (USDC) has emerged as the most popular stablecoin on the Ethereum (CRYPTO: ETH) ecosystem.  What Happened: USD Coin, managed by the Centre consortium — which was founded by Circle and includes members such as Binance and Coinbase Global Inc (NYSE: COIN) — has...

The U.S. Commodity Futures Trading Commission (CFTC) hit crypto exchange Bitfinex and Tether — the firm behind the stablecoin Tether (CRYPTO: USDT) — for violations of the Commodity Exchange Act, or CEA, and of a prior CFTC order. What Happened: According to a Friday...

Terrorist organization Hamas owns at least $7.7 million in cryptocurrencies, including meme cryptocurrency Dogecoin (CRYPTO: DOGE), according to a seizure order issued by Israel. What Happened: Israel’s National Bureau for Counter Terror Financing issued the seizure order against 84...