MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers. Go to Source
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Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market … Read more
Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K?
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price. Go to Source
Tether to double its workforce to 200 by mid-2025: Report
The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies. Go to Source
TON Climbs 10% Ahead of Binance Listing
The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset … Read more
Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm. Go to Source
Tether Posts $5.2 Billion Profit in First Half of 2024
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer … Read more
Tether reports record-breaking $5.2B profit in first half of 2024
Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments. Go to Source
Tether dominates with $113B post-SVB collapse — IntoTheBlock
Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard. Go to Source
Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum … Read more