More tricks than treats in Tether’s Q3 attestation; Circle shuts USDC consumer accounts
Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’ on September 30.
Latest Tether News
Taiwan police say 320 million Tether money laundering case is a new record
40-year-old Qiu, who claims to be a water merchant, is said to have received funds from groups involved in criminal acts, exchanging them for Tether before selling it to other parties for cash.
Terror ties lead Congress to demand ‘swift action’ against Binance, Tether
As charges are being mulled, U.S. politicians argue that while 'crypto' remains a small part of the overall financing, terrorists now know how they can leverage this to spread their ideology.
Bitcoin ETFs—downside risk ahead!
Many in the so-called "crypto" industry herald the coming of spot ETFs as the 'opening of the BTC floodgates' to the average investor, practically assuring the jump in BTC price as a result.
Tether’s transparently phony transparency v. Justin Sun’s stable self-hacking
Years dragged on and a change in leadership took place, but Tether still couldn't provide the transparency in its reserves, which, today, continues to be imaginary.
Coinbase frets as US pols seek new weapons to fight ‘crypto’ terror financing
Digital asset exchange Coinbase issued a blog post on October 17 emphasizing its commitment to “rooting out bad actors seeking to use crypto for illicit purposes.”
Tether hates terrorism, less concerned about human slavery
Tether's claim to fight terrorism financing tied to digital assets contradicts the current state of its USDT stablecoin, which remains a popular funding option for terror groups.
Canadian securities watchdog eases its stablecoin ban
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
Tether reneges on halting loans to ‘crypto’ deadbeats, seals mega AI deal
Tether is coming under fire for reneging on its promise to eliminate third-party loans while also making a nearly half-billion-dollar investment in an artificial intelligence/BTC mining operation.
Tether’s alleged T-bill stash could prove its Achilles heel when DoJ pounces
Tether CTO Paolo Ardoino declared that Tether's "exposure in" T-bills has hit $72.5 billion, up from a mere $55.8 billion that Tether claimed to possess at the end of June.
Tether gets new banker, Binance boots BUSD, Justin Sun pumps BTC
In the latest developments in the "crypto" space, Tether's secret banking ties are put on the spotlight after partnering with Britannia Bank & Trust, while Binance ceases support for BUSD products.
Binance tempts fate by helping Russia dodge economic sanctions
Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged for mainstream fiat currencies, according to a Wall Street Journal report.