Chinese police arrest 21 in $55M Tether money laundering case
A group of Chinese suspects have confessed to operating a Tether (USDT) money laundering ring across the country, local news reports.
Results for Crypto, Tether
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Hong Kong crypto scam victim lost $128K after visiting fake shop
The victim says she was handed a bundle of fake notes in return for $128k in tether while the shop's 'owner' fled through a back door.
Tether bought commercial paper from subsidiary of alleged terrorist-linked bank
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
Here’s what new Tether documents reveal about its reserves
Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.
Tether invests in energy production in Uruguay to mine bitcoin
Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.
— Crypto, Stablecoin
Stablecoin market cap dips to lowest levels in nearly two years
Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.
Tether to spend profits on growing its mysterious bitcoin reserves
As of March, Tether's $1.5B in bitcoin was triple the amount of cash in its reserves. This change will likely exacerbate that difference.
— Tether
Tether attestation shows stacks of US treasury bills, more gold than bitcoin
Tether revealed a Q1 2023 attestation on Wednesday. Tether’s surplus is up, while cash and bank deposits have plummeted.
Hong Kong architect loses millions trading Tether, crypto on scam site
The Hong Kong-based architect made 65 transactions on a fake crypto website that showed inflated and manipulated Tether prices.
Tether no longer has to submit attestations. Will anybody miss them?
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?