Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively
Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether’s net equity doubled to $14.2B, while it faces ongoing legal challenges. Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Q3 2024 Consolidated […]
Tether partners with RAK DAO to advance crypto education and adoption in UAE
The collaboration, solidified through the signing of a Memorandum of Understanding (MoU), marks a significant step towards fostering blockchain education and adoption in the region. Driving Crypto Adoption and Education In alignment with RAK DAO’s mission to promote web3 innovation and spur economic growth, Tether will collaborate closely to facilitate the integration of cryptocurrency payments […]
Tether now the seventh-largest Bitcoin (BTC) holder
Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B. Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC. Tether, the leading issuer of USDT, has emerged as the seventh-largest holder of Bitcoin […]
Bitcoin price prediction: BTC outlook after Silvergate and Tether news
Bitcoin price outlook after this week’s Silvergate and Tether news. BTC is hovering around $22,400 with key resistance near $23k amid a potential technical breakout to YTD highs. The $20k zone is a critical and psychological level for bulls. Bitcoin price remains constrained below $22,500 after posting a sharp decline on Friday following a combination […]
Tether and City of Lugano launch Plan Business Hub celebrating Plan’s anniversary
The Plan Initiative was launched on March 03, 2022. The main objective of the Plan was to scale Lugano’s blockchain capabilities. Tether and the City of Lugano have launched the Plan Business Hub to celebrate the first anniversary of the Plan. It is now a year since the Plan Initiative was launched in the city […]