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            news
            The stablecoin tether (USDT) has been ordered to provide evidence of its one-to-one backing to the US dollar in what it described as a “baseless lawsuit”.
            Tether will undergo an audit from one of the top 12 consulting firms, but not the one from the big four as they are concerned about reputational risk, due to the lack of regulatory definitions around stablecoins, Tether's CTO Paolo Ardoino told Euromoney. In an interview, the Tether CTO said: Read more at https://ihodl.com/topnews/2022-06-20/tethers-ardoino-says-no-audit-big-four-over-reputational-risk/
            Tether CTO Paolo Ardoino has reiterated the stablecoin issuer’s stance that its operations, products and portfolio is indeed as strong as ever.
            Stablecoin issuer Tether has added Britannia Bank & Trust, a privately-held bank operating in the Bahamas, to process dollar transfers, according to people familiar with the matter.
            Tether’s move to block 32 addresses linked to “illicit activity” sees its total-frozen rise to a staggering $835 million.
            Tether said July 1 that it is further reducing its commercial paper portfolio. This latest reduction will the stablecoin issuer’s commercial paper assets drop to a low of $3.5 billion from its current holdings of $8.4 billion, after $5 billion of these holdings expire on July 31.
            Following the infamous crash of Terra’s algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to the currency they represent.
            Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.
            The U.S. dollar-pegged stablecoin issued by Tether, USDT, has been rising in popularity in Lebanon amid rising inflation that has made access to foreign exchange from traditional channels difficult.
            Cryptocurrency exchange Bitfinex and stablecoin issuer Tether USDT/USD have partnered with open-source protocol Hypercore to launch a video calling application, Keet, which also allows audio, text and file exchanges between users and supports Bitcoin Lightning and USDT payments.
            Tether, the company behind the widely used stablecoin, has recently announced its increased presence in Georgia through an investment in CityPay.io. This investment is a significant milestone for the payment processing industry as Tether becomes the first stablecoin to invest in CityPay.io, a leading payment processing company operating in over 600 locations across the country.
            The latest crypto market rout has led to heightened anxiety among investors, accompanied by layoffs at Coinbase and other big industry players. Now fresh signs ar...
            In a swift and proactive move aimed at safeguarding its financial stability, Tether, the issuer of the renowned USDT stablecoin, has substantially lessened its ties with the banking sector. As a result, the company pulled out a staggering $4.8 billion from bank deposits in the initial quarter of 2023, which undoubtedly sent ripples across the financial landscape.
            Among crypto-focused hedge funds, USDT stablecoin shorting is on the rise amid negative market sentiment and the collapse of the Terra ecosystem. This was reported by The Wall Street Journal.
            If you’ve made any crypto transactions before, chances are good that you’ve used Tether USDT. In fact, you could have used it while not knowing what it is in the first place. If that’s true, then this article is perfect for you. Read on!
            Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased.
            Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.
            Stablecoin issuer Tether today announced that its flagship stablecoin, USDT, is now live on Near, a layer 1 blockchain network that focuses on usability among developers and users.
            Tether, the issuer of the USDT stable coin, has made waves in the cryptocurrency market with its purchase of 8,888 Bitcoin during Q1 2025. This acquisition, valued at $735 million, reflects Tether’s commitment to strengthening its reserves and diversifying its holdings.
            The crypto market implosion that happened in May resulted in loss of billions of dollars of the investors and brought the crypto market down below $ 1 trillion. C...
            general news
            Canary Capital has taken a bold step in the crypto investment space by filing the first U.S. spot exchange-traded fund (ETF) proposal for Tron’s native token, TRX, that includes staking rewards. This new product, named the Canary Staked TRX ETF, aims to give investors direct exposure to TRX’s price while also offering passive income through staking rewards.
            Braden John Karony, the former CEO of SafeMoon, is set to face trial on serious fraud charges starting May 5, 2025. This case unfolds at a time when U.S. authorities are rethinking how they regulate and prosecute cryptocurrency activities.
            In a groundbreaking move, NVIDIA and Hedera have announced a strategic partnership that brings together the power of artificial intelligence (AI) and blockchain technology. This collaboration aims to revolutionize the way AI systems operate by ensuring data integrity, transparency, and trustworthiness. Here’s a closer look at this innovative partnership and its potential impact on the future of AI.
            The Bank for International Settlements (BIS), often called the “central bank for central banks,” has taken a cautious and critical stance on cryptocurrencies and decentralized finance (DeFi). As crypto markets grow, BIS warns about the risks these digital assets pose to the traditional financial system and questions their ability to replace money as we know it.
            The escalating trade war between China and the United States has taken a new turn. China recently imposed tariffs and restrictions targeting U.S. defense companies, marking a significant escalation in the ongoing economic and geopolitical conflict. These measures are set to reshape the global defense industry, creating ripple effects across supply chains, costs, and international relations.
            Gary Gensler, the former chair of the U.S. Securities and Exchange Commission (SEC), has embraced a Bitcoin maximalist position in his first interview since leaving the SEC in January 2025. He praised Bitcoin’s strength and dismissed most other cryptocurrencies as speculative and lacking real value.
            The world of artificial intelligence (AI) is on the threshold of a significant transformation, driven by the innovative partnership between NVIDIA and Hedera. This collaboration combines the power of NVIDIA’s cutting-edge AI technologies with Hedera’s pioneering blockchain solutions, promising to revolutionize how AI systems operate and interact with data. Let’s explore how this partnership is poised to influence future AI advancements.
            A Brazilian federal court handed down heavy prison sentences to the masterminds behind Braiscompany, a massive crypto Ponzi scheme that defrauded more than 20,000 investors out of approximately $190 million. The case stands as one of Brazil’s largest convictions related to cryptocurrency fraud.
            Shiba Inu (SHIB) has been turning heads with an aggressive push to burn tokens. These efforts aim to reduce supply, driving excitement across the crypto community. Burn rates have reached astonishing levels, often surging by thousands of percent in a single day. Let’s explore the key developments, drivers, and impacts of these burns on the token’s value.
            Abraxas Capital Management, a London-based investment firm founded in 2002 by Fabio Frontini, has quietly become a major player in the world of cryptocurrency. Managing over $3 billion in assets, Abraxas is now making headlines for its recent large-scale Bitcoin purchases. Let’s explore what this means for the crypto market and why their moves matter.
            In a bold step towards solidifying its position in the financial sector, Ripple has announced the purchase of Hidden Road, a major prime brokerage firm, for a significant $1.25 billion. This move is Ripple’s largest acquisition to date and marks a significant shift in the company’s strategy, aiming to bridge the gap between traditional finance and the digital asset industry.
            The cryptocurrency market is buzzing with the integration of RLUSD, a new stablecoin, into the Ripple ecosystem. This development has sparked intense speculation about how it might affect the price of XRP, one of the world’s most prominent cryptocurrencies. In this article, we will delve into the potential impacts of RLUSD on XRP’s market dynamics.
            In 2024, XRP Became the top altcoin choice for crypto buyers in Latin America, outpacing Ethereum (ETH) and Solana (SOL). Data from Bitso, one of the region’s largest crypto exchanges, shows XRP accounts for 9% of all crypto purchases, while ETH and SOL trail behind at 5% and 4%, respectively.
            Bitcoin whales have accumulated over 53,600 BTC since late March 2025, despite recent market volatility and price corrections. These large holders, controlling about 67.77% of Bitcoin’s total supply, continue to buy, signaling strong long-term confidence in Bitcoin’s future
            In recent months, the U.S. has seen significant movement in legislation related to stablecoins, with both the GENIUS Act and the STABLE Act making substantial progress through Congress. These bills aim to establish a comprehensive regulatory framework for stablecoins, which could revolutionize the financial landscape by providing clarity and oversight for these digital assets.
            Chainlink ( LINK ) is currently trading at $12.23 , reflecting a 3.06% decrease from the previous day and a 9.9% decline year-over-year. ​
            The Solana Game Pass NFT is making waves in the Web3 gaming world. It’s a free NFT that opens doors to exciting Solana-based games and offers the chance to earn real crypto rewards. If you’re curious about how to get in on this, here’s what you need to know.
            Robert Kiyosaki, author of Rich Dad Poor Dad, is making headlines again with his bold prediction: Bitcoin will surpass $1 million by 2035. He also forecasts gold reaching $30,000 per ounce and silver climbing to $3,000 per ounce. These predictions come as he warns of a looming “Greater Depression” driven by record U.S. debt, rising unemployment, and shrinking retirement savings.
            Ripple is making a bold move in Asia by launching the region’s first XRP investment product. Partnering with HashKey Capital , Ripple introduces the HashKey XRP Tracker Fund, designed to give institutional investors a simple, regulated way to invest in XRP without owning or managing the cryptocurrency directly.
            Arizona is making headlines with its groundbreaking approach to cryptocurrency. The state has passed SB 1373, a bill to create a state-managed cryptocurrency reserve fund using public treasury funds. This Strategic Digital Assets Reserve Fund will include Bitcoin, stablecoins, NFTs, and other digital assets seized through criminal proceedings or appropriated by the legislature. Alongside SB 1373, Arizona is also considering SB 1025, the Arizona Strategic Bitcoin Reserve Act, which focuses specifically on Bitcoin investments. Both bills have passed key legislative committees and are awaiting final votes.
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