New Tether FUD? World’s Largest Stablecoin Held Chinese Securities in Reserves

In what was already a turbulent week for Tether, new documents from the New York Attorney General's office suggest that the issuer held Chinese securities in its reserves. The post New Tether FUD? World’s Largest Stablecoin Held Chinese Securities in Reserves appeared first on BeInCrypto. дальше »

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Tether Shares Details of Its Collaboration With NYAG, Dismisses 'China Stocks' FUD

Tether Limited, issuer of largest stablecoin USDT, explains how it collaborates with New York Attorney General's Office and reveals actual role China commercial paper played in its reserves дальше »

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Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request. дальше »

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Litecoin Price Outlook: Miners vs. Bears in Battle for Control

As the next Litecoin halving event draws closer, LTC miners are increasing their reserves. Can they inspire confidence across the network? The post Litecoin Price Outlook: Miners vs. дальше »

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MakerDAO votes to decrease GUSD held in DAI stablecoin reserve

MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve to $110M. дальше »

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Uniswap moves from strength to strength; UNI reacts by...

UNI reserves on exchanges reached new highs.  Decline in whale interest, falling MVRV ratio, and reduced user activity raised concerns about UNI's performance. Uniswap's [UNI] reserves on eThe post Uniswap moves from strength to strength; UNI reacts by... appeared first on AMBCrypto. дальше »

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On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals

Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements are not significant compared to previous episodes or average daily outflows Bitcoin saw even less withdrawals, negligible amounts withdrawn from each exchange Coinbase’s lawsuit presents […] The post On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals appeared first on CoinJournal. дальше »

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Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline

The unprecedented withdrawals only reflect a small amount of Binance's reserves, according to data from CryptoQuant. дальше »

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Hong Kong-based First Digital launches new USD-backed stablecoin

First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated financial institutions. дальше »

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MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves

The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s $1 billion supply. New York state regulators in February forced Paxos to halt minting Binance USD (BUSD) stablecoin. дальше »

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Bitcoin miners lament falling fees, but debt ceiling negotiations cut 30% tax

Key Takeaways A proposed 30% tax on crypto mining appears to have been cut as part of US debt ceiling negotiations  Decision a win for crypto miners, who are struggling amid rising hash rate and increased electricity costs  Miners also held onto Bitcoin reserves through pandemic bull market, a mistake which proved fateful When you […] The post Bitcoin miners lament falling fees, but debt ceiling negotiations cut 30% tax appeared first on CoinJournal. дальше »

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Bitcoin: A June recovery while BRC-20 runs out of steam?

Bitcoin ordinals hype cools off resulting in a miner revenue slowdown. Assessing the potential for a BTC rally as miner reserves surge. The Bitcoin community had mixed feelings about the recThe post Bitcoin: A June recovery while BRC-20 runs out of steam? appeared first on AMBCrypto. дальше »

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Circle launches euro-based stablecoin on Avalanche blockchain

Circle launched EUROC last year as a regulated stablecoin, which means that each token is fully backed by euro reserves held at United States-regulated financial institutions. дальше »

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MakerDAO treasury reserves overtake Lido, but what's stopping its ascent

MakerDAO's treasury reserves overtook Lido and other protocols. However, Lido continued to outperform MakerDAO in other areas. Over the last few months, MakerDAO lost the top position in terThe post MakerDAO treasury reserves overtake Lido, but what's stopping its ascent appeared first on AMBCrypto. дальше »

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Texas Votes to Require Exchanges’ Proof of Reserves; Next Stop Governor’s Desk

Texas is set to become the first state in the United States to pass a bill requiring digital asset service providers, such as crypto exchanges, to maintain proof of reserves.... дальше »

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Bitcoin outlook: BTC poised for increased selling momentum amid miner outflows

The Twitter crypto community observed the latest Bitcoin (BTC) miner movements on 19 May. Cryptoquant tweeted about the decreasing Bitcoin miner reserves, suggesting upcoming selling momentum from miners. дальше »

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Gala Games Burns $637M in GALA Tokens to Secure Community Trust

Gala Games has taken a brave step by burning nearly 21 billion GALA tokens, valued at over $637 million, following the completion of its V2 token airdrop. This substantial reduction in Gala Games’ reserves aims to alleviate worries about a potential “dump and exit” event. дальше »

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Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases

Tether, the company managing the reserves of the world’s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly. дальше »

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USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said. дальше »

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Tether shifts investment focus to Bitcoin

Tether International Limited (Tether), the leading manager of the popular stablecoin, has unveiled a new investment strategy to bolster its reserves portfolio. дальше »

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USDT Issuer Tether to Enhance Reserves via Regular Bitcoin Purchase

Coinspeaker USDT Issuer Tether to Enhance Reserves via Regular Bitcoin Purchase Stablecoin issuer Tether has announced plans to purchase Bitcoin with 15% of realized operating profits routinely. дальше »

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Tether (USDT) Plans to Boost Its $1.5 Billion Bitcoin (BTC) Holdings

Tether set to increase its Bitcoin (BTC) reserves дальше »

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Tether to allocate 15% of its profits to purchase Bitcoin

The latest Tether news is that the company behind the leading stablecoin in the market USDT, is looking to allocate a portion of its profits towards the purchase of Bitcoin. The “investment strategy [is] aimed at further strengthening its reserves portfolio,” Tether said in a press release published on Wednesday. дальше »

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Tether USDT to strengthen reserves with Bitcoin purchase

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate. дальше »

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Bitcoin’s Secret Weapon: How Tether Investment Could Prop Up a New Rally

Tether, the issuer of the world’s largest stablecoin, has announced plans to allocate a significant portion of its profits to invest in bitcoin. This move comes as Tether aims to reinforce its position as a stablecoin leader and diversify its reserves away from U. дальше »

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Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits

The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings. дальше »

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Hundreds of Millions of DOGE Dumped as Dogecoin Miners Cash Out

Dogecoin miners' reserves plummet by 240 million DOGE in just two months дальше »

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Bitcoin Miners Continue To Sell, Bearish Sign?

On-chain data shows that Bitcoin miners have continued to sell recently, something that could be bearish for the cryptocurrency’s price. Bitcoin Miners Have Been Shedding Their Reserves Recently As pointed out by an analyst in a CryptoQuant post, there has been some intense pressure from miners in recent days. дальше »

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Tether Holds $3.4 Billion In Gold Reserves, Nears ATH Market Cap 1 Year Post Terra Collapse

Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable dollar peg and boasts one of the deepest reserves in the cryptocurrency industry. дальше »

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Tether Leveraged Fed Policy to Buy $1.5B in Bitcoin

Tether bought over 52,000 Bitcoin using excess reserves in Q1 2023.

The post Tether Leveraged Fed Policy to Buy $1.5B in Bitcoin appeared first on BeInCrypto.

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Circle's risk-averse moves and adjusted reserves could do this for USDC

Circle makes risk-averse moves regarding its treasury. Despite high collateralization, overall sentiment remains negative. USDC's dominance in the DeFi market begins to slow down, and market caThe post Circle's risk-averse moves and adjusted reserves could do this for USDC appeared first on AMBCrypto. дальше »

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As Tether's Q1 profit more than doubles, USDT scripts a winning story in 2023

About 85% of the company's reserves were held in cash, cash equivalents, and other short-term deposits. USDT's circulating supply increased by 24% on a year-to-date basis. Leading stablecoinThe post As Tether's Q1 profit more than doubles, USDT scripts a winning story in 2023 appeared first on AMBCrypto. дальше »

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“A Mammoth House Of Cards”: Former SEC Official Blasts Stablecoin Tether

One former SEC official has denounced the stablecoin Tether as a “mammoth house of cards” in light of patterns of behavior that raise concerns about its reserves and reporting. The post “A Mammoth House Of Cards”: Former SEC Official Blasts Stablecoin Tether appeared first on BeInCrypto. дальше »

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Circle Adjusting Its USDC Reserves for Avoiding US Default Risks

Coinspeaker Circle Adjusting Its USDC Reserves for Avoiding US Default Risks Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i. дальше »

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Stablecoin Issuer Tether Unveils Strong Q1 2023 Numbers with BTC and Gold Reserves

Coinspeaker Stablecoin Issuer Tether Unveils Strong Q1 2023 Numbers with BTC and Gold Reserves Tether continues to dominate the stablecoin market with a market cap of over $82 billion and is currently the third-largest cryptocurrency by market cap. дальше »

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Tether Reports All-Time High in USDT Stablecoin Reserves Surplus

The world’s leading stablecoin issuer Tether claims that its excess USDT reserves have reached an all-time high. The post Tether Reports All-Time High in USDT Stablecoin Reserves Surplus appeared first on BeInCrypto. дальше »

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Circle reportedly adjusts USDC reserves to avoid US default risk

The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

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Binance, Coinbase Bitcoin Reserves Fast-Dropping, Is This Bullish?

According to CryptoQuant’s data on May 10, Bitcoin reserves in centralized exchanges such as Binance and Coinbase experienced a significant decline in Q4 2022. The reserves remained stable in April despite the prices soaring from $20,000 to $31,000 during that period. дальше »

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Circle reserves no longer contain US Treasuries that mature after June

Circle CEO Jeremy Allaire said in a statement to Politico on May 10 that his stablecoin firm no longer holds long-term U. S. Treasuries. Specifically, Circle does not hold Treasuries that mature later than June 2023. дальше »

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Tether has $1.5B in Bitcoin reserves: BDO Italia

The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

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Tether Smashes Records, $1.48 Billion Profit In Q1- Surplus Over Reserves Hits All-Time High

Tether Holdings Limited, the issuer of the world’s largest stablecoin, USDT, has published its Q1 2023 Assurance Report, attested to by BDO Italia, a top five-ranked global independent public accounting firm. дальше »

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Tether’s Q1 2023 assurance report shows a reserves surplus at $2.44B all-time high

Tether Holdings Limited has today published its Q1, 2023 assurance report reaffirming the accuracy of Tether’s Consolidated Reserves Report (CPR). Among other things, the report shows that the company’s consolidated assets exceed its consolidated liabilities. дальше »

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Tether’s Q1 2023 report states record $2.44b reserve surplus and $1.48b net profit

Tether Holdings Limited's latest Q1 2023 assurance report, completed by global independent public accounting firm BDO Italia, reveals an all-time high of $2.44 billion in excess reserves, up $1.48 billion from the previous quarter.  дальше »

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Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves

The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals. дальше »

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Tether attestation shows $1.5B worth of Bitcoin in reserves

Stablecoin issuer Tether (USDT) said it holds $1. 5 billion worth of Bitcoin (BTC) in its reserves — equating to 2% of its total reserves. The stablecoin issuer further revealed that it held $3. 39 billion in precious metals like gold. дальше »

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Whale burns $405m TUSD, critics suspect price manipulation attempt

On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin's $2.51b reserves, on Tron (TRX) дальше »

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Bitcoin [BTC] staring at an uncertain future in the U.S? New data affirms...

Despite a decline across all exchanges, the fall in reserves appears to be more significant on U. S. exchanges. With macro uncertainty looming, investors shied away from taking bullish bets on BThe post Bitcoin [BTC] staring at an uncertain future in the U. дальше »

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Bitcoin miner reserves drop by $58m in four days 

On-chain data shows that bitcoin miners’ BTC reserves have dropped significantly in the past four days, with miners selling over 2,000 BTC worth $58 million. According to CryptoQuant on-chain data posted on Twitter by crypto sleuth @ali_charts, bitcoin miners have… дальше »

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Will USDC succeed amidst Circle's efforts to revamp? What the data suggests

Circle maintained strong reserves to back USDC despite market volatility. USDC's marketcap continued to decline.  USDC Coin [USDC] was the stablecoin that faced the most issues, as its SiliThe post Will USDC succeed amidst Circle's efforts to revamp? What the data suggests appeared first on AMBCrypto. дальше »

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EU banking regulator suggests the following to reduce risk in crypto sector

The European Banking Authority Chair emphasized the diversification of stablecoin reserves for robust risk management. He also stated that while the EU's MiCA regulations would take effect in 2The post EU banking regulator suggests the following to reduce risk in crypto sector appeared first on AMBCrypto. дальше »

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