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Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021. <p data-ct-non-breakable=”true”>Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald, has praised USDT stablecoin issuer Tether, describing himself as a “big fan” of the firm. “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep…
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023. Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on…
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in…
The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape. The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape. However, it also brought to light a critical challenge: price volatility. Bitcoin and many other early cryptocurrencies exhibited extreme price fluctuations,…
The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine. Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies. $873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen,…
On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer. An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange…
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On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold. On March 22, the Federal Reserve raised its benchmark interest rate by 0.25%, but hinted that it…