Crypto News in 60 Seconds
October 2, 2022
Launch of a Stablecoin Linked to the British Pound Sterling by Tether The organisation behind the most valuable stablecoin in terms of market capitalization, Tether, on Wednesday unveiled GBPT, a new fiat-pegged stablecoin pegged to the value of the British pound sterling. The announcement comes after Tether recently launched MXNT, a cryptocurrency asset tied to […]
June 16, 2022
Tether responds to rumours regarding its portfolio of commercial paper. Tether released a statement to refute the assertions made on its business portfolio. According to reports, 85% of the company’s bond holdings are Chinese or Asian bonds, which trade at a 30% discount. The business reported on June 15 as follows: “These reports are wholly […]
June 15, 2022
Tether responds to the rumors about its commercial paper portfolio. Tether has issued a statement in response to recent reports about its commercial paper holdings. According to the speculations, Chinese or Asian commercial papers accounted for 85% of the firm’s commercial paper portfolio and were traded at a 30% discount. “These rumors are absolutely […]
June 12, 2022
BlockFi engages lobbyists to facilitate conversations with decision-makers According to Reuters, renowned crypto lending platform BlockFi has engaged lobbyists from Arnold & Porter Kaye Scholer LLP to focus on tax and regulatory policy for companies that offer financial services in digital currencies. Together with Arnold & Porter, BlockFi has assembled a five-person policy team. […]
May 20, 2022
Tether reduces its commercial paper holdings by 17% in the first quarter of 2022. “This recent attestation further demonstrates that Tether is completely supported and that its reserve composition is robust, conservative, and liquid,” stated Paolo Ardoino. Tether (USDT) revealed that it reduced its reserves allocation to commercial paper assets and boosted its allocation […]
May 19, 2022
Tether introduces a cryptocurrency and blockchain teaching program in Switzerland. “It is critical that educational institutions be established to help better enlighten not only traders and investors but also future business owners,” Paolo Ardoino stated. As part of a collaboration between the local administration and Tether, Switzerland’s southern city of Lugano will host a blockchain […]
Tether announces a 17% drop in commercial paper holdings in Q1 2022. “This recent attestation further demonstrates that Tether is completely supported and that its reserve composition is robust, conservative, and liquid,” stated Paolo Ardoino. Tether (USDT) revealed that it reduced its reserves allocation to commercial paper assets and boosted its allocation to US […]
March 10, 2022
Paolo Ardoino, chief technology officer of Tether asserted that CBDCs would replace the old payment systems and utilize private blockchain as a new and reasonable tech infrastructure. Paolo Ardoino is the chief technology administrator of Tether and he speculates that the thriving improvements around Central Bank Digital Currencies, CBDCs worldwide wouldn’t effect the position of […]
