Wall Street Journal – 0.3% fall in assets may render Tether insolvent
According to a Wall Street Journal (WSJ) story, Tether’s financial sheet may become technically insolvent with a mere 0.3% decline in the value of its reserve assets. Journalists Jean Eaglesham and Vicky Ge Huang of the Wall Street Journal (WSJ) focused on the murky status of Tether’s USDT reserves and its eagerly anticipated audit, which […]
Crypto Token: Definition, Types, and How to Use
First time reading about crypto token? You are not alone and this should not surprise you. Bitcoin rules the knowledge pool of crypto. From the headlines to the memes. Leaving other assets like crypto tokens to compete for mere mentions. Some mistake crypto coins for tokens. And those are the lucky ones. Others go unnoticed. […]
Tether refuses to freeze sanctioned Tornado Cash addresses
Stablecoin issuer Tether has said that it will not freeze Tornado Cash accounts that were sanctioned except if it gets a directive from law enforcement to do so. As of Wednesday, cryptocurrency trail-mixer Tornado Cash’s smart contract addresses that were sanctioned by the Specially Designated Nationals and Blocked Persons (SDN) list maintained by the U.S. […]
Tether Backs Tornado Cash Addresses
The company that made the stablecoin thinks that freezing secondary Tornado Cash addresses is too soon and is waiting for more information from U.S. authorities. Tether, which makes stablecoins, has said again that it will not block Tornado Cash addresses. It also said that U.S. authorities or law enforcement have not yet asked it to […]
Tether Confirms Slashing of Commercial Paper Holdings
BDO Italia said that Commercial Paper Holdings had dropped by 58% to $8.5 billion at the end of the last quarter. BDO Italia has confirmed stablecoin issuer Tether’s consolidated reserves report, which showed a 58 percent quarterly drop in commercial paper holdings to $8.5 billion as of June 30.Tether also confirmed that it still expects […]