Celsius Exchange Sues Tether For $3.5B Over BTC Bond Selloff
Celsius exchange has sued Tether, alleging misappropriation of holdings and requesting nearly $3.5B in BTC returns and legal fees. The assets in issue were provided to Tether as collateral. According to Tether, Celsius exchange requests the recovery of approximately $2.4 billion BTC in its lawsuit. Nevertheless, Celsius has requested relief from the court in the […]
Celsius Sues Tether to Recover $2B in Bitcoin Fraud
Celsius argues that Tether sold the Bitcoin at a low price and violated contract terms, exacerbating their bankruptcy. Celsius Network Ltd. has filed a lawsuit against Tether and its affiliated organizations. According to the allegations made in the lawsuit, the USDT issued today carried out “fraudulent” and “preferential” transfers of Bitcoin (BTC) totaling more than […]
Tether Implements USDT Social Security Payments for Filipinos
Tether, the world’s largest stablecoin issuer, has implemented a new crypto payment option for Filipino citizens to let them pay their Social Security System (SSS) contributions in USDT. The Social Security System in the Philippines is a state-run social insurance program that benefits employees in the informal, formal, and private sectors. The Social Security System […]
Tether & Uquid Team Up to Launch 1USDT Store
Tether and Uquid created the “1 USDT” store, which uses DeFi technology to improve crypto shopping. Tether Operations Limited has recently announced a partnership with Uquid, a Web 3 e-commerce platform, to introduce the “1 USDT” store. This innovative project aims to illustrate the practical application of USDT in digital commerce and everyday transactions. The initiative aims […]
Tether To Stop USDT Issuance On Algorand and EOS
Tether, a stablecoin issuer, has disclosed its intention to discontinue USDT issuance on the Algorand and EOS public blockchains. Users of Tether, a stablecoin issuer, have recently been informed of the planned termination of support for two significant blockchains. Tether Standard is exceedingly high for Algorand and EOS As indicated in its most recent update, […]