Germany shutters major crypto exchange, seizes €34 million in assets

FRANKFURT – German police on Friday said they had shut down a major online platform for cryptocurrency exchanges, seizing €34 million ($38 million) in assets. The eXch platform was taken down in late April, according to a statement from the Federal Criminal Police Office (BKA) and the Frankfurt prosecutor’s office. Authorities confiscated €34 million in cryptocurrencies…

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Tether to Deploy Hashrate on OCEAN, Advancing Decentralised Bitcoin Mining Infrastructure

Tether, the largest company in the digital assets industry, announced today its intention to deploy both existing and future hashrate on OCEAN, a leading Bitcoin mining pool focused on decentralisation and launched by long-time Bitcoin Core developer Luke Dashjr. This strategic move strengthens Tether’s ongoing commitment to supporting the resilience, transparency, and decentralisation of Bitcoin’s…

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Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation

Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held as reserves for the issued tokens as of December 31, 2024….

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Fraudulent Job Offers Scheme Defrauds New Yorkers of $2.2 Million in Cryptocurrency

New York, U.S. – A team of tech-savvy scam artists stole millions in a nation-wide cryptocurrency con that duped unsuspecting victims, including some in New York, searching for remote work into transferring money in the fraudsters’ digital wallets, New York Attorney General Letitia James announced Thursday. The network of scammers cold-texted their victims, duping them…

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Tether Celebrates 10 Years of Global Adoption and Stablecoin Dominance with Over 350 Million Users Worldwide

Tether, the largest company in the digital assets industry, celebrates a decade of pioneering advancements and innovation that have shaped the ever-evolving landscape of digital assets. Since its inception in 2014, Tether has revolutionised finance by introducing the world’s first stablecoin, bridging traditional currencies and the rapidly growing digital asset market. Over the last decade,…

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Tether will defend itself against “Shake Down” litigation commenced by Celsius

On August 9, 2024, Celsius Network Limited, acting through the Blockchain Recovery Investment Consortium, LLC, filed suit against Tether Limited and certain of its affiliates in the United States Bankruptcy Court for the Southern District of New York. This baseless lawsuit against Tether proves the adage that “no good deed goes unpunished.” The claims arise…

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Will Ether ETFs trigger a new Altseason?

By Mario Nawfal After the U.S Securities and Exchange Commission finally approved Ethereum spot ETFs, they recorded over $100 million in inflows in just the first 15 minutes. After 90 minutes, they saw over $360 million in inflows. Analysts have predicted that ETH will increase in value due to increased demand from ETFs, and some…

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Tether reports record-breaking $4.52 billion profit

Tether Releases Q1 2024 Attestation: Reports Record-Breaking $4.52 Billion Profit, Highest Treasury Bill Ownership Percentage Ever, Total Group Equity of $11.37 Billion Today, 1st May 2024, Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation as of…

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