The WSJ published an article last week about Tether’s alleged AML violations and USDT being used to fund illegal activities

In case you missed it, Tether added a government affairs head, while a blockchain-powered real estate platform hired an ex-SEC commissioner

Make no mistake: Tether makes a ton of money. But exactly how much depends a lot on the price of bitcoin.

Nic Carter of Castle Island Ventures believes we’re witnessing the first crypto dollarization event

Tether also claims its USDT is fully backed and overcollaterized by at least $5.3 billion, as of June 30 2024

Coinbase taps three new board directors, and other July people moves you might have missed

The Bitdeer share issuance generated $100 million in gross proceeds and could provide $50 million more

Agora’s AUSD will launch natively on Sui, and more newcomers are on the way

The profits were driven by interest earned on US Treasury holdings, as well as market gains on bitcoin and gold

The AI job postings come after a $600 million AI infrastructure investment Tether made in the fall

Newcomers are using T-Bill interest to generate yield

Tether, the world’s largest stablecoin, continues to befuddle FUDers by minting its way into an exclusive club worth over $100 billion

Plus, Tether funds a crypto payments app

Roughly two-thirds of the net profit was due to appreciation of the stablecoin issuer’s gold and bitcoin reserves

Only a handful of cryptocurrencies have ever been worth more than $100 billion — tether could be next

The UN said USDT is among the most used tools for illicit financing, but the stablecoin issuer says the report ignores its benefits

The Ledger attacker was able to upload the malicious code to ConnectKit after phishing a former Ledger employee

Tether has changed its mind about complying with US sanctions laws, and it says its doing so “voluntarily”

Four of the eight stablecoins initially assessed were knocked back by “negative adjustments,” S&P told Blockworks

Binance and its former CEO have pleaded guilty to federal charges of over $4.3 billion

The frozen funds were linked to a “human trafficking syndicate in Southeast Asia”

Lummis and Hill want the DOJ to investigate — and potentially take action — to “choke off sources of [terror] funding”

Ardoino is also chief technology officer of Bitfinex as well as chief strategy officer at Holepunch

While the revelation is “a little disappointing,” CoinShares head of research says the impact on the stablecoin’s “robustness” is likely limited

You need to have absolutely zero interest in crypto to enjoy Number Go Up. In fact, you could read this book with no understanding of what Bitcoin is beyond the fact that it’s magical internet money.