Tether CEO Breaks Down Reserves Backing USDT Stablecoin

Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed...

Metaplanet’s Bitcoin Holdings Surpass 1,000 BTC After Latest Purchase

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves...

FTX Agrees to $228 Million Settlement in Bybit Legal Dispute

FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court...

What Is The Open Network (TON): All You Need to Know in 2024

One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media...

Watch Out: Shiba Inu (SHIB) Team Issues an Important Alert to the Community

TL;DR The Shiba Inu team warned of scammers promoting a fake Treat token. Wrongdoers also target Shiba Inu community members on Telegram with fraudulent airdrops and impersonation schemes designed to steal personal data or funds. The ‘Misleading Tactics’ Shiba Inu – the self-proclaimed Dogecoin killer – has a vast community...

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