Tether shifts $780M in Bitcoin to reserve — its biggest move in 9 months
Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.
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Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
“We are passionate about backing technologies that will prevent censorship and things being shut down,” James McDowall told Cointelegraph.
Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable.
Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.
This week’s Crypto Biz explores Coinbase’s wBTC controversial delisting, Deutsche Bank’s blockchain, USDT in Europe, FTX creditors repayment and BVNK’s move to the United States.
A Kaiko and Bitvavo report highlighted the growth of crypto in Europe as regulatory frameworks emerged in the region.
Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether’s USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.
Tether, the issuer of the world’s largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.
