2024-4-23 07:54 |
Venezuela's state-run oil company started experimenting with Tether in 2023.
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Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…
2024-4-23 11:43 | |
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Bitfinex P2P will support buying and selling of Bitcoin, Ethereum and Tether tokens USDt and EURt. The company is looking to bolster financial freedom and inclusion across Latin America. Bitfinex completed an investment in Chile-based crypto bank OrionX in May.
2023-6-28 21:49 | |
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Bitfinex, a prominent digital asset trading platform, has announced the launch of a new peer-to-peer (P2P) platform, dubbed Bitfinex P2P. The platform, which will initially target markets in Venezuela, Argentina, and Colombia, enables customers to directly trade Bitcoin (BTC), Tether tokens (USDT and EURT), Tether Gold (XAUT), and Ethereum (ETH) while facilitating payments outside of […] The post Bitfinex unveils peer-to-peer trading platform for Latin American markets appeared first on CryptoSlate.
2023-6-27 18:01 | |
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While Venezuela’s government remains committed to its Petro digital currency project, a leading fast-food restaurant in the country has announced to now start accepting cryptocurrency payments. In a recent twitter announcement, Burger King Venezuela has partnered with Cryptobuyer – payment platform – to enable customers to pay using Ethereum, Litecoin, Dash, BNB, Tether, and Bitcoin. […]
2020-1-6 21:50 | |
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CoinSpeaker Dash Surges Amid Tether Effect, Launches Text-Based Crypto Payments in Venezuela While Tether loses its peg against the US Dollar, Dash price is surging. Another positive news is that the startup is launching Dash Text - text-based crypto payment service in Venezuela.
2018-11-5 14:07 | |
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The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation.
2018-8-22 16:30 | |
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Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity. Tether is planning to enhance its oversight of the USDT market, as the firm has signed a partnership agreement…
Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.
Quick Take Bitcoin has undergone a correction of approximately 23% from its peak of $73,600 in March. Analyzing historical cycles can offer valuable perspectives on its current price dynamics. Glassnode data indicates that Bitcoin is presently down by 12% from its 2021 peak, established in April 2021.
The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa.
Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions.
Stablecoin issuer Tether has invested $200 million in Blackrock Neurotech through its venture division, Tether Evo.
Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited.