Thursday, March 28, 2024
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Tether boasts of its financial stability after strong profits, money moved out of banks

Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia. Tether’s market capitalization grew from $66 billion to over $82 billion in the first

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Binance moved $400M from Binance.US account to firm tied to CZ: Report

An investigative report has suggested that major cryptocurrency exchange Binance was behind transferring roughly $400 million in funds from a Binance.US account to a trading firm managed by Changpeng Zhao.According to a Feb. 16 Reuters report, an investigation of Binance’s banking records and company messages showed more than $400 million

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