Month: March 2023

Tether Reaches $1.6B in Excess Reserves by March 2021

• Tether (USDT) has announced it will reach $1.6 billion in excess reserves by the end of the March quarter. • Tether Chief Technology Officer Paolo Ardoino disclosed that it expects an estimated $700 million in profit within the said period pushing the reserves higher. • The firm makes money by charging withdrawal fees, investing […]

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Coinbase Seeks to Expand Crypto Trading Beyond US Borders

• Coinbase is exploring the possibility of setting up a crypto trading platform in a jurisdiction outside US agencies’ regulatory reach. • The move could allow expanding its offerings to a global client base beyond its existing marketplace. • Establishing a new crypto-trading platform outside of the US could provide Coinbase access to new markets […]

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Peter Schiff Advises Crypto Investors to Sell BTC and Buy Gold

• Cryptocurrency prices including Bitcoin and Ethereum are trading at deep losses today. • Peter Schiff, a crypto critic, advises investors to sell BTC and buy gold now due to a wave of blockchain related bankruptcies that may crash the market soon. • Crypto enthusiasts still hold on to their belief in Bitcoin as the […]

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Silvergate Bank Struggles: Microstrategy Reassures Minimal Exposure

• Microstrategy recently took to Twitter to reassure investors that their company had minimal exposure to Silvergate, a struggling crypto bank. • The whole debacle started when FTX, one of the banks biggest partners, collapsed. As a result, the company’s delayed 10-K filing prompted its partners to distance themselves from it in order to mitigate […]

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