Swan Bitcoin Sued by Tether for Violating Business Agreements in 2022 Partnership
Tether filed a lawsuit against Swan Bitcoin, alleging breaches of agreements related to their 2022 Bitcoin mining joint venture.
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Tether filed a lawsuit against Swan Bitcoin, alleging breaches of agreements related to their 2022 Bitcoin mining joint venture.
Tether has initiated legal action against Swan Bitcoin, citing alleged breaches of contract related to their joint Bitcoin mining venture, established in 2022 under the name 2040 Energy.
Tether, the leading issuer in the stablecoin sector, has initiated legal proceedings against Swan Bitcoin in the High Court of England and Wales, according to a Jan. 15 statement shared with CryptoSlate. The stablecoin company claimed that Swan had significantly breached their agreements, prompting the lawsuit to safeguard its investment.
TL;DR Stablecoins accounted for 35.5% of all crypto transactions in 2024, with USDT leading at an impressive 97.2%. The United States leads cryptocurrency purchases, surpassing Germany and the United Kingdom, while Nigeria and Ukraine show rapid growth.
Tether, a prominent stablecoin issuer, has filed a lawsuit against Bitcoin financial services company Swan Bitcoin, accusing the firm of breaching their contractual agreements in a joint Bitcoin mining venture. The legal action, confirmed by Tether and co-claimant 2040 Energy on January 15, 2025, marks an escalation in a contentious dispute between the two companies.
In the ever-changing crypto market, seizing investment opportunities and accelerating wealth growth is a steadfast goal for every investor.
Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.
Tether, the leading stablecoin issuer, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license. This strategic move underscores Tether's commitment to advancing Bitcoin adoption and innovation in emerging markets.
Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.
A wallet believed to belong to Donald Trump's family crypto venture World Liberty Financial has been involved in a series of recent transactions according to onchain data from Arkham Intelligence.
Nayib Bukele, President of El Salvador, encouraged Rumble CEO Chris Pavolvski to relocate his company to the country. This comes one day after Tether announced its own move.
Tether is relocating to El Salvador as the US and Europe tighten cryptocurrency oversight.
Per the report, Circle's USDC has bridged over $850 billion between fiat currencies and is now supported on 16 blockchains.
Tether continues its journey to get a Digital Asset Service Provider (DASP) license from El Salvador. This is a new era for Tether as it shifts to one of the most Bitcoin-centric jurisdictions globally.
MEXC, the world's leading cryptocurrency trading platform, announced the launch of its highly anticipated New Year Futures Competition. With a prize pool of up to 8,000,000 USDT, this competition offers traders from around the globe the ultimate opportunity to showcase their skills, climb the leaderboards, and kickstart the year.
Tether, the world's largest stablecoin issuer, is finalizing the requirements to establish its operations in El Salvador after securing a Digital Asset Service Provider (DASP) license.
Tether, the world's largest stablecoin issuer, announced on Monday its plans to relocate its headquarters to El Salvador. This decision follows the successful acquisition of a Digital Asset Service Provider (DASP) license, a critical milestone in Tether's ongoing mission to bolster global Bitcoin adoption.
Tether will move its subsidiaries to El Salvador and establish its headquarters in the country as it fosters global Bitcoin adoption and innovation in emerging markets.
Tether, the world's largest stablecoin issuer, is relocating its operations to El Salvador after receiving a regulatory license, while simultaneously investing in the region through a $775 million stake in Rumble, which will also establish operations in the country.
Tether, the company behind USDT, has announced its imminent relocation to El Salvador after receiving a stablecoin issuer license. Paolo Ardoino, CEO of Tether, described this move as a natural progression that will allow the company to strengthen its focus on emerging markets.
Tether recently announced plans to relocate its headquarters from the British Virgin Islands to El Salvador with the aim of leveraging the country's crypto-friendly environment.
Tether, the company behind the USDT stablecoin, has announced that it will move its headquarters and subsidiaries from the British Virgin Islands to El Salvador.
Tether, casa di USDT, la più popolare stablecoin al mondo, ha annunciato il trasferimento delle sue operazioni principali in El Salvador.
Stablecoin issuer Tether has announced its relocation to El Salvador, the first country to adopt Bitcoin as legal tender. On January 13, Tether released an official statement confirming that the company and its subsidiaries have obtained Digital Asset Service Provider (DASP) licenses in El Salvador and are finalizing all procedures to complete the move.