Paolo Ardoino, CEO of Tether, discusses the stablecoin issuer's auditing efforts, changing regulatory policy in the U.S. and how a strategic bitcoin reserve could affect Tether. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
XRP's recent rally, partly driven by news of the Ripple case conclusion, continues to push the asset to new highs, potentially shaking up the cryptocurrency rankings by market capitalization.
HTX, a leading global crypto exchange, has once again drawn market-wide attention following the launch of TRON Meme Season 2.0, sparked by a viral tweet from Justin Sun, Founder of TRON and Global Advisor to HTX. The announcement has fueled renewed interest in TRON-based meme tokens, reaffirming TRON's position as a hub for innovation and high-performance infrastructure.
In a significant breakthrough, Tron, Tether, and TRM Labs have successfully frozen over $9 million linked to the historic ByBit hack, according to blockchain watchdog T3_FCU (Financial Crime Unit). This joint forensic initiative was formed to combat illicit activity in the crypto space, marking a proactive step by blockchain networks and stablecoin issuers in safeguarding digital assets.
The T3 Financial Crime Unit (T3FCU) has provided an update about the $1.5B North Korean hackers reportedly stole during the Bybit exploit. The crypto crime fighting team announced that they have successfully frozen $9M of the stolen funds.
TRON may reduce TRX block rewards, creating an economic model similar to Bitcoin's halving to counter inflation's effects and provide long-term value for TRON holders. The proposal is currently being discussed amongst TRON developers and traders.
TL;DR Tether is negotiating with one of the world's top four accounting firms (PwC, EY, Deloitte, or KPMG) to conduct a full, independent audit of its USDT reserves. CEO Paolo Ardoino states that the current regulatory environment in the U.S. under Donald Trump's leadership is more favorable for completing such an audit.
Justin Sun's latest moves hint at an upcoming meme coin explosion on the Tron network.
TRON founder Justin Sun has revealed that the network might reduce the TRX block rewards due to TRX's rising price, sparking a discussion in the cryptocurrency community. Sun noted that this move is similar to Bitcoin's halving mechanism, capturing the attention of investors who are wondering about the plan's possible impact on traders.
Tether is in discussions with one of the Big Four accounting firms to conduct a full audit of its financial reserves.
Tether, the world's largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether's CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion.
Tron founder Justin Sun recently took to X (formerly Twitter) to raise public awareness regarding the digital currency's proposed block reward halving. He drew parallels with Bitcoin's much-touted 4-year halving cycle, in which the premier cryptocurrency undergoes a major bull phase followed by a bearish cooldown before starting things all over again in the ensuing couple of years.
Justin Sun, the CEO of TRON, took to X to announce the launch after hinting at an integration over the past week. With the Tron native token going live on the Solana blockchain, network users can carry out more cost-effective transactions within the Solana ecosystem.
The chief executive of the world's largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world.
TRON (TRX) gains 9% in a week as integration with Solana, ETF speculation, and Justin Sun's “Build” tweet boost investor sentiment and technical outlook. The post TRON Surges 9% in a Week: Excitement Sparked Following Justin Sun X Post appeared first on Cryptonews.
Tether, the largest stablecoin company in the cryptocurrency space, has become one of the largest buyers of U.S. treasuries as a way of backing the value of the over 140 billion USDT issued.
Tether, the company behind USDT, announced that 2024, it was the seventh largest investor in U.S. securities, purchasing around $33 billion in treasury securities. This places Tether above countries such as Canada, Mexico, and Germany.
Justin Sun is advocating for something unique that pertains to TRON and TRX right now.
Tether recently appointed a new CFO and tasked him with organizing a full financial audit for the company, a "top priority" for the stablecoin issuer.
Stablecoin issuer USDT company Tether intends to hire one of the auditing Big Four firms to verify reserves.
TRON founder Justin Sun has shared his thoughts about potentially reducing TRX block rewards, drawing parallels to Bitcoin's halving mechanism. In a recent tweet, Sun shared his thoughts on implementing a reward reduction for Tron (TRX).
Tron Network founder Justin Sun has called on community members to engage with a new proposal seeking to reduce block rewards on the network. In a post on X, Sun said TRX entering a halving cycle similar to Bitcoin would be great for the network.
Tether is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets. The post Tether Collaborates with Big Four Auditor to Verify 1:1 Backing for USDT Stablecoin appeared first on Cryptonews.
Stablecoin issuer Tether is reportedly in talks with a Big Four accounting firm to audit its assets reserves and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.
Stablecoin issuer Tether is reportedly engaging with a Big Four accounting firm to audit its assets reserve and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.
TRX holders now have the advantage of seamless swaps with SOL, Solana's native token Expansion to Solana represents a significant step towards greater interoperability and network efficiency.
Tron founder Justin Sun has waded into the ecosystem's conversation amid a push to explore avenues to enhance the protocol's deflationary status. The Tron ecosystem is pushing a new proposal to implement a Bitcoin-like halving for TRX.
Recent reports claim that Tether CEO Paolo Ardoino is in talks with the Big Four accounting firms to finally conduct a third-party audit. However, some members of the community are skeptical, citing a lack of firm commitments.
Tether is finally doing the thing it kept saying it would do for years—getting a real audit. CEO Paolo Ardoino confirmed the company is “engaging with a Big Four accounting firm,” though he didn't say which one or when the audit would happen.
Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin's reserves.
Critics have raised questions about the stablecoin giant for not being independently audited.
Tether's CEO Paolo Ardoino shared a post on X yesterday that Tether was the seventh-largest buyer of US Treasuries in 2024. The company accumulated $33.1B worth of US Treasury securities last year, outranking countries like Canada, Mexico, and Germany.
Donald Trump's election win resulted in a series of bullish events and the biggest Bitcoin price rally. However, the hype subsided soon after that, and the investor sentiments turned bearish, and cryptocurrencies crashed.
Bitcoin and crypto tokens dropped after a disappointing speech by Donald Trump at a closely-watched summit. They have also pulled back after the FOMC decision and ahead of the upcoming triple-witching event in the US.
Tether, the creator of the world's largest stablecoin, is "engaging with a Big Four accounting firm" as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will be easier under U.S. President Donald Trump.
Justin Sun hints at Tron ETF as USDD grows, TRX shows potential but faces challenges.
The TRON blockchain, one of the leading smart contract platforms created by Justin Sun, has revealed that it is teaming up with Pump Fun, a popular memecoin launchpad, to introduce PumpSwap, a decentralized exchange (DEX) aimed at improving the efficiency, security, and user experience of on-chain trading. As part of the collaboration, PumpSwap will leverage
Tether purchased $33.1 billion in U.S. Treasuries in 2024, becoming the seventh largest foreign buyer and outpacing several nations while its stablecoin market cap reached $143 billion.
Tether, the issuer of USDT, ranked as the seventh-largest buyer of U.S. Treasury securities in 2024. According to a Mar. 20 post on X by Tether chief executive officer Paolo Ardoino, Tether (USDT) purchased a net $33.1 billion in U.
Tether surpasses Canada and becomes the 7th largest buyer of US Treasury bonds. What are the implications for the crypto market?
Rumors of a Tron Exchange-Traded Fund (ETF) are gaining traction after Justin Sun, founder of the Tron Network, hinted at major institutional developments. In a recent social media post, Sun suggested that ETFs could soon include TRX, fueling speculation about its entry into the regulated finance space.
Tron price remains in a bear market after plunging by almost 50% from its highest point in December this year. The TRX token was trading at $0.2315 on Friday, down from last year's high of $0.4497. This decline has brought its market cap from over $36 billion in December to $22 billion today.
Tether surprised the market by announcing that it purchased over $33 billion in Treasury bonds last year. This makes Tether the seventh-largest buyer of US bonds, ahead of countries like Canada, Mexico, and Germany.
After four years of legal pursuit, the Securities and Exchange Commission (SEC) terminated its appeal against Ripple. The decision from the Securities and Exchange Commission (SEC) has affected the crypto market as it demonstrates positive signs after enduring difficult times.
Speculation is growing around a potential Exchange-Traded Fund (ETF) for Tron after its founder, Justin Sun, hinted at major institutional developments for the asset.
Tron has been having a great day. Its founder Justin Sun took to X, formerly Twitter, with an update to a tweet he shared days before; “TRX on SOL is now live!
Despite ongoing market uncertainty, Tron (TRX) is making waves in the cryptocurrency market with its impressive price surge. However, this surge comes at a time when major assets like Bitcoin (BTC), Ethereum (ETH), and others are experiencing a notable price decline. Current Price Momentum TRX is currently trading near $0.235 and has registered a 2.