CEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raise
Stablecoin group holds more bullion than many central banks and is one of biggest winners from blistering rally
Stablecoin giant’s Devasini is director of groups that bought Peak Mining from Northern Data
There are good reasons for family scion John Elkann to turn down Tether’s current offer
Agnelli holding company Exor, the majority shareholder, says the Italian team is not for sale
Rating agency cites rising exposure to high-risk assets and lack of disclosures
Collateral damaged
Gilty buy association
Cryptocurrency giant seeks to build on sprawling investment portfolio with bet on German humanoid robotics group
Deal would make crypto operator one of world’s most valuable privately owned companies
Move comes after Congress passed new regulations to bring dollar-backed tokens into mainstream markets
Boss of crypto company that posted first-half profits of $5.7bn has called the precious metal ‘natural bitcoin’
Bo Hines joins world’s biggest stablecoin issuer as strategic adviser
World’s most traded cryptocurrency does not currently accept customers in the US
Judge rejects stablecoin operator’s concern that Swan Bitcoin could secure proprietary information
Also in today’s newsletter, ‘We’re in a very, very dangerous world right now,’ warns Republican stalwart senator Mitch McConnell
Sacked ‘whistleblowers’ launch California court action against Europe’s biggest bitcoin-miner-turned-AI-datacentre-builder
Analysts say Tether digital coins were used to transfer funds from victims of ‘pig butchering’ racket
Digital currency at the heart of scams including fake romance frauds known as ‘pig butchering’, report says
Stablecoin diffusion
New York court ruling on Tether case comes amid negotiations over a draft legislation for the sector
Tether plays chicken with Ofac, Texas hates ESG, construction doesn’t scale, etc
Ownership highlights how digital asset players are encroaching on traditional markets
Case is a major test of how US insolvency rules will apply in the digital asset sector
Tweets from the stablecoin’s CTO are raising new questions about reserve quality
