Tether Profits $700M Despite Crypto Market Turmoil

• Tether reported a $700 million profit for the fourth quarter of 2022 despite a difficult year for crypto. • The company reinvested the profits back into its reserves, ending with excess reserves of at least $960 million. • Tether CTO Paolo Ardoino said that the company has set itself apart from bad actors by … Weiterlesen

Binance Cuts Ties with WazirX, Cancels Wallet Service

• Binance has cut ties with WazirX, canceling its wallet service after months of public argument. • Binance claims that WazirX issued misleading statements which misrepresented their relationship in regards to user assets and activity. • In response, WazirX has started transferring funds to multi-signature wallets and users can continue trading, depositing, and withdrawing without … Weiterlesen