🚀 Tether: From Criticism to Success 📈 Tether, the issuer of the most popular stablecoin USDT, has undergone a dramatic image transformation in recent years. According to a Bloomberg report, the company has been posting record-breaking profits and expanding its influence beyond crypto by investing in AI, biotech, and media projects. In 2024, Tether reported a $13 billion profit, with total assets reaching $157.6 billion. Previously, Tether faced heavy criticism over the legitimacy of its reserves and the alleged use of USDT in illicit activities. However, with a shifting political landscape in the U.S. and support from organizations like Cantor Fitzgerald Bank, the company is becoming increasingly influential. Dragonfly Capital's general partner, Rob Hadick, highlighted Tether’s high per-employee profitability and the growing focus on its investment strategies.
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🚨 Tornado Cash Developer Placed Under House Arrest 🚨 Tornado Cash developer Alexey Pertsev, convicted of laundering $1.2 billion, will soon be released from prison under house arrest. A Dutch court has suspended his pre-trial detention, allowing him to work on his appeal. Pertsev noted that "this isn’t true freedom, but it’s better than prison." Crypto mixers like Tornado Cash help users maintain privacy by breaking transfers into multiple transactions. While they have legitimate use cases, they are often linked to illicit activities. Following the news, the Tornado Cash (TORN) token surged nearly 40%, currently trading around $12.7. 🚀
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🚨 Could Kraken uncover the mystery of Satoshi Nakamoto? 🚨 Recent research has led to sensational findings about the possible identity of Bitcoin’s creator. Coinbase’s Head of Product, Conor Grogan, analyzed transactions and found a link between an address allegedly belonging to Satoshi Nakamoto and the Canadian crypto exchange Cavirtex. According to him, this could be the first recorded transaction between a "Satoshi address" and a centralized platform. Grogan also suggested that based on new data, Satoshi may have been actively using Bitcoin until 2014. However, experts remain skeptical, arguing that these conclusions rely on speculative interpretations of blockchain data. Some believe Arkham’s research might be a marketing stunt to draw attention to competing crypto exchanges. 🤔🔥
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