The crypto mogul exudes confidence in Tether
On the topic of Tether, the largest stablecoin with a market value of $84 billion, Novogratz conveyed a reassuring tone. He firmly believes that the risk of a major run on Tether is minimal, a sentiment sometimes challenged due to fears emerging from the market.While expressing high confidence in Tether's ability to cover its liabilities, Novogratz did acknowledge potential"skirmishes around the sidelines" owing to the stablecoin's less transparent offshore operations.
He highlighted Larry Fink's 'Orange Pill Moment', a term signifying a skeptic's conversion into a believer in Bitcoin. Larry Fink, previously a non-believer, now advocates for Bitcoin as a global currency, emphasizing its trustworthiness. BlackRock, under Fink's leadership, is exploring a Bitcoin ETF, marking a paradigm shift for the cryptocurrency industry.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathie Wood and Mike Novogratz Are Both Bullish on Spot Bitcoin ETF ApprovalsCathie Wood and Mike Novogratz express optimism about the approval of spot Bitcoin ETFs. Wood expects the SEC to approve multiple ETFs simultaneously, while Novogratz's sources predict approvals within four to six months.
Read more »
Bitcoin Bull Run in Early Stages as Major Holders Accumulate: Bloomberg AnalystBitcoin's bull run still in its infancy as major holders continue to amass digital asset, according to Bloomberg analyst Jamie Coutts
Read more »
Report: US ETFs Signal Renewed Bitcoin Interest; BTC’s Limited 'Hot Supply' Eyes Bull Market – Featured Bitcoin NewsA new report from blockchain analytics firm Glassnode examines how much bitcoin is actually available for purchase.
Read more »
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and moreCelsius Network former CEO Alex Mashinsky’s motion to dismiss a civil lawsuit has been denied. Meanwhile, Tether lauded a legal victory as a court threw out a class action complaint against them.
Read more »
PayPal stablecoin launch doesn't impact Tether, says Paolo ArdoinoThe launch of PayPal stablecoin (PYUSD) doesn’t impact Tether in any way, its CTO Paolo Ardoino told The Block.
Read more »
Tether's Reported Profits Raise QuestionsTether Holdings, the issuer of the tether stablecoin, reported over $1 billion in operational profit in Q2. However, discrepancies in the firm's quarterly reports raise concerns about the composition of its holdings.
Read more »