Celsius vs. Tether: A High-Stakes Legal Battle Unfolds
Celsius is suing Tether for allegedly mishandling Bitcoin collateral, seeking around $3.5 billion. The lawsuit is contested by Tether, which claims Celsius directed the liquidation.

Celsius is suing Tether for allegedly mishandling Bitcoin collateral, seeking around $3.5 billion. The lawsuit is contested by Tether, which claims Celsius directed the liquidation.
Golden Finance launches the 2400th issue of "Golden Morning 8:00", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
JP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
Tether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
Ardiono replaces former CEO Jean-Louis van der Velde, who will transition into an advisory role at Tether.
The American multinational fast food chain McDonald's has started accepting payments in Bitcoin and Tether in Switzerland's city of Lugana.
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
Tether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.