Tether, a leading stablecoin company, plans to allocate a substantial portion of its revenue to invest in emerging markets, artificial intelligence (AI), and biotechnology, according to CEO Paolo Ardoino.
In an interview with Bloomberg on June 11, Ardoino revealed that Tether expects to invest at least $1 billion in deals over the next year through its venture capital arm.
Tether’s team of 15 members evaluates hundreds of investment pitches monthly, and the company has already invested about $2 billion in technologies like AI and alternative financial infrastructure over the past two years.
Tether aims to offer AI computing resources to all the companies it invests in.
Ardoino highlighted that the company has already invested more than $1 billion in AI, including a significant $610 million debt financing facility for the data center operator Northern Data Group in 2023.
“We can offer AI computing to all the companies we have invested in,” Ardoino said.
“It’s all about investing in technology that helps with disintermediation with traditional finance. Less reliance on the Big Tech companies like Google, Amazon and Microsoft.”
These remarks follow Tether’s report of a record net profit of $4.52 billion in the first quarter of 2024.
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The majority of profits, $3.52 billion, were derived from financial gains on Bitcoin (BTC) and gold, while the remaining $1 billion came from operating profits.
Ardoino emphasized that Tether doesn’t require startups to meet specific profitability targets in the first one to two years after investment.
“You can imagine that the news that Tether is making good money went around the world,” he said.
“We get tens or hundreds of deals per month that are on the table, and we only end up doing a very small percentage of that.”
“Our investment policy is investing only in projects we find extremely interesting,” Ardoino added.
“We are not a classic VC.
“We do invest in things that we care about, and we have our own strategy.”
As one of the largest companies in the cryptocurrency industry, Tether operates the USDT stablecoin, the most traded cryptocurrency and stablecoin in the market.
The company recently restructured into several divisions, including Tether Data, Tether Finance, Tether Power, Tether Edu, and Tether Evo, in April 2024.
In addition to AI investments, Tether has been actively involved in Bitcoin mining, investing $150 million in Jihan Wu’s crypto mining firm Bitdeer in May.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
From June 6 to 9, over 185 million citizens from the European Union’s 27 member states voted for candidates to serve a five-year term in the European Parliament, the legislative branch of the political bloc.
This pivotal event will shape the political direction of the EU for five years, including the future of crypto and blockchain.
The election results are mixed: The Christian Democrats won 10 seats, the Social Democrats lost only four seats, and the pro-business Renew Europe Group lost 23 seats.
The Greens lost 18 seats, while far-right parties made notable gains.
Cointelegraph reviewed the election manifestos of various parties and interviewed members of the European Parliament about their plans for the crypto and blockchain industries.
The EPP Group, the largest and one of the most influential political groups in the European Parliament, holds a cautious yet forward-looking stance on cryptocurrencies, the digital euro, and blockchain technology.
MEP Stefan Berger stated, “Crypto assets are gaining importance and have their place as a complement to the traditional financial system.”
The EPP supports the current MiCA law but sees the potential for future adjustments and a legal framework for NFTs.
The S&D Group is cautiously optimistic about blockchain and cryptocurrencies, recognizing their potential benefits but emphasizing the need for strict regulations to prevent fraud, money laundering, and tax evasion.
They support the idea of a digital euro for increasing the effectiveness of monetary policy and consumer protection.
Renew Europe, a centrist and liberal political group, has been a prominent voice in the European debate on crypto.
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The group supports a robust regulatory framework for crypto assets and views blockchain technology as a key driver of transparency, efficiency, and growth.
Renew Europe champions a digital euro and a European digital identity to enhance trust in digital transactions and streamline administrative processes.
The ECR Group holds a pragmatic and cautious view on cryptocurrency, advocating for robust Anti-Money Laundering measures and stringent cybersecurity measures.
They are skeptical about a digital euro, viewing it as unnecessary given existing solutions like instant payments.
The ID Group does not have an official stance on digital currencies and blockchain.
However, member parties such as Germany’s Alternative for Germany (AfD) oppose a digital euro, fearing it could undermine the use of cash and individual privacy.
The Greens/EFA Group acknowledges the potential of blockchain for enhancing transparency and sustainability but is concerned about the environmental impact of certain cryptocurrencies.
They support exploring a digital euro that aligns with sustainability goals and social welfare.
The Left is critical of cryptocurrencies, expressing concerns over their potential to facilitate illicit activities and exacerbate economic inequality.
They support a digital euro designed to enhance public control over the monetary system and promote economic justice.
Volt Europe, a pro-European federalist party, advocates for protecting users’ digital rights while ensuring compliance with financial regulations.
They support a digital euro and harmonized European investment regulation.
The European Christian Political Movement (ECPM) supports technological progress as long as it does not threaten human dignity, fundamental rights, or the environment.
The newly elected European Parliament will significantly influence the future of cryptocurrency and blockchain technology in the EU.
Each political group has a different perspective, leading to expected debates and potential adjustments to frameworks like MiCA.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pepe Vampire could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Vampire (PEPEVAMP), a new Solana memecoin that was launched today, is poised to explode over 9,000% in price in the coming days.
This is because PEPEVAMP has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Vampire can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Vampire could become the next viral memecoin.
Pepe Vampire launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Vampire on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Vampire by entering its contract address – 2CSHkXp9bAt5NxEmT7sW2Kg5yw5FWQmVsYsMYm8YrAyP – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEVAMP.
The Central Bank of Ireland (CBI) has granted approval to another significant cryptocurrency company, Crypto.com, as a virtual asset service provider (VASP).
On June 11, Crypto.com, one of the largest crypto trading platforms globally, announced its VASP approval in Ireland.
This approval enables Crypto.com to enhance its services in the country, including crypto-to-fiat exchanges and fiat wallets.
Eric Anziani, Crypto.com’s president and chief operating officer, stated that this approval underscores the company’s dedication to compliance and responsible innovation.
“We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering,” Anziani said.
Crypto.com declined to provide specifics to Cointelegraph about the new crypto services made possible in Ireland with this latest VASP approval.
Ireland has now approved 15 entities as VASPs.
With this approval, Crypto.com joins a group of regulated crypto firms in the country, including the U.S.-based crypto exchange Coinbase.
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As of June 7, the complete list of registered VASPs in Ireland includes 14 entities, featuring prominent industry players such as Ripple, Gemini exchange by the Winklevoss brothers, MoonPay, Standard Chartered’s Zodia custody platform, Paysafe, and others.
In 2023, seven companies on this list received approvals in Ireland. In 2024, the CBI approved four more firms, including Foris DAX Global, Fortuna Digital Custody, Ramp Swaps, and Crypto.com.
The Central Bank of Ireland’s approval of Crypto.com signifies another milestone in the country’s growing interest in the cryptocurrency industry.
In late 2023, Coinbase, the largest U.S. crypto exchange by trading volume, chose Ireland as its European crypto hub.
This decision aimed to help Coinbase comply with Europe’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets Regulation.
Other major companies, such as Ripple and Gemini, have also been strengthening their presence in Ireland while facing challenges from U.S. regulators.
Conversely, Circle Internet Financial, the company behind USD Coin, the world’s second-largest stablecoin, announced in May 2024 its plans to return to the U.S. and exit Ireland.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Nuclear Shiba (NUCSHIBA) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Nuclear Shiba (NUCSHIBA), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Nuclear Shiba presents a similar opportunity.
Nuclear Shiba has a market cap below $11,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 15,000% in the coming two days, and Nuclear Shiba could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Nuclear Shiba can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Nuclear Shiba on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Nuclear Shiba by entering its contract address – 9qy1P39raMryoShXo4pCQ3S2L9PYCS3THKyknUtEfqZp – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NUCSHIBA.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Free Andrew Tate (3TATE) presents a similar opportunity for a limited time.
Free Andrew Tate (3TATE), a newly launched Solana memecoin, is poised to explode over 17,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
3TATE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Free Andrew Tate.
Currently, Free Andrew Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy 3TATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Andrew Tate by entering its contract address – ADyL5Ltd4P7ix6xeSoCztXYRkBy4YyCkKr3h6rRCm4Bm – in the receiving field.
3TATE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Bitcoin Bear (BITBEAR), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Bitcoin Bear can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Bitcoin Bear could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Bitcoin Bear launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Bitcoin Bear on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Bitcoin Bear by entering its contract address – 8ZXnavh5qk2TtJaF7cfchMJiJ5cYa3pdp5XxNEQDHnjV – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like BITBEAR.
Thailand’s Securities and Exchange Commission (SEC) has revoked two operating licenses for the cryptocurrency exchange Zipmex after months of regulatory scrutiny.
In a June 11 announcement, the SEC declared that as of May 28, Zipmex is no longer authorized to operate as a digital asset exchange and broker for cryptocurrencies in Thailand.
The regulatory body had previously ordered Zipmex to halt its services to Thai users in February to address its financial and operational deficiencies.
However, the finance minister concluded that the exchange had not complied with these directives.
The SEC emphasized that Zipmex must return assets to its clients or follow their requests.
For clients who do not specify their requests or claim their assets, Zipmex is required to deposit the unclaimed assets into a trusted and secure system.
Furthermore, the exchange must report each step of these proceedings to the SEC without delay.
Zipmex has been under regulatory scrutiny since the crypto market downturn in 2022.
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The SEC’s investigation included examining an acquisition by V Ventures and whether Zipmex had been operating in Thailand without the necessary regulatory approval.
In November 2023, Zipmex suspended trading, citing regulatory compliance as the reason for this decision.
Zipmex, which is based in Singapore, received its first license from the Thai SEC in 2020.
However, two years later, the exchange filed for debt relief, reportedly owing customers $97 million.
As part of its restructuring efforts, Zipmex proposed offering creditors $0.0335 per dollar for initial claims as of November 2023.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Harambe on Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Harambe on Solana (HARAMSOL), a new Solana memecoin that was launched this week, is poised to explode over 16,000% in price in the coming days.
This is because HARAMSOL has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Harambe on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Harambe on Solana could become the next viral memecoin.
Harambe on Solana launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Harambe on Solana on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Harambe on Solana by entering its contract address – GTBbj8JgVFLmL7PteCThkBLoxUzzBJBH9xfq8BNJhUTN – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HARAMSOL.
Dog Wif M16 (DOGM16), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
Currently, Dog Wif M16 can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Dog Wif M16 could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Dog Wif M16 launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Dog Wif M16 on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Dog Wif M16 by entering its contract address – 5C2LDJCVSLDL9w26763gMhgYNTB6g1TdHMN9boMqp5tB – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGM16.