Browsing: Tether investment

The recent Twenty One Capital stock decline has sent ripples through the financial markets, as the company suffered a staggering 24% drop on its first day of public trading.Backed by heavyweights Tether and SoftBank, Twenty One Capital’s initial performance raises questions about the stability of bitcoin companies amid a fluctuating stock market.

Humanoid robotics represents the captivating intersection of technology and human-like functionality, drawing increasing attention as companies like Tether invest significantly in the sector.Recently, Tether announced its strategic funding of €70 million (US$81 million) in Generative Bionics, a move set to accelerate advancements in the development of humanoid robots integrated with cutting-edge artificial intelligence.

Tether operations in Uruguay are coming to a premature end, following the company’s decision to lay off 30 employees from its local workforce of 38.This significant move, confirmed by Tether to the Uruguayan Ministry of Labor and Social Security, reflects broader trends in the crypto sector, which has recently seen numerous layoffs, including those labeled as ‘Tether layoffs.’ Tether, which had planned to invest an impressive $500 million in the region—including the establishment of data centers in Uruguay—now cites high energy costs and an uncompetitive tariff structure as key reasons for its withdrawal.

Rumble stock has captured the attention of investors recently, particularly following the announcement that stablecoin giant Tether has acquired an additional 1 million shares of RUM.This significant purchase, valued at approximately $5.75 million, led to a notable spike in Rumble shares, propelling them upwards by over 14% to $6.51 per share.

Tether investment Tether has announced a strategic investment in Kotani Pay, an African cryptocurrency payment startup. This investment aims to…