As Bitcoin mining firing companies, Tether is run on Bitdeer

Bitcoin Miners may be struggling that the price of the largest encrypted currency according to the market value is trading sideways, and investors sell their rights – but Tether Tether Tether bets on one of the largest players in the sector, and buying about $ 32 million in property rights in Bitdeer circulating in April.

SEC file He appears Tether picked up shares with a decrease in Bitdeer shares. The rope did not respond immediately DecipherQuestions, but the company increased its interest in Bitcoin mining space: The company bought a stake in Bitdeer last year, and in March, deposits showed that it increased its share in the company to 21 %.

Stablecoin He said On Monday, Bitcoin will support the surrounding mining pools, as well, by providing them with a retail rate to help mines blocks and reap BTC bonuses.

BTDEER has ended the NASDR Stock Exchange (BTDR) today that is trading at $ 7.62 per share, as it decreased by approximately 67 % on an annual basis and part of fainting at the level of industry, as it lost Bitcoin momentum and the difficulty of mining, making it difficult for miners to restore their costs.

The price of the Mara Holdings shares, the largest mining by market value, has decreased by 26 % so far this year, while large riot platforms of miners decreased to more than 38 %.

Last week, miners workers Bitcoin was quickly unloaded In the feverish sale, the money is likely to collect, data from Cryptoquant has shown.

Bitcoin was recently changing at about $ 85,000, an increase of approximately 7 % during the past week, but it was from its high record near $ 109,000 in January.

Tether is the company behind USDTDigital symbol works on a number of Blockchains. Usdt is the largest stablecoin, the third largest encrypted currency in terms of the maximum market, and is often the most trading encryption code by daily size.

your StablecoinSupported to the dollar, the cabinet, and other investments, and therefore the value of the cryptocurrency such as the currency of Fiat – so that traders can enter and get out of the deals without using a bank.

Tether had legal problems, though. In February 2021, the company Agreed It is no longer for business in New York after he found a two -year public investigation in the country that he had “made wrong statements about” Stablecoin’s support. “

Still, Tether has Refer The quarterly quarter reports and transparency reports as a guide supported by encryption as shown. The company also confirmed to Decipher It works with the major four accounting company to get an independent audit.

Edit James Robin