• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin Adoption Gap and Institutional Potential

    Tom Lee: 95% of Investors Lack Bitcoin Exposure

    Tom Lee Reports Most Investors Lack Bitcoin Exposure

    Tom Lee Reports Most Investors Lack Bitcoin Exposure

    LuBian Wallet's $1.3B BTC Transfer

    LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Ethereum Foundation Invests in Morpho's DeFi Protocol

    Ethereum Foundation Allocates 2,400 ETH to Morpho DeFi Platform

    Ethereum Foundation Deposits 2,400 ETH in Morpho Protocol

    Ethereum Foundation Deposits 2,400 ETH in Morpho Protocol

    Aptos and NBCUniversal Launch Blockchain-Based Rewards Platform

    Aptos Collaborates with NBCUniversal for New Web3 Platform

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Webus Integrates XRP for Tokenized Travel Rewards

    Webus Integrates XRP in New Reward Platform Initiative

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Tether Denies Abandoning Uruguay Mining Project

Solomon M. by Solomon M.
September 23, 2025
in Bitcoin News
Tether Denies Abandoning Uruguay Mining Project

Tether Denies Abandoning Uruguay Mining Project

Key Points:
  • Tether’s CEO refutes withdrawal from Uruguay’s Bitcoin mining.
  • Committed to $500M mining operations in multiple countries.
  • No material change in Bitcoin price or Tether strategy.
tether-denies-abandoning-uruguay-mining-project
Tether Denies Abandoning Uruguay Mining Project

Tether CEO Paolo Ardoino refutes rumors surrounding the $500 million Bitcoin mining project in Uruguay, stating the company remains dedicated to its operations, according to recent company communications.

Tether’s statement aims to stabilize market concerns and reinforce the firm’s strategic mining investments, impacting Bitcoin’s mining sector without triggering immediate market volatility.

Tether has denied reports suggesting it had abandoned its $500 million Bitcoin mining project in Uruguay. CEO Paolo Ardoino confirmed the company’s commitment to their operations amid public speculation.

Tether’s leadership, represented by Paolo Ardoino, directly addressed rumors, emphasizing continued support for Uruguay mining initiatives. No withdrawal occurred, and Ardoino highlighted Tether’s dedication to local energy infrastructure.

The alleged withdrawal had no immediate impact on the cryptocurrency markets or Bitcoin pricing. Ardoino clarified ongoing investments, countering concerns of reduced market trust.

Tether utilizes profits from USDT reserves to fund these ventures. The project underlines Tether’s goal to be a major Bitcoin miner.

Crypto industry experts see no direct regulatory implications as no official bodies have commented. Tether’s mining position remains consistent with its broader strategy, unaffected by rumors.

Tether’s significant investments demonstrate an unwavering commitment to expanding its presence in the cryptocurrency mining sector.

“Tether supports multiple elements in the local energy infrastructure, while also owning undisclosed shares in third-party mining companies.” – Paolo Ardoino, CEO, Tether
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

FedMining Launches Cloud Mining Platform for Daily Crypto Profits

Next Post

Tether Refutes Claims of Halting $500M Uruguay Project

Solomon M.

Solomon M.

Related Posts

Bitcoin Adoption Gap and Institutional Potential

Tom Lee: 95% of Investors Lack Bitcoin Exposure

by Solomon M.
October 16, 2025

Tom Lee highlights significant Bitcoin adoption gap with 95% of investors uncovered.

Tom Lee Reports Most Investors Lack Bitcoin Exposure

Tom Lee Reports Most Investors Lack Bitcoin Exposure

by Solomon M.
October 16, 2025

Tom Lee claims 95% of investors lack Bitcoin exposure. Predictions suggest upside potential.

LuBian Wallet's $1.3B BTC Transfer

LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

by Solomon M.
October 15, 2025

LuBian-linked wallet transfers $1.3 billion in BTC following DOJ's $15 billion forfeiture case announcement.

Bitcoin Whale Closes $500M Short Positions on Hyperliquid

Bitcoin Whale Closes $500M Short Positions on Hyperliquid

by Solomon M.
October 15, 2025

A Bitcoin whale closed $500M shorts on Hyperliquid, impacting crypto markets.

US DOJ to Seize 127,271 Bitcoin from Scam Network

US DOJ to Seize 127,271 Bitcoin from Scam Network

by Solomon M.
October 14, 2025

US DOJ targets $15B Bitcoin seizure linked to international scams, increasing U.S. digital reserves.

Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

by Solomon M.
October 14, 2025

Spot Bitcoin ETF trading volume surpasses $1 billion within 10 minutes, driven by institutional interest.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.