Tether

Tether to open-source Bitcoin Mining OS by Q4 2025.
MOS eliminates reliance on costly third-party software.Modular system supports diverse hardware, from Raspberry Pi to industrial farms.Initiative aims to boost decentralization and attract smaller miners.Tether integrates AI platform QVAC for real-time mining optimization.
Tether, the issuer of the USDT stablecoin, announced plans to open-source its Bitcoin mining operating system (MOS) by the fourth quarter of 2025. The move aims to lower barriers for smaller miners and reduce reliance on costly third-party software, fostering greater decentralization in the Bitcoin network.
The decision addresses a key challenge in Bitcoin mining: the dominance of large-scale operations that leverage proprietary software and exclusive hardware deals. By making MOS freely available, Tether seeks to level the playing field, enabling independent miners to compete without financial strain.
CEO Paolo Ardoino emphasized the initiative’s goal of empowering new entrants. “Open-sourcing MOS will allow a wave of new mining companies to join the network, enhancing its security,” he said. The system is designed to be modular, supporting a range of hardware from small-scale Raspberry Pi setups to industrial mining farms.
A Step Toward Decentralization
Tether’s MOS is built to eliminate dependency on third-party vendors, a significant hurdle for smaller miners. Currently, many operators pay high fees for proprietary software, which often favors large firms with better resources. Open-sourcing MOS could disrupt this model, making mining more accessible.
The system includes built-in modules for managing popular mining hardware, cooling systems, and electrical setups. Its flexibility allows developers to create custom plugins, potentially sparking a community-driven ecosystem of mining innovations. Tether also plans to integrate its decentralized AI platform, QVAC, to enhance performance analytics and optimize operations in real time.
This initiative aligns with Tether’s broader push for Bitcoin network decentralization. In April, the company partnered with the Ocean Mining Pool to support censorship-resistant mining protocols, reinforcing its commitment to reducing centralized control in the ecosystem.
Strategic Expansion in Bitcoin Mining
Tether’s open-source move is part of its growing focus on Bitcoin mining. The company has invested heavily in the sector, with $2 billion allocated to mining and energy infrastructure, particularly in Latin America. At the 2025 Bitcoin Conference in Las Vegas, Ardoino revealed ambitions to make Tether the world’s largest Bitcoin miner by the end of 2025.
The MOS release could reshape the competitive landscape. Smaller businesses with surplus power, especially those using renewable energy like solar, may find new revenue streams through mining. By removing software costs, Tether aims to attract a diverse range of participants, strengthening the network’s resilience.
The announcement comes at a challenging time for miners, who face high operational costs and volatile Bitcoin prices. According to CoinDesk, mining profitability has been strained in 2025 due to rising energy costs and market fluctuations. Tether’s initiative could provide relief for independent operators struggling to stay competitive.
Tether’s efforts extend beyond software. Its collaboration with Ocean Mining and investments in regions like El Salvador and Uruguay highlight a multifaceted strategy to expand Bitcoin’s reach. The open-source MOS is expected to launch with detailed technical documentation, ensuring accessibility for developers and miners worldwide.
#BitcoinMining #Tether #OpenSource #Cryptocurrency #Decentralization

🔹 Russian entrepreneur arrested in New York for massive crypto-based money laundering scheme

U.S. authorities have arrested 38-year-old Iurii Gugnin, the founder of a U.S.-based crypto payment firm, who is accused of helping sanctioned Russian entities launder over $530 million. The funds were funneled through American banks and crypto exchanges, often using the stablecoin Tether (USDT).
Gugnin, who lived in Manhattan and operated the companies Evita Investments and Evita Pay, now faces 22 counts, including money laundering, fraud, and sanctions evasion.

🔹 Concealing Russian ties, fake companies, and doctored invoices

Investigators say Gugnin used shell companies, forged documents, and fake invoices to disguise the flow of funds to Russian institutions such as Sberbank, VTB, Sovcombank, Tinkoff, and the state-owned nuclear energy corporation Rosatom.
He allegedly tampered with over 80 invoices and digitally erased any traces linking the transactions to Russia. This allowed him to bypass U.S. financial oversight and manipulate the data to make the transactions appear legitimate.

🔹 Also involved in exporting restricted technologies

According to the U.S. Department of Justice, the scheme went beyond just laundering money. Gugnin also allegedly helped Russian clients obtain prohibited American technologies, including equipment subject to anti-terrorism export restrictions.
“The defendant turned a crypto company into a covert pipeline for dirty money, channeling over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end users obtain sensitive U.S. technology,” said Matthew G. Olsen, U.S. Assistant Attorney General.

🔹 Searched for penalties online, linked to Russian and Iranian agents

Shortly before his arrest, Gugnin reportedly searched phrases like “how to know if the FBI is investigating you” and “money laundering penalties in the U.S.”, indicating he suspected he was under federal scrutiny.
He was also allegedly in direct contact with Russian intelligence agents and Iranian officials, both from countries that refuse to extradite their citizens to the U.S.

🔹 Lavish New York lifestyle despite illegal activity

Despite his criminal dealings, Gugnin lived the high life in New York — paying $19,000 per month for a luxury Manhattan apartment. In fall 2024, he was even featured in a Wall Street Journal article about elite renters in the city.

🔹 He faces an extremely severe sentence — possibly beyond life in prison

If convicted only of bank fraud, Gugnin could face up to 30 years in prison. However, if found guilty on all 22 counts, his combined sentence could exceed life imprisonment.
Gugnin has pleaded not guilty and remains in custody without bail as he awaits further court proceedings.

#CryptoCrime , #MoneyLaundering , #CryptoFraud , #Tether , #russia

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Although this sounds like a ridiculous joke , it is actually true .

The guys from #Tether will launch a new version of the XAUt0 #Token (wrapped gold), and the first network will be $TON .

The whole joke is that the coins are backed by almost 8 tons of real
gold ( bars stored in Switzerland), with a total cap of almost $800M.