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"TETHER
Description
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash.
Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash.
Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
Tether Deny Bitcoin Bull Run Manipulation
Reporting on allegations made against Tether’s parent company Ifinex, Tether has released follow up comments to deny any wrongdoing in the market.
Tether CTO: Moving DeFi forward in Asia
Paolo Ardoino, CTO of Tether gives his take on the Decentralized Finance DEFI Ecosystem in Asia standing on the cusp of a global digital banking revolution.
Tether Launches Stablecoin Backed by Offshore Chinese Yuan
Reported in late August, Tether had made plans to add a new stablecoin pegged to the Chinese Yuan, named “CNHT.”
Bitfinex and Tether Face Market Manipulation Class Action Lawsuit
Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history.
Tether Plans to Issue Stablecoin Backed by Chinese Yuan
Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.
Paxos—Regulated and Rising above Trustless Tether and Lost Libra
In this second part of our interview with Cascarilla, he explains why the PAX stablecoin is ultimately superior to Tether and gives his thoughts on Facebook’s Libra project and the nature of money.
$100 Million of Tether Swapped from Tron Network to Ethereum Blockchain
$100 million worth of Tether (USDT) has been transferred from the Tron network, a blockchain-based decentralized operating system, to the Ethereum blockchain.
Bitfinex and Tether Claim Lawsuit Allegations of Market Manipulation are Baseless
BitFinex and Tether have officially spoken out against what they are describing as a baseless lawsuit, designed to undermine the cryptocurrency ecosystem.
Paxful Crypto Peer-to-Peer Marketplace Expands Beyond Bitcoin with Tether USDT Stablecoin
Paxful, the leading peer-to-peer Bitcoin trading platform, announced that it will be adding stablecoin Tether to its crypto payment options.
Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues
Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.
US Court to Determine Which Law Firm Should Lead Classic Action Against Tether
Tether (USDT) stablecoin issuer, IFinex and its subsidiary, Bitfinex exchange are facing charges of allegedly manipulating the price of Bitcoin in 2017. Although the company, on the other hand, is vehemently in denial of the charges levelled against it.
Binance Coin Unseats Tether to Become The Third-Largest Crypto As it Soars To a New All-Time High
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has just unseated Tether (USDT) as the third-largest crypto by market cap.
Legitimacy of SEC Clampdown on XRP Cryptocurrency Questioned by TechCrunch, but will Tether be Next?
The founder of TechCrunch Michael Arrington discussed the Securities and Exchange Commission’s lawsuit against Ripple Labs over XRP.
DOJ's Crypto Regulation Report Overview: Bitcoin, Tether, Ether, Litecoin, and Ripple
US authorities are tightening regulations on cryptocurrencies. Here is an overview of what their recently released report suggests.
The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.
Bitfinex and Tether's Appeal Rejected by New York Judge
Judge Cohen reportedly decided to give a 90-day extension to the case, which will give the New York Attorney General’s office to continue investigating. Judge Cohen also dismissed Bitfinex and Tether’s motion to appeal after the ruling.
Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up
The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.
Tether Brings into Play Anti-Money Laundering Solutions with Chainalysis Tool
Tether, the most leveraged stablecoin provider based on market capitalization, has deployed a tool provided by Chainalysis, a blockchain analytical company, in its quest to have anti-money laundering (AML) compliance solutions
Tether becomes First Stablecoin to be Integrated into Algorand 2.0 Blockchain
Tether, a reputable stablecoin provider, has incorporated its U.S. dollar-backed stablecoin USDT into Algorand’s blockchain ecosystem. Tether’s presence on Algorand will facilitate block confirmation in less than four seconds and transaction fees will be a fraction of a cent.
Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading
During the March 12 stock market crash instigated by the coronavirus pandemic’s disruption to the world economy, cryptocurrency exchanges experienced a massive sell-off of Bitcoin and Ethereum. When the liquidation panic finally settled down, Bitfinex emerged as one of the few exchanges that had been able to take the extreme volatility in stride.
Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019
Tether and cryptocurrency assets valued at nearly $50 billion left China in 2019 according to Chainalysis.
Tether's Blockchain Ecosystem Continues to Grow with USDT Launch on Bitcoin Cash Network
Tether’s USDT token, the world’s largest stablecoin by marketcap, has launched on the Bitcoin Cash network. USDT is also available on Algorand, EOS, Tron, Omni and the Liquid Network.
Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?
On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggest ?
Justin Sun Tweets Tron just Issued $1.3 Billion in Tether, Here's What it Means for Crypto
While the broader cryptocurrency market is still reeling from a multi-year bear market since 2017, stablecoins like Tether are seeing action. Billions of dollars in USDT have been issued since its launch and the addition of Tron-backed stablecoin issuance, coupled with the now-concluded Bitcoin halving, signals a volatile period ahead for crypto traders and investors.
"Buckle Up" For Bitcoin's Next Bull Run, Cameron Winklevoss Says
Gemini co-founder Cameron Winklevoss believes that the next Bitcoin bull run coming up will be "dramatically different,” due to the innovative financial resources that crypto investors have access to nowadays and to the current economic infrastructure.
Bitcoin Rallies As Tether FUD Clears and Square Reveals $170 M Purchase, But BTC Downtrend Not Over
The Bitcoin price has rallied as the Tether FUD clears and Square revealed an additional $170 million BTC purchase, however, analysis reveals the BTC downtrend is not over.
Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation
Two US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin prices. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because of their alleged involvement in the manipulation of Bitcoin price during the bull run in 2017.
Brock Pierce Served for Securities Fraud in Connection with His Blockchain Company Block.one During Electoral Campaign
Presidential hopeful Brock Pierce was served a court summons during his electoral rally at his new headquarters in New York City today.
Bloomberg’s Damning Report on Tether Receives Response from the Stablecoin Issuer
Where is Tether keeping its stablecoin reserve? A Bloomberg reporter has asked this and many more questions. Tether fires back as the allegations are made.
Hindenburg Research Hunts $1M Bounty for Information on Tether's Dollar Reserve
Hindenburg Research is offering a $1 million bounty to anyone that can provide information about Tether’s stablecoin reserves.
Tether Tokens (USDt) Community and Utility Pushes Market Cap Over $20 Billion
Tether.to, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has surpassed US$20 billion, driven purely by community and utility.
USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means
According to an assessment from Glassnode, the amount of stablecoins being deposited on exchanges is an indication that things are turning bullish for Bitcoin.
Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight
The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.
Tether Has Enough Reserve for its Issued Tokens, Audit Firm Says
Moore Cayman, an Independent Auditor has validated that Tether Holdings has enough reserve cash for its issued stablecoin of the USDT.
Understanding the Profound Impact of Stablecoins on Traditional Finance
Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.
Tether’s Market Cap Surges By $1 Billion in Just 9 Days to Hit $19 Billion
The market capitalization of leading stablecoin Tether (USDT) has been on a roller coaster ride after surging by $1 billion in a record 9 days to hit $19 billion.
Stablecoins Hit $20 Billion by Market Cap Milestone, More Investors Favouring Tether as Hedge
Stablecoins have made incredible crypto gains, achieving a milestone of $20 billion per market capitalization in September.
Myanmar's Shadow Political Entity Adopts USDT as its Primary Currency
Myanmar’s shadow political entity, the National Unity Government (NUG), has reportedly adopted the Tether (USDT) stablecoin as its primary currency to bypass the sanction from the military regime.
Could Brock Pierce's Presidential Campaign Damage the Crypto Industry? Tether's Legal Troubles Resume
Brock Pierce’s run for President of the United States may have come at the wrong time, as the New York Supreme Court today ruled that Bitfinex and Tether must face up to allegations that they concealed the loss of commingled corporate and client funds amounting to over $850 million.
OKEx Allows Traders to Purchase Tether through Brazilian Reals via PIX
OKEx exchange officially announced establishing a strategic partnership with CuboPay, a local payment processor in Brazil. Exchange users are now allowed to use Brazilian real through PIX in exchange for Tether purchases.
Hong Kong Customs Arrests Four Men in Alleged $155M Crypto Laundering
Hong Kong Customs announced Thursday that the authority had dismantled a local cryptocurrency money-laundering syndicate involving HK$1.2 billion ($US 155 million). The operation is considered the first case for the same kind in the city.
US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation
The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.
Tether Executives Placed Under Investigation Radar By US DOJ Over Bank Fraud
Tether Executives and the firm are up for probe by the US department of justice on accounts of bank fraud
$1 Million in USDT Refunded After DeFi Mistake
Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.