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Tether gets Coinbase’s seal of approval, will list on pro offering

April 23, 2021

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Coinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin’s regulatory issues. 6776 Total views 38 Total shares The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform. According to a Thursday announcement, Coinbase Pro has enabled USDT deposits ahead of the trading […]

The perils of suing crypto exchanges after ransomware attacks

April 18, 2021

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In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems. The firm’s United […]

Bitcoin price slides 5% after failing to break $60K — Here’s why

March 21, 2021

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The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. BTC/USD 1-hour candle chart. Source: Tradingview Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness in the $59,000 to $60,500 range. There are three […]

Tether to report reserves and pay $18.5M fine after settlement with NYAG

February 23, 2021

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New York regulators are forcing Tether to be fully transparent about its reserves, at the cost of not serving New York residents. 5949 Total views 37 Total shares Bitfinex and Tether settled with the New York Attorney General office in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to […]

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe

February 5, 2021

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Bitfinex says early Friday it repaid fully of the loan to Tether. (CoinDesk archives) Feb 5, 2021 at 9:12 p.m. UTCUpdated Feb 5, 2021 at 9:19 p.m. UTC Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million […]

Bitcoin ‘ascendant’ as GameStop saga unfolds, Bitfinex CTO says

January 31, 2021

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The GameStop short squeeze and Bitcoin have a lot more in common than appears at the surface, according to Paolo Ardoino. 4052 Total views 14 Total shares The sudden rise of stocks like GameStop (GME) have shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo, […]

Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?

January 26, 2021

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Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is? Tether CTO Paolo Ardoino(Ingrid Weel/Bitfinex ) Jan 26, 2021 at 3:23 p.m. UTC Questions About Tether Just Won’t Go Away. Does the Crypto Market Care? Stablecoins are a key cog in […]

Tether and Bitfinex seek further 30 days to produce critical trial documents

January 20, 2021

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iFinex Inc needs another 30 days to produce trial documents for the New York Attorney General. 12554 Total views 44 Total shares iFinex Inc — the parent company of crypto exchange Bitfinex and stablecoin issuer Tether (USDT) — has written to the New York Supreme Court requesting that its upcoming trial date be pushed back […]

Tether Mints Record 2B USDT in One Week

January 11, 2021

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Jan 11, 2021 at 3:26 p.m. UTCUpdated Jan 11, 2021 at 3:53 p.m. UTC Weekly USDT supply growth since 2017 Tether Mints Record 2B USDT in One Week Tether printed two billion dollar-backed tokens last week, a new record for the leading stablecoin project. Over 24.6 billion tethers now circulate across Ethereum, Tron and Bitcoin’s […]

Relax, Tether won’t be targeted by SEC, says Bitfinex CTO

December 31, 2020

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Paolo Ardoino says Tether hasn’t done anything to warrant any additional investigations from the SEC. 30587 Total views 65 Total shares Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response […]

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