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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 […]

Eosfinex set to list 18 DeFi tokens from Ethereum

December 10, 2020

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Most major DeFi tokens will be available for trading on Eos. 2699 Total views 6 Total shares Eosfinex, the Bitfinex-backed noncustodial exchange running on the Eos network, announced the listing of more than 15 ERC-20 tokens, primarily consisting of governance tokens of major decentralized finance protocols on Ethereum. The listing is made possible by a […]

Tether’s market cap is growing at a near-record pace

November 27, 2020

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The market cap of USDT swelled by 1 billion over nine days. 30604 Total views 51 Total shares The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs. Paolo Ardoino, who serves as dual […]

Bitfinex to compete with DeFi with new borrowing service

November 11, 2020

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Amid a year of significant growth for the decentralized finance space within the crypto industry, British Virgin Islands-based crypto exchange Bitfinex has unveiled its new lending service today, called Bitfinex Borrow. “Bitfinex Borrow is a borrowing platform,” Bitfinex chief technology officer Paolo Ardoino told Cointelegraph. “This particular offering isn’t about lending out your crypto and […]

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