Category: Tether

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 […]

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Too late for Tether ‘FUD’ as Bitcoin price poised to hit $63K, says trader filbfilb

February 10, 2021

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Accusations around Tether bringing down Bitcoin at a later date are dead in the water, the analyst argues in the wake of S&P500 adoption. 16492 Total views 39 Total shares Bitcoin (BTC) will never be the same and it’s too late to use Tether (USDT) as an excuse to be bearish, Cointelegraph Markets analyst filbfilb […]

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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 […]

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After Yearn exploit, attacker funds frozen and reimbursement plans developing

February 5, 2021

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Seized funds bring the damage down to $9 million as multiple communities ponder the next step in reimbursing user funds 2644 Total views 13 Total shares Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim […]

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First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop)

January 27, 2021

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Risks surrounding the stablecoin tether (USDT) have been known for years, but they’re commanding fresh attention as the amount outstanding swells to $25B. Federal Reserve Chair Jerome Powell. (Federal Reserve, modified by CoinDesk) Jan 27, 2021 at 2:00 p.m. UTC First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop) Bitcoin (BTC) […]

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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 […]

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Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

January 22, 2021

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“Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank’s deputy CEO, said on a podcast Friday. (Irk_lig/Shutterstock) Jan 22, 2021 at 2:15 p.m. UTCUpdated Jan 22, 2021 at 2:23 p.m. UTC Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves Tether Ltd.’s […]

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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 […]

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New ‘market fear’ index lets traders bet on crypto volatility

January 19, 2021

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COTI’s new Crypto Volatility Index allows traders to profit from highly-volatile cryptocurrency markets. 5034 Total views 13 Total shares COTI, a blockchain-powered fintech startup, has launched a new cryptocurrency index enabling traders to profit from the market volatility. The new Crypto Volatility Index, or CVI, brings the traditional “market fear index” to the crypto market, […]

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Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment

January 18, 2021

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The security token offering enables investors in select EU countries to share in future profits, Exordium says. Infinite Fleet artwork (Pixelmatic/Infinite Fleet) Jan 18, 2021 at 12:00 p.m. UTCUpdated Jan 18, 2021 at 3:08 p.m. UTC Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment The publisher of the upcoming online […]

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