A Swiss Stock Exchange to Launch a CHF Stable Coin
May 24, 2019
Switzerland’s leading stock exchange is developing a stable coin whose value is pegged 1-to-1 with the European nation’s currency, the Swiss Franc. The SIX Swiss Exchange will utilize the stable coin in transactions carried…
Bitfinex and Tether (USDT) Attempt Dismissal of NYAG Case
May 22, 2019
Cryptocurrency exchange Bitfinex and Tether have moved for a case dismissal of the suit pending against them by the New York Attorney General’s office. According to court filings on May 21, the lawyers of Bitfinex and…
Joseph Lubin on Tether-Bitfinex Debacle: "It seems like a really big mess that probably won’t get better"
May 10, 2019
Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, has shared his views on the recent debacle involving controversial stablecoin, Tether, and its parent company Bitfinex exchange. Speaking at the Fluidity Summit…
Tether's (USDT) Negligence deserves Exchanges De-listing
May 2, 2019
Recently, Tether’s general counsel
confirmed that the Tether stable coin (USDT) is not 100 percent fiat backed. This was disclosed in an ongoing case where the New York Office of the Attorney General (NYAG) accused BitFinex, a…
Bitcoin (BTC) Returning To $4,000 Off The Bitfinex, Tether News Might Not Be Bearish
April 28, 2019
Analysts remain divided over how the news that crypto exchange Bitfinex and Tether Limited (USDT’s issuer) are currently in a precarious financial situation will affect Bitcoin (BTC). One analyst has remarked, however, that BTC…
Wash Trading or Defrauding Users in Tether (USDT) May Not Trigger Extradition to the US
April 27, 2019
Tether, the company behind the USDT
stable coin, continues to be the most infamous cryptocurrency firm, ever. Over
the past two years, the company has been accused of numerous shady deals, with
the latest one being the withdrawal of a…
Bitcoin (BTC) Holds Strong At $5,200 As Bitfinex's CFO Assures Funds Will Be Recovered
April 27, 2019
Bitfinex C-Suite Member Assures Shareholders Wow, what a past 48 hours its been for the cryptocurrency industry! Samsung purportedly unveiled plans to launch its own Ethereum-based chain, TD Ameritrade was reported to be on the…
Tether Responds to NY Attorney General Accusation, Users Still Wary of USDT
April 26, 2019
It has been a whirlwind week for crypto investors and the broader crypto market, with Tether and Bitfinex at the center of a growing scandal. While Tether has been the focal point of a number of accusations, including frequent…
