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 crypto exchange, for mishandling clients’ funds leading to a possible $850 million loss. Unfortunately, Tether’s reserves were used to cover up the loss. Tether…
Report: Tether USDT Only 74 Percent Backed by Fiat
April 30, 2019
Tether, the company behind the USDT stablecoin, has released a document detailing its fiat holding…
Status Implements Security Measures to Offer Secure Messaging, Financial Transactions, and Browsing
April 30, 2019
While most cryptocurrency projects
claim to offer privacy and anonymity to their users, not many do…
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…
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…
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…
Tether (USDT) Losing 30% Of Its Market Cap A Blow, BitConnect Tokens?
April 26, 2019
Tether and BitFinex have been hovering from controversy to controversy in the last few months. Now…
Bitcoin (BTC) Hits $5,200 As Tether News Propagates, Traders Flee Bitfinex
April 26, 2019
Bitcoin In Death Throes? Tether Comes Under Fire
Wow. What a past 120 minutes its been for the…
Breaking: Tether, Bitfinex Sued By New York Authorities, Bitcoin Doesn't Budge (Yet)
April 25, 2019
Tether, Bitfinex Comes Under Legal Pressure
According to reports from The Block and the Wall…
TUSD Creator Bets on Stablecoin Adoption and Announces Four New Tokens for Australia, Canada, Hong Kong and Europe
April 25, 2019
The increase in the price and trading volume of various cryptocurrencies has promoted a lot of…