Tags : Tether

Regulation

Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The US Department of Justice (DoJ) investigation is focused on conduct that occurred years ago, scrutinizing whether Tether failed to disclose to banks that […]Read More

Regulation

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets. “Tether, which is the giant stablecoin, could be basically the Achilles heel of the entire Bitcoin operation, which is very worrisome because we don’t know what they own,” he told The […]Read More

Regulation

US Feds want to tame ‘wildcat’ stablecoins like Tether and

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins. According to the authors, regulating issuers as banks and introducing a central bank for digital currency (CBDC) would help […]Read More

Bitcoin

Wall Street veteran says these Tether risks are behind crypto

Wall Street veteran says these Tether risks are behind crypto market selloff Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Caitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to […]Read More

Cryptocurrency

Polkadot’s network prepares to welcome Tether USDt

Polkadot’s network utility is about to experience a significant boost. With the upcoming parachain rollout, the protocol will finally realize its scalable multi-chain architecture.  Although the new functionality is currently running on a testnet, developers are already preparing for it.  Enjin recently announced the launch of a next-generation NFT blockchain on the Polkadot network called […]Read More

Bitcoin

Clear Skies For Bitcoin As Tether Settles With NYAG

A dark cloud has been lifted from Bitcoin, and it could mean clear skies for the crypto market for here on out. Why? The most dangerous potential “black swan” hanging over the crypto market for years, has now been significantly derisked. According to breaking news, the company behind the stablecoin Tether and crypto exchange Bitfinex, […]Read More

Bitcoin

Bitcoin jumps $4,000 as Bitfinex and Tether settle with New

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today. $18.5 million fine Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a long-running case that saw the […]Read More

Market

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

Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin. In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the […]Read More

Market

Risks Nobody’s Ever Seen, From the Fed to Tether (and

Bitcoin (BTC) was lower, though staying in its range over the past six days, between roughly $30,000 and $33,000.  Cryptocurrency traders and analysts planned to keep an eye on an expected Federal Reserve announcement Wednesday at 2 p.m. in Washington (19:00 UTC), detailing the U.S. central bank’s latest monetary-policy plans as the coronavirus continues to […]Read More

Market

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

Stablecoins are a key cog in the cryptocurrency machine. The recent bull market has rekindled a long-simmering debate over whether the biggest such coin is, well, stable. While bitcoin, ether and altcoins have seen astounding price rallies over the past four months, some of the most important growth has been in the cryptocurrencies known as […]Read More