Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers: how Deltec accounts for its reserves, and why they didn't show up on Crypto Anonymous's blog post...
iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine's day https://t.co/NgozuAMDVY -- The post Breaking: Bitfinex and Tether Seeks 30-day...
The document production process has already stretched over a year.
A look at the STABLE ACT and its impact upon a burgeoning market
Reading Time: 2 minutes A Medium piece that accused Tether of pumping the Bitcoin price has been criticized by several high-profile crypto figures The piece made the same arguments that Tether is illegitimately issuing billions of USDT tokens The arguments were...
The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous...
Tether has strongly implied that its USDT stablecoin is not backed by Bitcoin, following unclear statements from its banking partner Deltec. Deltec Invests In Bitcoin Hugo Rogers, Chief Investment Officer of Deltec Bank, recently announced that his firm invests some customer funds in...
Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?
Tether is a cryptocurrency pegged to traditional fiat currencies and backed 1:1 by reserves of these traditional currencies held in accounts under Tether’s control. There are currently Tether tokens backed by US Dollars (denoted by the symbol USD₮) and by Euros (denoted by EUR₮...
Tether: The biggest stable coin by market cap will be having a critical turning point. Tether case: The famous case of NYAG (New York Attorney General) vs iFinex. This case has been ongoing since April 2019 and has an important date on 15th of January 2020. By this date, iFinex has to submit all supporting documents for the minting of Tether to...
Deltec, Tether's Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and "cash equivalents," as well as "other assets and […]
Reading Time: 3 minutes Stuart Hoegner, Bitfinex General Counsel, has largely failed in an attempt to convince the crypto community that Tether is 100% backed Hoegner appeared on the What Bitcoin Did podcast to answer the long running claims made against the company The...
The previous record of 1.5 billion USDT was set the week before last.
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