Tag: tether

Jan 22 2021

Is Tether a Fraud? Its Bank Says It’s Not

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...

Jan 20 2021

Tether Use on Tron Passes Ethereum as Low Fees Attract Small Transactions

Jan 20 2021 Published at CoinDesk under tags  ethereum markets news stablecoins tether

Tron USDT volume eclipses Ethereum for the third consecutive week.

Breaking: Bitfinex and Tether Seeks 30-day Extension to Produce Critical Financial Document Before NYAG

Jan 20 2021 Published at Coingape under tags  bitfinex bitfinex vs nyag ifinex news nyag

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...

Jan 19 2021

Bitfinex Says It’s Nearly Done Turning Over Documents to NYAG

The document production process has already stretched over a year.

The Overregulation of Stablecoins

A look at the STABLE ACT and its impact upon a burgeoning market

Jan 18 2021

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

Jan 18 2021 Published at CoinDesk under tags  business europe gaming news stos

The security token offering enables investors in select EU countries to share in future profits, Exordium says.

Tether FUD Criticized by Crypto Twitterati

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...

Jan 17 2021

Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More

Jan 17 2021 Published at Coingape under tags  altcoin news bitcoin bitcoin news btcbusd btcdai

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...

Jan 16 2021

Why Tether’s Reserves Probably Don’t Contain Bitcoin

Jan 16 2021 Published at Crypto Briefing under tags  bitcoin deltec markets nyag reserves

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...

Jan 15 2021

Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?

Jan 15 2021 Published at CoinDesk under tags  blockchain bites news newsletters tether

Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?

What is Tether? Is the USDT Stablecoin Legit?

Jan 15 2021 Published at CoinCentral under tags  articles tether usdt

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 Case: Important Date for Crypto Market

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...

Tether’s Banking Partner Deltec Reveals Investment in Bitcoin

It is not clear if the bank used Tether’s deposits to take positions in the digital currency.

Jan 14 2021

Tether’s Bank Says It Invests Customer Funds in Bitcoin, Raising Questions About Possible Backing

Jan 14 2021 Published at CoinDesk under tags  bitcoin deltec markets news tether

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 […]

Jan 12 2021

Stuart Hoegner Fails to Convince Tether Doubters

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...

Jan 11 2021

Tether Mints Record 2B USDT in One Week

The previous record of 1.5 billion USDT was set the week before last.

Scaling Solution Hermez Network Adds Tether Token to Tackle High Ethereum Fees

Jan 11 2021 Published at CoinDesk under tags  ethereum fees news tech tether

Hermez Network sets out to provide faster and cheaper transactions on Ethereum.

Dec 29 2020

What Are Stablecoins?

Dec 29 2020 Published at CoinDesk under tags  dai diem evergreen explainers learn

A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.

Dec 16 2020

100 Million Tether Transferred from Bitfinex to Huobi

Whale Alert reported the movement of $99.9 million worth of Tether (USDT) between the two exchanges on Tuesday.

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