Archives

May 24, 2021 @ 2:53 pm By JD Alois  |  

Tether (USDt) saw its market cap top $60 billion as crypto investors sought a safe haven during the most recent crypto crash. Currently, Tether is hovering below $60 billion as crypto markets appear to be recovering and Bitcoin has bounced by over 15% in the… Read More

May 16, 2021 @ 11:57 am By Omar Faridi  |  

Tether, the world’s largest stablecoin issuer, recently published a detailed Breakdown of its Reserves. Tether Holdings Ltd has shared the breakdown of the different categories of assets that form “the basis” of Tether’s issued USDT token reserves (at March 31, 2021). Tether‘s management noted that… Read More

April 1, 2021 @ 9:22 am By JD Alois  |  

In a post on its site, Tether Holdings Limited said a recent assurance opinion by Moore Cayman confirms that “information in the company’s Consolidated Reserves Report is accurate.” The report, a snapshot document from February 28, 2021, indicates that at that time Tether effectively held… Read More

July 21, 2020 @ 9:57 pm By Omar Faridi  |  

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More

June 22, 2020 @ 7:16 am By Omar Faridi  |  

Tether Ltd, the company behind the world’s largest stablecoin USDT, has reportedly made a $10 million equity investment into the operations of the Celsius Network, a leading digital asset lending platform, which now has a $120 million pre-money valuation and $150 million post-money valuation. Celsius… Read More

June 21, 2020 @ 3:35 pm By Omar Faridi  |  

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

May 31, 2020 @ 10:25 pm By Omar Faridi  |  

Tether, the blockchain-powered platform that’s used to power the largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial money market protocol, have reported a significant increase in demand for Tether (USDT). They claim that the surge in demand for USDT may be… Read More

March 12, 2020 @ 7:13 pm By JD Alois  |  

Bitcoin, frequently labeled as an uncorrelated asset providing a safe harbor when more traditional investments, like stocks, have fallen down, has been crushed this week. Similar to just about everything else. Following a recent rise to over $1o,000 per BTC, the world’s most popular crypto… Read More

March 11, 2020 @ 6:39 pm By Omar Faridi  |  

Tether Ltd., a blockchain-powered platform that powers USDT, the world’s largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial protocol, are working cooperatively in order to promote the wider adoption of USDT in the evolving decentralized finance (DeFi) industry. USDT is used… Read More

January 31, 2020 @ 7:56 am By Omar Faridi  |  

Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confirmed it will support margin trading for XAU₮ with trading pairs for major fiat currencies including the US dollar and Bitcoin (BTC). Bitfinex’s… Read More

January 27, 2020 @ 2:52 am By Omar Faridi  |  

Tether Ltd., the firm that issues the world’s largest stablecoin USDT with a market capitalization of more than $4.6 billion, recently announced the launch of a new product, called Tether Gold (XAU₮), which will provide the “security of a digital asset pegged to physical gold”… Read More

January 17, 2020 @ 4:02 pm By JD Alois  |  

Tether, the stablecoin that has endured a good share of challenges, has issued a statement on pending lawsuits targeting the company. According to a release,  the plaintiffs in three class action proceedings against Tether filed a letter with the U.S. District Court for the Southern… Read More

November 16, 2019 @ 4:20 pm By Cali Haan  |  

Tether Inc, makers of a popular cryptocurrency that mimics USD (“tether” or USDt), has asked a judge in New York for permission to file a motion to dismiss a class-action suit filed against the company last month. The suit alleges that parties at Tether Inc and… Read More

September 14, 2019 @ 6:33 pm By Cali Haan  |  

The unexplained recent migration of almost a billion USD-pegged tether cryptocoins to the Ethereum network has caused 100 000 transactions to get “stuck” in processing there, Trustnodes reports. (Graphic courtesy of Trustnodes) The controversial tether coins have been moving from their native OMNI network and other… Read More

September 9, 2019 @ 3:37 pm By Cali Haan  |  

Controversial stablecoin issuer Tether has launched its promised “CNHt” coin, which is designed to act as a cryptographic proxy of offshore Chinese yuan (CNH). The coin will run as an ERC-20 token on the Ethereum network. Offshore Chinese yuan (CNH) added to our basket of… Read More

August 23, 2019 @ 12:35 pm By Cali Haan  |  

Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More

August 19, 2019 @ 6:38 pm By Cali Haan  |  

Skeptical crypto-twitter commentators are throwing shade on the controversial stablecoin Tether, claiming a correlation between recently stable cryptocurrency prices and the cessation of “printing” at Tether, a company that has minted more than $4.15 billion synthetic USDs for the use in trading of cryptocurrencies. Self-declared… Read More

May 7, 2019 @ 7:51 am By Cali Haan  |  

iFinex, parent company of the Bitfinex cryptocurrency exchange and creator of Tether, the world’s most popular “stablecoin” cryptocurrency, has asked a court in New York to “vacate” (render void) ex parte orders issued by the Attorney General of New York compelling iFinex to produce comprehensive… Read More

May 2, 2019 @ 7:41 am By Cali Haan  |  

A lawyer for iFinex, the company behind the Bitfinex cryptocurrency exchange and”stablecoin” Tether (USDT), has admitted in an affidavit that the company only has enough cash on hand to cover 74% of the tethers it has issued into cryptocurrency trading markets. In the affidavit, “Stuart… Read More

May 1, 2019 @ 12:09 pm By JD Alois  |  

The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More