Tagged: tether

Veriscope to Solve FATF Travel Rule-Related Crypto Compliance Issues? Testing Underway

Tether Operations, the company operating the blockchain-enabled platform tether.to, has commenced operations with Shyft Network, starting with active testing of Veriscope, its decentralized compliance framework and smart contract solution to the Financial Action Task Force’s (FATF) Travel Rule. The initiative will assist virtual asset service… Read More

Synonym Introduces the Architecture for a Self-Sovereign Bitcoin Economy Supported by Lightning Network

Synonym Software Ltd, a firm founded with the goal of bringing self-ownership and control to the crypto-asset ecosystem by “creating an open and free web of trust” has officially launched today (on November 16, 2021). As mentioned in an update shared with CI, the preface… Read More

RSK Expansion to Increase Filipinos’ Stablecoin Access

Smart contract platform RSK’s expansion throughout the Philippines will result in more access to stablecoins for investors living in the country. Given their peg to existing assets such as fiat currencies, precious metals and, on occasion, other cryptocurrencies, stablecoins are less vulnerable to the wild… Read More

USDt Now Available on Avalanche, Market Cap North of $73 Billion

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

Short Tether: Hindenburg Research Offers $1 Million Reward for Details on Popular Stablecoin with Bounty Program

Short-seller Hindenburg Research has initiated the Hindenburg Tether Bounty Program as it seeks information “undisclosed details” on the backing of Tether (USDT). Tether is the most popular stablecoin with a market cap of around $70 billion. Tether is a dollar based stablecoin that is ostensibly… Read More

Tether Issues Statement on CFTC Settlement

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… Read More

CFTC Commissioner Stump Comments on Tether/Bitfinex Enforcement Action: Concerned About Regulatory Confusion on Stablecoins

At the same time the CFTC announced its enforcement actions against Bitfinex and Tether, Commissioner Dawn D. Stump has issued a statement regarding the action by the regulator. Commissioner Stump says she agrees with the action taken by the Commission while expressing her concern regarding… Read More

Tether, Bitfinex Ordered to Pay Over $42 Million in Fines by CFTC

The Commodity Futures Trading Commission (CFTC) has ordered Tether and Bitfinex (iFinex) to pay $42.5 million in fines, according to a statement by the regulator. Tether, a leading dollar-based stablecoin, must pay $41 million in regards to claims that Tether (USDT) was fully backed by… Read More

Sovryn (SOV), a Bitcoin or BTC-Native App for Decentralized Lending, to be Listed on AscendEX

AscendEX will be listing Sovryn (SOV) under the trading pairs SOV/USDT and SOV/BTC, beginning on September 15, 2021 “at 1:00 p.m. UTC, 2021.” Sovryn is notably one of Bitcoin (BTC)’s fastest-growing ecosystems. It’s the first Bitcoin-native application that will enable users to access decentralized trading… Read More

P2P Bitcoin, Ethereum Exchange Paxful Integrates Lightning Network for Faster, Cheaper BTC Transfers

Paxful, an established and globally accessible P2P Fintech platform, reveals that it has performed an integration on the Lightning Network. More than 7 million Paxful users will now be able to “leverage the power of the Lightning Network, a system built on top of the… Read More

China Evergrande Group Flashes Default Warnings, Tether Says We Don’t Hold its Debt

As has been widely reported, China Evergrande Group (HKEX:3333), China’s second-largest property developer, is flashing default signals on its corporate debt.  In a corporate statement Evergrande said that the company expects a “significant continuing decline in contract sales in September, thereby resulting in the continuous… Read More

Canadian Crypto Exchanges Banned from Trading Tether

Last month Coinberry became the first “pure-play registered crypto trading platform” in Canada. At that time, Coinberry CEO Andrei Poliakov commented: “Canadians have been seeking a safe, trustworthy, and regulated platform to acquire crypto assets for far too long. We are finally thrilled to offer them… Read More

Bitcoin focused Blockstream Acquires $210M via Series B Financing, Firm Now Valued at $3.2B

Bitcoin-focused firm Blockstream reveals that it has secured $210 million in capital as part of their Series B round at a $3.2 billion valuation. Blockstream’s investment round was led by Baillie Gifford and iFinex, the operator of Bitfinex. As mentioned in the announcement, this new… Read More

Recent Tether Disclosures Answer Some Questions, Raise New Ones

Cryptocurrency investors this week learned more about how Tether shared more information on how it manages its reserves, as its seeks to reassure investors it can safely manage its role as a stablecoin linked to the US dollar. The third biggest cryptocurrency after BTC and… Read More

Bitfinex Derivatives to Offer Perpetual Contract for Solana, Company CTO Paolo Ardoino Anticipates Great Demand for Product

Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,”… Read More

Curve Finance, Adds Support for Tether Stablecoin Pegged to Euros – EURt

Curve Finance, an automated market maker protocol developed for swapping between stablecoins and various other crypto tokens with low fees and slippage, reveals that it will be supporting Tether tokens pegged to the euro (EURt). The addition of EURt to Curve — a protocol developed… Read More

William Callahan, Director of Government and Strategic Affairs at Blockchain Intelligence Group, Says Money Launderers Benefit from Volatility

William Callahan, Director of Government & Strategic Affairs at Blockchain Intelligence Group,  has noted that Tether CTO and General Counsel had made an appearance live on CNBC last week. William has asked us whether we think the U.S. Department of Justice was watching this “slow… Read More

Decentralized Lending Protocol C.R.E.A.M Finance to Offer Euro backed Tether Tokens, EURt

C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

Tether Management Said to be Target of Criminal Investigation by US Department of Justice

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

Jeff Dorman of Arca: “Tether is the biggest systemic risk to the digital assets ecosystem”

Jeff Dorman, Chief Investment Officer at Arca – an “institutional-grade” digital assets firm, threw some shade at the world’s largest stablecoin today. Dorman noted in a blog post that he is hearing that several macro and credit funds are trying to short Tether – a… Read More

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