Tagged: tether

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 @ 6:54 pm By Cali Haan  |  

“Processed hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges.” The Federal Bureau of Investigation (FBI) has arrested American citizen Reginald Fowler, 60. The US Attorney for the Southern District of New York has charged him with bank fraud, conspiracy… 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

April 29, 2019 @ 2:38 pm By Cali Haan  |  

Researchers at LongHash, “a global blockchain incubator supported by the Singapore government,” have concluded that surging stablecoin trading volumes corresponded with a sudden 15% increase in the price of Bitcoins on April 2nd of this year. On that day, the price of one bitcoin, which… Read More

April 26, 2019 @ 11:33 am By Cali Haan  |  

Chainalysis, an American company at the forefront of cryptoforensics (cryptocurrency transaction investigation), says it has added tracking of four “stable coins” to the suite of coins its “KYT” software can monitor. Chainalysis says its KYT (Know Your Transaction) software has already been being used by,… Read More

April 26, 2019 @ 10:10 am By Cali Haan  |  

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

April 25, 2019 @ 9:13 pm By JD Alois  |  

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

March 4, 2019 @ 3:56 pm By Samantha Hurst  |  

TRON announced on Monday it has teamed up with Tether to issue USDT Tokens on its blockchain platform. According to the duo,  TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) while allowing users to transact and exchange fiat pegged currencies across the… Read More

February 27, 2019 @ 11:03 am By JD Alois  |  

Huobi Global is now offering deposit and withdrawal service for Tether (USDT) in both its Omni Protocol and ERC20 token form. Prior to today, Huobi only offered USDT linked to Bitcoin’s Omni layer. Bitcoin-based USDT and Ethereum-based USDT are considered two separate cryptocurrencies which run on different… Read More

February 7, 2019 @ 2:20 pm By Cali Haan  |  

Give-with-one-hand to old investors and take-with-the-other from the new seems to be an increasing policy in crypto worldwide, and ga-ga serial cryptocurrency creator and billionaire Brock Pierce now proposes to compensate ripped off Mt Gox investors by creating yet another crypto, “Gox Coin,” Tech Crunch… Read More

January 16, 2019 @ 8:53 pm By Cali Haan  |  

Two Belarusian investment companies, VP Capital and Larnabel Ventures, have launched a platform called Currency.com to sell Ethereum-based digital tokens they say represent stocks and commodities like Apple, oil and gold, Yahoo Finance reports. The site will reportedly buy the tokens using other cryptocurrencies. PR… Read More

January 13, 2019 @ 9:29 pm By Filipe Castro  |  

Are stablecoins the future of cryptoassets? In the quest to develop a digital token with the decentralization aspects of bitcoin and none of the associated volatility has sparked interest from many. From talented tech teams, economists and VCs it seems stablecoin projects have the potential… Read More

November 21, 2018 @ 3:45 am By Cali Haan  |  

According to three sources to Bloomberg, a broad investigation into manipulation of cryptocurrency markets initiated last year by the US Department of Justice is now focussing on alleged Bitcoin price manipulation by creators of the Tether cryptocurrency and its origin exchange, Bitfinex. The two businesses are… Read More

November 2, 2018 @ 5:03 pm By Cali Haan  |  

The Financial and Consumer Affairs Authority (FCAA) in the Canadian province of Saskatchewan has issued a warning to investors cautioning them around investing or trading in cryptocurrencies. In its “Using Or Investing In Cryptocurrency? Know The Risks” release issued October 31st, the last day of Investor… Read More

September 10, 2018 @ 10:47 am By Cali Haan  |  

Cryptocurrency trading continues in China despite a ban imposed in September 2017 and escalating countermeasures this summer, The South China Morning Post reports: “Despite multiple attempts by Beijing to shut down all local exchange platforms since September 2017, cryptocurrency trading (has) continued to prosper, with many Chinese… Read More

August 6, 2018 @ 8:07 pm By Cali Haan  |  

“Data Issues” on CoinMarketCap.com over the weekend badly skewed crypto coin price data on at the popular website over the weekend, causing a flurry of confusion on CryptoTwitter. CoinMarketCap attributed the issues to problems with the data feed emanating off coins linked to the controversial… Read More

July 13, 2018 @ 8:23 am By JD Alois  |  

Tether, a provider of tokenized traditional fiat currencies, has selected former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as their Chief Compliance Officer (CCO). Launched in 2014, Tether claims to be the first blockchain-enabled platform to allow traditional currencies to be… Read More

June 21, 2018 @ 4:00 pm By Cali Haan  |  

Tether Limited, the rumour-plagued company that issues a “stable coin” cryptocurrency called Tether, has released documentation showing that, on June 1st, company accounts held enough reserves to back the $2.54 billion dollars of tether the company has injected into many corners of the cryptocurrency-trading ecosystem…. Read More

June 13, 2018 @ 11:29 am By Cali Haan  |  

A finance professor at the University of Texas experienced in fraud detection has alleged that a focussed campaign to inflate the price of Bitcoin and other cryptocurrencies occurred on the Bitfinex exchange last year, the New York Times reports. Professor John Griffin and grad student… Read More

May 24, 2018 @ 12:28 pm By Cali Haan  |  

Spectacular spoofing and wash-trading practices largely regarded as par-for-the-course among veteran crypto traders are coming under the scrutiny of the US Department of Justice and its partner, the Commodity Futures Trading Commission, Bloomberg reports. This investigation is said to be particularly focussed on crypto wash… Read More