Tagged: tether

June 30, 2019 @ 1:25 pm By Cali Haan  |  

Blockdata, a 2018-founded company maintaining a database of “objective information about the companies, projects, products, and tokens that comprise the blockchain ecosystem,” has produced an interesting report about stablecoins called “An overview of the current state of stablecoins.” Blockdata found that so far, at least… Read More

June 15, 2019 @ 10:48 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform and sister company to stable coin-issuer Tether, announced June 14th that buybacks of its LEO token, issued to help cover operational shortfalls, have begun. LEO token bought back are purportedly being “burned” (decommissioned) by the issuer. About a billion tokens… Read More

June 1, 2019 @ 8:15 am By Cali Haan  |  

Tethers, controversial “stable” crypto-coins created to allow quick moves in and out of cryptocurrency trading positions are being introduced onto the EOS network, a newer rival of the Bitcoin and Ethereum networks. Tethers are issued by the Tether company, which announced the plan May 31st… Read More

May 23, 2019 @ 4:16 pm By JD Alois  |  

Matt Branton, CTO of Neutral and architect of Neutral Dollar – an aspiring stablecoin, has slammed stablecoin leader Tether in a statement. Neutral Dollar (NASD) is a stablecoin pegged to a basket of four other stablecoins (USDC, PAX, DAI, TUSD) which just recently went live…. Read More

May 23, 2019 @ 8:26 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform dogged for years by controversy, is launching a platform for the issuing of IEOs (initial exchange offerings). IEOs are essentially a revamped version of the ICO (initial coin offering) except that rather than being sold directly to investors by issuers… Read More

May 10, 2019 @ 8:20 am By Cali Haan  |  

Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… 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 5, 2019 @ 8:49 pm By Cali Haan  |  

Controversial cryptocurrency company iFinex, operator of several crypto exchanges and the issuer of billion-dollar “stablecoin,” Tether, has issued a “marketing document” outlining its plans to create a new IEO (Initial Exchange Offering) token, LEO, that the company may use to cover operating expenses and hypothetically… Read More

May 2, 2019 @ 4:26 pm By JD Alois  |  

TrustToken, a stablecoin issuer building a portfolio of fiat backed crypto, has commented on the Bitfinex and Tether news pertaining to the lawsuit filed by the New York Attorney General alleging fraud. TrustToken threw shade at the targets of the lawsuit saying the news did… 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 @ 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