Crypto Community Reacts to Tether Admitting USDT Not Fully Backed
According to the company behind it, stablecoin USDT is not fully backed by fiat currency deposits. It was revealed today that the controversial crypto asset firm Tether…
Tag: Tether
NY Attorney General sues Bitfinex and Tether to unearth “fraud being carried out” by the firms
The New York State Attorney General (NYSAG) is suing Bitfinex, the cryptocurrency exchange, and affiliated firm Tether, the company behind the stablecoin of the same…
Changes to Tether’s Terms of Reserves Raises Fresh Concerns
Controversial stablecoin Tether is in the spotlight again after changes to the details of the way in which it backs up tokens in supply. As reported on March…
Tether to Launch New Version of USDT Stablecoin on Tron Blockchain
Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain. For the effort, Tether is partnering with the Tron…
Big Crypto Recovery as EOS Surges 35%: Can Bitcoin Recover to $4,000?
Over the last 24 hours, the crypto market demonstrated one of the strongest single-day rallies since November, as Bitcoin (BTC)rebounded by more than 11 percent from…
US Bills Seeks to Protect Cryptocurrency Investors from Market Manipulation
Two US congressmen introduced bipartisan legislation designed to prevent cryptocurrency price manipulation and position the United States as a leader in the crypto industry. Democrat…
Breaking: Tether Opens $1.8 Billion Bank Account in the Bahamas
Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it has established a banking relationship with a small financial institution based out…
Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz
Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrencyinvestor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in…
More than Half of Top 100 Cryptos Have No Utility: Report
Less than 50% of cryptocurrencies provide any real value or any useful function to the users, a research report by Invest in Blockchain claims. Among the top 100 most…
Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500
Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week’s upswing. The top ten altcoins are solidly regaining strength today, up…