#USDT

NYAG Accuses Bitfinex and Tether of Mishandling Client Funds; Crypto Market Tanks

April 26, 2019 by Aisshwarya Tiwari at Altcoins, Business, Commentary, News

The New York Attorney General (NYAG) Office on April 25, 2019, published a document alleging cryptocurrency Bitfinex and its popular dollar-backed stable coin Tether (USDT) of colluding to cover $850 million loss in client and corporate funds. Bitfinex and Tether Accused of Misappropriating Client Funds The crypto industry has been...

Stablecoins Still Shakey, Diar Report Indicates

March 19, 2019 by Eddie Mitchell at Commentary, Development, Exchange, Finance, Stablecoins

Tether, a crypto often in the limelight of controversy, is causing yet another stir in the stablecoin industry as its latest Terms-of-Service (ToS) update highlights “pan-stablecoin risks” according to the latest report from digital currency research firm Diar, March 18, 2019. Contentious at Best While being the industry-favorite stablecoin, Tether...

Tether Store Front with Large Crowd in Front

Tether (USDT) Changes Terms, Implies they Are No Longer Dollar-Pegged

March 14, 2019 by Tokoni Uti at Altcoins, Business, Commentary, Development, News

Tether (USDT) is once again the subject of suspicions as it was discovered that some sly changes have been made to their terms and conditions which brings into question their dollar-pegged status. The findings were brought to light via a Reddit post on March 14, 2019. Times Are Changing You’d...

TRON (TRX) Joins Forces with Tether to Issue TRC20 USDT Stablecoins

March 5, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, News

In a bid to increase liquidity on decentralized exchanges (DEXs) and make its network more accessible to enterprises and institutional investors, the Tron Foundation has inked a strategic partnership deal with Tether (USDT), according to a press release on March 4, 2019. Tether (USDT) Set to Go Live on the...

Circle to Integrate NICE Actimize’s Market Surveillance System

March 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Exchange, Finance, News

Circle a U.S-based peer-to-peer cryptocurrency finance company, has contracted NICE Actimize, a leader in Autonomous Financial Crime Management, to implement market surveillance and protection strategy, reports Finextra February 27, 2019. Crypto Market Surveillance In a bid to guard against crypto market manipulation, Circle, a fintech firm that allows users...

CoinFLEX Beats Intercontinental Exchange and ErisX to Launch First Physically-Delivered Bitcoin Futures

January 8, 2019 by Tokoni Uti at Altcoins, Bitcoin, Exchange, Finance, News

According to a January 6, 2019, report from Bloomberg, CoinFLEX, an offshoot of CoinFloor, has launched the first physically-delivered Bitcoin futures, beating out heavyweights like ErisX and Intercontinental Exchange (ICE). CoinFlex has announced that it will begin offering physical Bitcoin futures to investors in Asia as from February 2019. This...

Tether Confirms Banking with Deltec; Latter Confirms $1.8 Billion in Account

November 3, 2018 by Rahul Nambiampurath at Altcoins, Ethereum, Finance, Investment, News, Platform, Tech

Tether Limited, the company developing the USDT stablecoin, has announced a new banking partnership. In a statement published November 1, 2018, the company confirmed long-standing rumors that Deltec Bank & Trust Limited would be the next financial institution to hold its cash reserves. Headquartered in the Commonwealth of The Bahamas,...

Tether Burns More than 500 Million USDT

October 26, 2018 by Cindy Huynh at Altcoins, Business, Finance, News

Tether, the company that issues the world’s largest stablecoin USDT, announced via Twitter that they redeemed 500 million USDT tokens from the Tether treasury wallet. According to the press release published on October 24, 2018, Tether will leave the remaining 466 million USDT in the wallet to prepare for future...

Queensland University Study Finds Tether not Responsible for Manipulating Bitcoin Price

October 3, 2018 by Aisshwarya Tiwari at Bitcoin, Blockchain, News, Platform, Tech

A recent academic study by Dr. Wang Chun Wei, a researcher at University of Queensland Business School, concluded that the “kingpin” of stablecoins, Tether (USDT), had no impact on the price of the bitcoin (BTC) during last year’s cryptocurrency bull run. The study provides an interesting perspective on the claims...

USDT Killer? Circle Announces USDC and Raises $110 Mn in Series E Funding

USDT Killer? Circle Announces USDC and Raises $110 Million in Series E Funding

May 17, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News

Bitmain has led a $110 million investment in Circle Internet Financial, in a funding round that values the company at $3 billion. Circle has also announced plans to launch USDC, a stable coin pegged to USD. Circle Bitmain Partnership The investment is the largest ever raised by a cryptocurrency or...

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