Cryptocurrency News
There is always one development in the cryptocurrency space that will leave people puzzled. Barring all of the CoinMarketCap controversy, the big news this weekend is how Tether overtook XRP in market capitalization. The total valuation of individual projects tied to the cryptocurrency space is always evolving. Tether Jumps Over […]
Tether has proven to be a very popular stablecoin in the cryptocurrency. It is also making Bitfinex a ton of money, and will likely continue to do so for some time to come. With a market cap of $4.655 billion at the time of writing, Tether remains incredibly popular. Tether […]
Bitfinex and Tether have come under a lot of scrutiny in recent years. So much even that an official lawsuit was filed against both of these companies. Both Tether and Bitfinex were allegedly involved in bitcoin price manipulation. The Tether Manipulation Lawsuit is Revised Those claims have never been officially […]
Tether has come under scrutiny time and time again in the past year and a half. It now appears the company faces another lawsuit in Washington State. The new lawsuit was filed on November 22, and addresses both Tether and Bitfinex. Another day in Court for Tether and Bitfinex It […]
Stablecoins continue to play an increasing role of importance in the crypto industry. Particularly Tether’s USDT remains one of the most prominent offerings. SinpleSwap now lets users convert USDT in between all the supported chains this asset is issued on. An interesting option, although it is unclear how useful it […]
Every project active in the cryptocurrency and blockchain industry will be scrutinized sooner or later. In the case of Tether, there has been a fair amount of scrutiny at virtually every turn. Especially now that everyone’s favorite – or most-hated – stablecoin is migrating to even more blockchains, significant concerns […]
It has been at least a full week since the latest debacle involving Tether and USDT got some attention. This long wait is now over, by the look of things, as the company successfully printed $5bn USDT in quick succession, prior to burning the majority of these tokens shortly after. […]
At press time, bitcoin is still up for the most part, but down compared to where it has been over the past week. Currently, bitcoin’s price is just over $10,100, which is down from where it was this morning at $10,300, and it seems to be falling by $100 or […]
Every time the Bitcoin price shows signs of moving up, it is a matter of time until enthusiasts find some sort of link to potentially worrisome Tether behavior. These correlations will always be present, as not everything that happens is an illegal course of action. The recent “printing spree” Tether […]
It has been one of the dominating revelations in recent times for the crypto industry. The $850 million Bitfinex-Tether scandal has grabbed all the headlines in the past month. Since the New York Attorney General announced an investigation into the two firms, the industry has waited with bated breath to […]
Tether is on the spotlight, again. This time, the largest stablecoin in the market is at the center of an alleged $850 million cover-up. The New York attorney general Letitia James obtained a court order yesterday enjoining iFinex Inc., the operators of Bitfinex as well as Tether Limited, accusing the […]
Just like a moth to a flame, Tether always finds a way to steer itself into controversy. In the past, the crypto community has questioned its U.S dollar pegging. Some reports have also accused the stablecoin of being used to influence bitcoin’s price. And now, it’s back on the headlines […]
There are always peculiar developments in the cryptocurrency to take note of. Especially where stablecoins are concerned, there are plenty of things to take into consideration. Tether, the creators of the USDT stablecoin, are now bringing their popular token to the Tron network. This development further confirms the Tron blockchain […]
They may have been fierce competitors in the past, but Coinbase and Circle have now come together to boost Circle’s USDC stablecoin. Known as the CENTRE Consortium, the joint venture between the two industry giants aims to take the lead in the stablecoin market by ‘establishing the standards required and […]
At press time, the father of cryptocurrency has moved up from its recent drop and is trading for over $6,400. While this doesn’t compare with the oh-so-spectacular $6,500 range of roughly one and two weeks ago, the currency is making headway considering its recent – and frightening – drop to […]
It would appear Tether’s stability struggles are not over just yet. The current still remains below $0.97 for the second day in a row, and it seems retaking the $1 level will be challenging. In fact, the only exchange trading USDT at the correct price is Bitfinex, which won’t really […]
No one will deny Tether’s USDT stablecoin is a bit controversial. That image has only been reinforced today, as the currency proves to be anything but stable in value. A current market dip pushes the below per USDT below the $0.96 mark. A very odd situation for a currency allegedly […]
A lot’s happening in the bitcoin space. For one thing, the Securities and Exchange Commission (SEC) has pushed their decision-making process regarding the VanEck SolidX bitcoin ETF to December. Previously, they had scheduled their decision for September 30 – approximately eight days from now – which, in turn, was a […]