A research company is offering a big bounty for information leading to previously undisclosed evidence of the reserves behind the Tether stablecoin.
Tether on the spotlight for minting new USDT used for crypto-loan collateral
Tether faces more headwinds as one of its big customers, Celsius Network, confirms giving other cryptocurrencies as loan collaterals.
Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves
Hindenburg Research is offering a bounty of up to $1 million for new information on Tether’s reserves, with the firm asserting Tether is becoming a “systemic” risk to investors.
Regulator Fines Tether $41 million for misleading Fiat-backed claims
Stablecoin Tether has come under intense scrutiny in the press recently as serious questions are raised over it’s one-for-one Dollar backing.
AscendEX Lists Kin Token Under KIN/USDT Pair
AscendEX is excited to announce the Kin token (KIN) listing under the trading pair KIN/USDT on October 19 at 1 p.m. UTC.
Tether Action Sees CFTC Staking Territory In Crypto Oversight
The U.S. Commodity Futures Trading Commission’s $41 million enforcement action against Tether shows the agency carving out its jurisdiction in the federal government’s evolving regulatory regime for …
Stablecoins Like Tether Could Pose New Risks to Securities Markets, Warns Fitch
Stablecoins such as tether (USDT), now a significant investor in the $1.1 trillion commercial paper market, could introduce new risks into short-term securities markets, warns global ratings agency …
UniLend Lists on AscendEX
UniLend is a comprehensive permissionless DeFi protocol that combines both spot trading services and lending and borrowing functionality.
Tether fined again over whether its stablecoin was fully backed
Tether has been hit with a $41 million fine for making ‘untrue or misleading statements and omissions’ over whether tethers are fully backed by US dollars.
CFTC hits Tether and Bitfinex with fines totalling $42.5m
Tether has been hit with a $41 million penalty from the Commodity Futures Trading Commission over misleading claim that its stablecoin was fully backed by US dollars. Separately, the CFTC has fined …
Tether Must Pay $41M After Misleading Customers About Stablecoin Backing
Stablecoin platform Tether will pay $41 million after misleading customers for almost three years by claiming its tokens were backed by sufficient dollar reserves.
CFTC fines Tether and Bitfinex to the tune of $42.5 million
On Friday, the United States Commodity Futures Trading Commission (CFTC), fined Tether and Bitfinex $41 million and $1.5 million, respectively, …
US Regulator Orders Tether To Pay $41,000,000 in Fines – Here’s Why
The Commodities Futures Trading Commission (CFTC) is ordering the entities behind the Tether stablecoin (USDT) to pay $41 million in fines.
CFTC Finds No Issues With Tether’s Operations, But Imposes $41M Fine
The U.S. Commodities Futures Trading Commission released an order in which it claimed no issues with Tether’s current operations.
Could Stablecoins Topple the Crypto Industry?
Stablecoins are a cornerstone of cryptocurrency, but their foundations may not be as stable as first thought. Here’s why coins like Tether could undermine the market.
Why Tether And Bitfinex Were Hit With CFTC Fines Totaling $42.5M
The U.S. Commodity Futures Trading Commission (CFTC) hit crypto exchange Bitfinex and Tether — the firm behind the stablecoin Tether (CRYPTO: USDT) — for violations of the Commodity Exchange Act, or …
Stablecoin Issuer Tether Agrees to $41 Million Settlement with CTFC
Tether made ‘untrue or misleading statements and omissions in connection with the U.S. dollar tether token stablecoin,’ the CFTC said.
Bitfinex and Tether Fined $42.5 Million for Misleading Claims on USDT
The US CFTC announced on Friday that it had filed and settled charges against Tether and Bitfinex, imposing a total civil monetary penalty of $42.5 million.
Tether Issues Statement on CFTC Settlement
As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures …
Tether will pay $41 million over ‘misleading’ claims it was fully backed by US dollars
Tether will pay $41 million to settle allegations by the US Commodity Futures Trading Commission (CFTC) that it made untrue or misleading statements when it claimed its stablecoins were fully backed …
Tether slapped with $41 million fine for ‘untrue or misleading statements’ on fiat currency backing
The CFTC discovered Tether only held sufficient fiat reserves to back its USDT stablecoin for only 27% of the days in a sample period.