While the wider cryptocurrency market continues to correct, the total on-chain stablecoin volume reached a new high in February. Stablecoin Use Continues to Surge According to a report by The Block, …
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out. A long-standing legal drama finally found resolution on Feb. 23, with …
Bitfinex Settles New York Probe Into Tether, Hiding Losses
The crypto exchange Bitfinex reached a settlement with New York Attorney General Letitia James over allegations that it hid the loss of commingled client and corporate funds and lied about reserves.
Tether Market Cap Hits $34.93 Billion (USDT)
Tether (CURRENCY:USDT) traded 0% lower against the U.S. dollar during the 1 day period ending at 19:00 PM ET on February 25th. Over the last seven days, Tether has traded 0% higher against the U.S.
Tether’s USDT Market Cap Sets New Record Above $35 Billion
This week the market capitalization of Tether’s USDT stablecoin surpassed the $35 billion, further helping it cement its position as the world’s largest stablecoin.
USDT/USD: New York and Tether Conclude a Settlement
USDT/USD has incrementally traded higher as a settlement has been reached between New York and Tether. USDT/USD is trading slightly above 1.0000 USD in early trading today and has maintained a …
Tether And Bitfinex Ends NYAG’s Probe with $18.5M Settlement Fee
Cryptocurrency companies Tether and Bitfinex, have been in the eye of the storm for the past two years. The accusation leveled by a New York […] …
Planning to Short Bitcoin? Better Check China’s ‘Tether Premium’ First
Bitcoin analysts say this week’s quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for crypto markets
This means 5% of Square’s total cash is now stored in Bitcoin. Then there was more good news with the settlement of a long-running legal dispute between Tether Ltd, the company behind the stablecoin …
Tether and Bitfinex agree to pay $18.5m penalty after New York probe
Cryptocurrency Tether and exchange Bitfinex have agreed to pay an $18.5m penalty after New York’s attorney-general accused them of covering up “massive” financial losses. The groups at the centre of …
Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.
What a Transparent Tether Means for Bitcoin
Tether (USDT) is the largest stablecoin in the crypto economy. In the past year it has grown from $2 billion to $34 billion, and serves a systemically important role for traders, exchanges and …
Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off
Bitcoin (BTC) and other cryptocurrencies recovered partially from their biggest sell-off in a month after the New York state Attorney General’s office announced a settlement of a dispute involving the …
Clear Skies For Bitcoin As Tether Settles With NYAG
A dark cloud has been lifted from Bitcoin, and it could mean clear skies for the crypto market for here on out. Why? The most dangerous potential “black …
Tether and Bitfinex to pay $18.5m penalty after New York probe
Cryptocurrency Tether and exchange Bitfinex have agreed to pay an $18.5m penalty after New York’s attorney-general accused them of covering up “massive” financial losses. The groups at the centre of …
Cryptocurrency firms Bitfinex, Tether settle New York AG’s probe for $18.5 million
The New York attorney general’s office settled Tuesday a nearly two-year investigation into the finances and corporate practices of the companies …
Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe
New York’s top law enforcement official had been investigating Tether and Bitfinex over allegations that they tried to cover up $850 million in losses.
Bitfinex Settles N.Y. Probe Into Tether, Hiding of Losses
The crypto exchange Bitfinex reached a settlement with New York Attorney General Letitia James over allegations that it hid the loss of commingled client and corporate funds and lied about reserves.
Bitfinex, Tether owner pays $18.5 million fine to settle NYAG cryptocurrency cover-up charges
The owner of the Tether cryptocurrency and Bitfinex trading platform will pay an $18.5 million fine to settle charges it commingled client and corporate funds to cover up $850 million that went …
Tether and Bitfinex hit with $18.5m penalty in NYAG case
Bitfinex and Tether have finally settled the seemingly never-ending lawsuit with the NYAG, agreeing to pay $18.5 million in penalties …
Cryptocurrency Firms Bitfinex, Tether Settle New York Attorney General’s Probe
The attorney general said the cryptocurrency companies “reckless and unlawfully covered up massive financial losses,” as her office concluded a nearly two-year investigation into their finances and …