After years of “harsh” treatment Tether finally convinces ‘Big Four’ firm to audit USDT

For years, the shortest line of attack against Tether was the demand for a full independent audit. The audit never came, and the company absorbed the reputational cost without visible damage to its position.

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Tether Hires Big Four for First Full Audit, Boosting Trust

Key Takeaways: Tether engages a Big Four company in its inaugural audit.  The analysis will confirm that there are $184B+ reserves supporting USDT.  The move intends to enhance transparency and The post Tether Hires Big Four for First Full Audit, Boosting Trust appeared first on CryptoNinjas.

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'Big Deal': Tether Signs Big Four Firm for First Full Audit

Tether has officially moved to silence its critics by engaging a "Big Four" accounting firm to conduct the most extensive inaugural audit in the history of financial markets.

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Tether taps Big Four firm for first full financial audit to boost transparency

Tether's audit could set a new standard for transparency in digital finance, potentially influencing regulatory practices and market trust. The post Tether taps Big Four firm for first full financial audit to boost transparency appeared first on Crypto Briefing.

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EU approves 53 crypto firms under MiCA, Binance and Tether missing

Six months into the European Union’s full enforcement of MiCA, the EU has authorized 53 crypto-related entities to operate legally across its 30-country economic area. According to a July 7 update shared by Patrick Hansen, Director of EU Strategy &…

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Circle files IPO amid declining profits and stiffening competition — will this shake Tether’s stablecoin dominance?

As Circle files for its IPO, what implications will this have for the broader stablecoin market? Can it challenge Tether’s $160B dominance? Circle comes full circle with its IPO bid Circle, the company behind the USD Coin (USDC) stablecoin, has…

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Tether Appoints New CFO to Audit and Improve Transparency of Its Reserves

Tether appoints Simon McWilliams as CFO, aiming for transparency amid regulatory scrutiny. His expertise may drive a full audit to address past concerns. The post Tether Appoints New CFO to Audit and Improve Transparency of Its Reserves appeared first on BeInCrypto.

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Tether targets ‘full financial audit’, hires Simon McWilliams as CFO

Tether has hired a chief financial officer to tackle lingering audit concerns.

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Tether Names Simon McWilliams as CFO Amid Push for Full Audit

The stablecoin giant is moving toward a comprehensive financial audit as it expands its global operations

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Coinbase CEO: Future stablecoin regs likely to demand full US Treasury backing

Brian Armstrong said his cryptocurrency exchange would delist USDt if Tether cannot comply with any new US legislation.

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Ripple’s RLUSD Eyes Tether’s $137 Billion Market as MiCA Rules Come into Full Effect

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End of Tether in Europe? Uncertainty Looms as MiCA Regulations Take Effect

Tether’s flagship stablecoin, USDT, faces renewed scrutiny in the European Union as the bloc’s landmark Markets in Crypto-Assets (MiCA) regulation prepares to enter its full implementation phase on December 30, 2024. 

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Tether’s USDT at risk as Coinbase set to delist MiCA non-compliant stablecoins

Coinbase, a leading US cryptocurrency exchange, is set to delist all non-compliant stablecoins from its European platform by the end of 2024. The move comes as the European Union’s Markets in Crypto-Assets (MiCA) regulation, which enforces stringent standards on stablecoin issuers, takes full effect in December.

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New charges — new problems: Will Tether survive them?

Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not conducting a full audit of its dollar reserves. Teather is accused of being non-transparent (again) Consumers’ Research analysts…

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Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.

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Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts

Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real-time.

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Tether blacklists $31.4M USDT following FTX's alleged hack, Musk reacts

Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time.

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ETH 2.0 Receives Support From Tether Despite Reports of Delays

The future of ETH 2.0 hangs in the balance, but Tether, issuer of the USDT stablecoin, has fanned the embers of hope among believers by announcing its full support. The post ETH 2.0 Receives Support From Tether Despite Reports of Delays appeared first on BeInCrypto.

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Tether Prepares Full Audit to Improve USDT Reserves Transparency

Tether, the world's largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency on its USDT reserves. The post Tether Prepares Full Audit to Improve USDT Reserves Transparency appeared first on BeInCrypto.

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Tether discloses full reserve breakdown for the first time

Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31.

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StormGain Adds Dogecoin (DOGE), Crypto Meme in Full Swing

The trading platform decided to make DOGE perpetual futures Tether (USDT)-settled. This is probably because this type of contract doesn’t require an active hedge to protect margin exposure.

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Bitfinex has Repaid the $850 Million Loan Owed to Tether in ‘Full’ and ‘Early’

Cryptocurrency exchange Bitfinex has repaid the remaining balance of $550 million of the outstanding loan to Tether, which was the center of allegations of fraud made by the New York Attorney General (NYAG).

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Full Blown Collapse of USDT May Have Huge Effect on Wider Market

Tether and Bitfinex finally had to turn over documents to authorities in New York. They had extended a deadline to produce financial documents to be scrutinized by the courts. If the New York attorney general can find proof of fraud, then the number-three cryptocurrency could be in for a rocky road.

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Ethereum Fees Reach 40 Cent on Tether and MLM

Ethereum fees for a simple transaction have risen to 40 cent for the first time in months. That means the ethereum network is operating at full capacity, with the auction...

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Tether blockchain integrates AML compliance solution from Chainalysis

Chainalysis, the blockchain analysis company, today announced the integration of its compliance solution for Tether, the largest stablecoin blockchain platform by market capitalization. Chainalysis Know Your Transaction (KYT) for token issuers is a real-time anti-money laundering (AML) compliance solution for monitoring a token’s full lifecycle, from issuance to redemption.

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На рынке появилась обеспеченная золотом версия Tether

Компания-эмитент самого популярного стейблкоина на рынке Tether объявила о выпуске обеспеченной золотом криптовалюты. Информация об этом появилась в официальном микроблоге проекта. Tether Gold, the digital asset pegged to physical gold is officially live! Find full details about the only product among the competition that offers zero custody fees and has direct control over the physical […] Запись На рынке появилась обеспеченная золотом версия Tether впервые появилась Bloomchain.

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Tether drags itself into another conundrum as stablecoin clogs up Ethereum’s network

The world’s largest altcoin’s blockchain is apparently suffering from a case of network saturation. Last week, Vitalik Buterin had stated that the Ethereum blockchain was getting full, adding that the consequences leading up to this situation would be higher transaction fees, something which may breach the affordability factor (make it expensive, basically) for some users.

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The Curious Case of the 5bn USDT Misprint by Tether

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.

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China Dominates Stablecoin Crypto Appetite with Over 50% of Global Trading

By CCN: Chinese trading and stablecoin volume account for over half of the transactions sent and received by known parties, in the entire world, according to the latest issue of Diar. China Dominates Global Tether, Crypto Trading Trends Previous research showed certain Western countries far in the lead as far as Bitcoin exchange transaction volume.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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Ethereum (ETH) Price Prediction 2019 – Back to Two or Four Digits? (Late April Update)

Late April Update: Technicals The Bitfinex and Tether saga seems to be dragging the whole market down and Ethereum is no exception. The daily ETHUSD chart looks gloomy with price slipping through support zones in what looks like a free fall.

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“Bitfinex and Tether are Financially Strong – Full Stop” So Says Finex

Bitfinex, which may now be nicknamed the Iron Exchange, has denied allegations by New York Attorney General Letitia James who in a press release stated: “Our investigation has determined that...

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TrueUSD Publishes Audit, Reveals Full U.S. Dollar Backing

TrueUSD, a stablecoin and competitor to industry leading Tether, has announced the results of a full audit that reveals the coins are fully backed by U. S. Dollars. Compared to Tether and the USDT token, TrustToken–the.

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Криптобиржа Bitfinex запустила торги в парах со стейблкоином USDT

Криптовалютная биржа Bitfinex сообщила о запуске двух трейдинговых пар со стейблкоином проекта Tether. Теперь пользователи площадки смогут торговать USDT в парах c bitcoin и Ethereum. We are pleased to announce the launch of USDT markets for both Bitcoin (BTCUST) and Ethereum (ETHUST) in an effort to optimise cross-pair market making capabilities.

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Биржа Huobi добавила поддержку токенов USDT на протоколе ERC-20

Одна из ведущих биткоин-бирж Huobi объявила, что теперь ее пользователям доступна опция ввода и вывода токенов USDT в формате ERC-20. Do you have USDT? You will be able to deposit and withdrawal both USDT-Omni and USDT-ERC20 on 22 Feb (GMT+8).

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На Huobi Global стали доступны операции с токенами USDT в формате ERC20

Компания Huobi Global в эту пятницу объявила о начале ввода/вывода токенов USDT в формате ERC20. Do you have USDT? You will be able to deposit and withdrawal both USDT-Omni and USDT-ERC20 on 22 Feb (GMT+8).

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Bloomberg: Tether Has Full Fiat Reserves For Its Circulating USDT Tokens

CoinSpeaker Bloomberg: Tether Has Full Fiat Reserves For Its Circulating USDT Tokens Bloomberg has recently reviewed the bank statements of Tether for different months over the lasy year and found that they hold sufficient reserves to back its ciculating USDT supply.

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Tether Confirms That It Is Banking With Bahamas-Based Deltec

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited.

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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin

GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).

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Kraken: An Overview of One of Europe's Top Bitcoin Exchanges

In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.

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Tether (USDT) Freeze Linked to Services Not Running Own Node

The market-wide freeze of USDT tokens has been resolved, with the flaw attributed to USDT users not running full Omni nodes.

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Tether Replaced Amid Dollar-Reserve Concerns: DigiFinex

Cryptocurrency exchange DigiFinex on Friday replaced Tether (CRYPTO: USDT) with TrustToken’s stablecoin called TrueUSD (CRYPTO: TUSD). DigiFinex said on its website that it had concerns about the existence of U.

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Tether Replaced Amid Reserve Concerns: DigiFinex

Cryptocurrency exchange DigiFinex on Friday replaced Tether (CRYPTO: USDT) with TrustToken’s stablecoin called TrueUSD (CRYPTO: TUSD). DigiFinex said on its website that it had concerns about the existence of U.

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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

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Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers

Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.

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Tether has to show its fund to a law firm but does not get audited

The company has stopped short of a full audit, however, leaving critics bemoaning  Tether’s inability to settle the solvency debate once and for all. Vocal Tether critic Bitfinexed has been joined by a growing chorus of critics demanding full transparency from Tether, which is part owned by Bitfinex. Tether has now obliged, producing, for the

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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars

Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.

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Tether Shows Law Firm Its Funds But Stops Short of an Audit

Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning  Tether’s inability to settle the solvency debate once and for all.

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Bitcoin Magazine’s Week in Review: Looking Back to See the Way Ahead

It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.

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