Yet another reason to dislike Tether: 300 addresses hold 80% of the ‘stablecoin’

Yet another reason to dislike Tether: 300 addresses hold 80% of the ‘stablecoin’
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-8-8 11:30

Infamous stablecoin and pseudo currency Tether (USDT) doesn’t exactly have the cleanest of rap sheets, and if you needed another reason not to trust it, keep reading. According to recent findings from cryptocurrency researchers at Coin Metrics, around 300 entities hold about 80 percent of the Tether currently in circulation, Bloomberg reports.

The figures show that 318 addresses hold $1 million or more in Tether. Compared to Bitcoin, where over 20,000 addresses hold at least $1 million, Tether appears much more centralized. “The concentration of Tether suggests that control of [the stablecoin] is in the hands of a few central…

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Tether (USDT) íà Currencies.ru

$ 1.0004 (+0.02%)
Îáúåì 24H $180.289b
Èçìåíåèÿ 24h: -0.04 %, 7d: 0.02 %
Cåãîäíÿ L: $0.9997 - H: $1.001
Êàïèòàëèçàöèÿ $130.198b Rank 3
Öåíà â ÷àñ íîâîñòè $ 0.999 (0.14%)

tether hold addresses stablecoin million reason another

Èñòî÷íèê: thenextweb.com

tether hold → Ðåçóëüòàòîâ: 25


Ôîòî:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


Ôîòî:

NY Attorney General goes after Tether and Bitfinex for $850M cover-up

The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, Tether. As court documents dated April 24 state, neither Bitfinex nor Tether are licensed to operate in the state of New York, and yet the Office of the Attorney General (OAG) believes New York-based investors did use the exchange to trade Tether.

2019-4-26 12:29


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