Tether Banker Says the Stablecoin is Fully-backed

Deltec, the Tether (USDT) banker based in the Bahamas, says the popular stablecoin is fully-backed, downplaying long-standing reports of the integrity of its client’s reserves. The declaration is coming as both Tether and Bitfinex are submitting documents to the New York Attorney General (NYAG) concerning an $850 million embezzlement case from April 2019. Tether isRead More

473 +

Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.

374 +

Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment

The security token offering enables investors in select EU countries to share in future profits, Exordium says.

287 +

Tether’s Bank Says It Invests Customer Funds in Bitcoin

Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300.

365 +

Tether FUD: USDT is Regulated and Market Manipulation Accusation is Just “Nonsense,” says CTO

Tether, which has grown to nearly $25 bln market cap, is following the law, collaborating with the regulators, and registered with FinCEN, said Paolo Ardoino. The post Tether FUD: USDT is Regulated and Market Manipulation Accusation is Just “Nonsense,” says CTO first appeared on BitcoinExchangeGuide.

427 +

Relax, Tether won’t be targeted by SEC, says Bitfinex CTO

Paolo Ardoino says Tether hasn't done anything to warrant any additional investigations from the SEC.

351 +

Tether (USDT) To Face Do or Die Situation in 2021: Messari Report

Tether is the cryptocurrency industry’s biggest threat in 2021, says a report penned by Messari’s Founder Ryan Selkins. The 134-page thesis ventured into the stablecoin’s emergence as a proxy for the US dollar that helps crypto traders getting in and out of their positions quickly on exchanges.

340 +

$10M Investment From Tether Won’t Change Celsius’ Mission of Sharing

Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users.

424 +

New Crypto Bridge Will Make Tether Transactions Cheaper, CTO Says

Bitfinex and Tether CTO Paolo Ardoino says he hopes pToken – a project he has assisted – will make it easier for retail USDT holders to swap their tokens from one chain to another.

358 +

CoinEx Exchange and Simplex Partner to Easily Buy Cryptocurrencies With Credit Cards

On March 31, crypto exchange CoinEx disclosed they will become partners with Simplex in order to aid crypto credit card purchases. As per the exchange’s press release says, CoinEx users are now able to buy 5 digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) with their credit […]

530 +

Tether Says Its Newest Stablecoin Is Backed by Gold in Swiss Vault

Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.

387 +

Circle CEO Says USDC Outpacing Other Stablecoins, Adding Tether’s Greatest Feature is ‘Opacity’

Jeremy Allaire, co-founder, and CEO of Circle, a peer-to-peer payments technology company is making the prediction for 2020. His predictions are solely focused on stablecoins that he believes will continue to show prowess this year.

410 +

NYOAG Plainly Says It Will Blow Up Bitfinex for Defrauding Investors

Coinspeaker NYOAG Plainly Says It Will Blow Up Bitfinex for Defrauding InvestorsThe USDT "token distribution" may start changing in next days due to the bad news for Bitfinex and Tether.

392 +

200 Mln USDT Transferred from Omni to ERC20 as Ethereum Getting Popular En Mass Again

Whale Alert records another massive crypto transfer from the Tether Treasury, but the Tether-Bitfinex CTO says its a token swap from Omni to Ethereum?s ERC20

432 +

Tether Effect: Stablecoin transaction volumes on Ethereum surpasses Venmo

A recent report from TradeBlock found that the total on-chain transfer volume across the largest stablecoins has surpassed Venmo’s total payment volume in Q2 2019. But while many celebrated this as a win for cryptocurrencies, some saw the numbers as overblown and said the two cannot be compared.

456 +

Bitfinex fights back against NYAG, says it never served New York customers

iFinex, the company that owns and operates Tether and Bitfinex, said that the claims made by the New York Attorney General’s office that the companies served New York residents throughout last year were “misleading.

384 +

Metropolitan Bank Says It Shut Down Tether’s Account After 5 Months

Metropolitan Commercial Bank maintained accounts for Tether and affiliated companies for less than half a year before shutting them down.

295 +

Kraken might delist Tether if it turns out to be a scam, says CEO Jesse Powell

Listing of digital assets and tokens can be quiet tricky and the CEO of Kraken, Jesse Powell, believes that cryptocurrency exchanges should maintain a “neutral stance” while listing one.

453 +

Tether Mints $150M USDT, Crypto Twitter Screams Scam While Bitfinex Says ‘Authorized Not Issued’

Tether Ltd. Releases Bank Statements, Showing Proof that It Has Enough USD to Back USDT in Circulation Tether is one of the most popular stablecoins in existence and is also a very controversial one and it has been involved in several scandals over the last few years. Since it gained popularity it had been accused […]

484 +

Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser As Tether Hits Record $3B Market Cap

Bitcoin industry figures are throwing their weight behind predictions Bitcoin price will reach $10,000 soon as Tether’s market cap passes $3 billion. $10K BTC Next? Stablecoin Tether, whose issuing company has continued its activities as normal despite an ongoing US court case, increased its supply by 100 million USDT tokens May 24.

481 +

Tether [USDT]’s volume should be seen as a ‘completely irrelevant metric’, says researcher

Tether [USDT] has been a topic that has been voraciously discussed across the board lately, with the Bitfinex-Tether scandal providing the ground for the controversy surrounding the stablecoin. Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges.

337 +

Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets

A new court filing revealed that stablecoin issuer Tether said that it had invested some of its reserves in bitcoin

388 +

Bitfinex CTO Says Exchange Raised $1 Billion Through Private Placement

Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, claims the company has raised capital for its billion-dollar initial enterprise offering (IEO) through private placements from investors in iFinex Ltd, the parent of both Bitfinex and Tether, in a tweet on 13 May, 2019.

371 +

Bitfinex CTO says $1 billion fund raise complete, is it good for the crypto market?

According to Paolo Ardoino, the chief technology officer (CTO) of Bitfinex, the crypto exchange has completed fundraising of $1 billion in tether (USDT). Ardoino said: “Bitfinex is able to raise 1b USDt in 10 days, in a private sale.

416 +

Bitfinex Secures $1 Billion From Private Investors

Bitfinex, the embattled cryptocurrency exchange, says it raised about one billion in USDT from private investors even amid accusations that the company and Tether covered up losses to the tune of $850 million.

420 +

John McAfee Says Point-Set Technology Puts Bitcoin’s Price At Least $1 Million By End of 2020

A recent article published by U.Today, predicted a Bitcoin bull run could happen sometime soon especially because the coin still shot past $5,500 regardless of the story that recently shocked the market when it was revealed that Tether and Bitfinex through their parent company, iFinex, was involved in an $850 million scam. The article showed […]

398 +

TRON CEO Says Tether Controversy Will Delay User Rewards

Justin Sun, the CEO of TRON, has commented on the controversy that is brewing around Tether, the largest stablecoin in existence. TRON recently introduced a Tether-based coin on its own blockchain, and it is now planning a reward program that will encourage users to adopt the coin.

360 +

Tether (USDT) Circulation 74% Backed by Dollars Says Tether Lawyer

After opening a credit line to Bitfinex, Tether Inc. has announced it practices a form of fractional reserve liquidity.

327 +

Antoni Trenchev of Nexo Says He Isn’t Worried About the Recent Tether (USDT) Controversy

As per an all-new interview with Antoni Trenchev, the Nexo co-founder and managing partner stated that Tether and Bitfinex’s ongoing issues with the New York State Attorney General did not faze him in the slightest — especially since the altcoin market at large had remained relatively stable after it was revealed that the Attorney General’s […]

361 +

Tether Stablecoin Only Has 74% of USDT Backed by Cash and Fiat Equivalents, Says Legal Counsel

Tether has been experiencing some major negative attention lately after rumors started circulating about how the stablecoin is actually backed. However, it looks like Tether’s general counsel is coming out of the woodwork with a little more honesty, as he has confirmed that there is 74% of the stablecoin’s liquidity that is backed by fiat […]

344 +

Bitfinex/Tether hits back at NY AG; says Martin Act action will not hold as USDT falls outside statute’s reach

The drama of the NY Attorney General and Bitfinex/ Tether drama has taken a turn as iFinex Inc. , BFXNA, BFXWW Inc. , and Tether Unlimited released a new document. The 30-page memorandum of law stated that the Attorney General “will not succeed” further questioning its basis on The Martin Act.

383 +

Rumor Says Bitfinex Preparing for Tether (USDT) Exchange Offering

Social media rumors are suggesting that Bitfinex may attempt to raise funds in USDT.

357 +

Analyst says the Tether Dust is Settled and Bitcoin is Back on its Way to $5,500

After the dip in the last 48 hours that brought Bitcoin down below $5,000 on some exchanges, a prominent crypto analyst known on Twitter as The Crypto Monk, has expressed confidence that the dip is over and Bitcoin is on its way back where it belongs – above $5,500.

511 +

Tron [TRX] CEO Justin Sun says partnership with Tether [USDT] is vital for the ecosystem

The Tron Foundation and its Chief Executive Officer [CEO] Justin Sun have been in the news multiple times over the past few weeks because of the number of partnerships and updates coming out of organization’s stables.

352 +

Binance Says Tether (USDT) Belongs To Clients Who Are Customers, Not To The Exchange

Binance, one of the largest cryptocurrency exchanges in the market, has moved over $782 million in Tether (USDT) tokens. Due to this reason, many individuals were wondering what was Binance doing after moving such a large amount of USDT.

391 +

Binance’s Tether [USDT] worth $782 million belongs to its customers, not the exchange, says CZ

Over the years, Bitcoin [BTC] and other cryptocurrencies have grabbed the attention of several institutions and regulatory bodies, mainly due to price swings and its underlying technology, the blockchain.

372 +

“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...

425 +

Bitfinex Denies Loss of Funds Following New York Attorney General Lawsuit

Cryptocurrency exchange Bitfinex has come out to defend its position after the New York State Attorney General filed a lawsuit against the company and Tether for fraud. Bitfinex maintains that the report claiming that it has lost $850 million at Crypto Capital were false.

398 +

Just In: Bitfinex Says It Will Fight This Gross Overreach By The NY Attorney General Office

Bitfinex, which owns the controversial stablecoin Tether, has responded to an order by the New York Attorney General’s office,… The post Just In: Bitfinex Says It Will Fight This Gross Overreach By The NY Attorney General Office appeared first on Invest In Blockchain.

349 +

When Tether Goes Up, Bitcoin and Altcoins Must Come Down: BTC Drops 6%, Expect $4K Fall?

Bitcoin Drops Nearly 6% as Crypto Analyst says, Don’t Expect BTC Pullback to $4,000 USD Pricing Range Bitcoin is playing the game of what goes up, must come down and Tether is the lever in control of the action.

460 +

Justin Sun Says “Tremendous Demand” for USDT-Tron Stablecoin Coming Next Week

The USDT-Tron stablecoin is ready for launch on April 9th that according to Tron founder and BitTorrent CEO Justin Sun is receiving tremendous demand across the globe along with a lot of interest from the institutional investors.

408 +

Bitcoin’s 4th Largest Exchange to Support Tron Stablecoin

The liquidity of the Tron network is about to go to the next level. As we previously reported, Tether is expanding its USDT product to the Tron blockchain. Now the community has heard from a veteran exchange – USDT-Tron is going to list on OKEx.

465 +

Tether’s USDT Stablecoin Not Necessarily 100 Percent Backed By USD

Tether says its coin is backed by “cash equivalents” and “other assets.” But what are these?

302 +

Tether Updates Website, Says USDT Backed by “Reserves,” Not Just Cash

369 +

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

274 +

Bloomberg Crypto Report Says Tether Stablecoin Earned $6.6 Million in Interest in First Half of 2018

Tether (TS) was able to earn around $6.6 million during the first six months of the year according to a report released by Bloomberg on December 18. With the US Dollars reserves that it has across different banking institutions, the company is able to make several millions of interests. At the same time, citing sources […]

496 +

New Bloomberg Report Says Tether (USDT) May Indeed Have the Billions in Backing Its Stablecoin

Tether has been a stablecoin from the start, which is what they’ve claimed. There’s been numerous reports about their validity as such, and there’s been documentation provided that is rumored to be false.

393 +

Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.

301 +

Tether Says Customers Can Once Again Deposit and Redeem Fiat

Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with USD and EUR.

372 +