As time goes on, we see two things from Tether: more evidence that USDT is unbacked, and an increasing reliance on Tether throughout the industry and beyond it. The month of June has been no exception.
Binance has lost its top bean counter just as regulatory headwinds threaten to blow the troubled cryptocurrency exchange off its pedestal.
While the launch came with much fanfare around Coinbase and the promise of a regulated, compliant central exchange, some notable names in the digital currency sector are flagging serious problems with the company and their offer.
Patrick Shyu, a former tech lead at both Google and Facebook, as well as a popular YouTuber with over 1 million subscribers, recently announced that he is selling all of his Ethereum.
Regulators have waited too long to act on so-called stablecoins, to the point where exposure to schemes like that being run using Tether has infected the entire digital asset industry—and even beyond it.
The U.S. Securities and Exchange Commission said it will commence action against a group of well-known online "influencers" associated with the now-infamous BitConnect investment scheme.
BitMEX and its founders are facing a growing wave of legal action over what prosecutors and plaintiffs call a wholesale scheme to manipulate digital asset markets at the expense of its own customers.
Never forget that Tether used to tell you that it was 100% backed by U.S. currency, and it was only after an New York Attorney General investigation forced its hand that it ever admitted this wasn’t the case.
Blockstream CEO Adam Back desperately wants to be seen as Bitcoin’s all-father despite his ongoing efforts to strangle Bitcoin in its cradle.
Binance is under investigation by the Inland Revenue Service (IRS) and U.S. Department of Justice (DoJ), according to a report by Bloomberg.
BitMEX and its trio of founders Arthur Hayes, Benjamin Delo and Samuel Reed are facing yet another RICO lawsuit in California, as shown by newly-filed court documents.
Arthur Hayes has reportedly surrendered himself to U.S. authorities in Hawaii, to face charges of failing to implement money laundering protections at BitMEX exchange.
