USDC: Coinbase is involved with 2 stablecoin scams?
While the sheer size of the Tether and USDT scheme makes them lightning rod for stablecoin criticism, they aren’t the only stablecoin.
Latest Tether News
Coinbase listing the first act in an industry-wide exit strategy
One of the most recognizable digital asset service providers still left standing from a bygone era in crypto, Coinbase was going public at the tail end of a historic run-up in digital assets prices almost across the board.
More trouble ahead for BTC as Grayscale Trust unlock approaches
Grayscale investors who purchased shares in its BTC Trust in late 2020 and early 2021 will be able to sell their shares in the coming weeks, and analysts expect many of those investors will opt to sell.
Crypto Crime Cartel: Tether using its stablecoin scam to exploit El Salvador
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.
Exposure to Tether scheme now reaches as far as NBA
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.
Real value, hype and insanity in the Bitcoin world: Jon Gordon interviews Kurt Wuckert Jr.
An outsider to the digital asset world, Jon Gordon invites CoinGeek's Bitcoin Historian Kurt Wuckert Jr. to the Positive University to explain Bitcoin and what the past decade has been all about.
Tether reaches new lows in quest to avoid being audited
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.
Amy Castor: BTC speculation is like musical chairs—with not many places to sit when the music stops
Experienced cryptocurrency journalist and self-confessed Bitcoin sceptic, Amy Castor puts matters into perspective when it comes to the valuation of BTC in this week’s CoinGeek Conversations.
Tether is still lying to you
Tether is becoming an artisan at promising to provide an audit showing that its stablecoin is fully backed and then doing everything in its power to avoid exactly that.
Tether, Bitfinex prohibited from operating in New York, pays $18.5M settlement in NYAG case
The NYAG statement is highly critical of Bitfinex and Tether, accusing them of “recklessly and unlawfully [covering up] massive financial losses” and “illegally trading virtual currencies in the state of New York.”
Bitfinex supposedly repays $750M loan to Tether—why now?
The loan was taken to cover for the loss of $850 million in co-mingled client and corporate funds caused by entrusting its liquidity to a Panamanian company called Crypto Capital, according to NYAG.
Buckle your seatbelts: NY Attorney General to decide on Tether in 30 days
The outcome of the case could have a huge impact on digital asset markets, with Tether regarded as the asset that backs up much of BTC's (and other popular assets) price.