Tether fans, you’ve been warned: Now is the time to be concerned
There have always been questions about whether or not USDT was actually truly tied to the U.S. dollar as Tether had asserted from the beginning.
Latest Tether News
NY cracks down on Bitfinex’s alleged cover-up of $851M loss with Tether funds
To secretly cover up the “apparent loss,” Bitfinex and Tether’s parent company allegedly engaged in transactions that resulted in Bitfinex gaining access to $900 million of Tether’s USDT stablecoin cash reserves.
Tether, the USD-pegged coin that’s no longer backed by USD
Ever since it was first introduced, there have been questions about the legitimacy of the Tether (USDT) stablecoin.
Tether continues to lose market dominance
Tether may currently be stable and may have seen its value return to be even with the US dollar, but this may not last long.
Was Tether used to prop up BTC? US wants to know
The U.S. Department of Justice (DOJ) has cast fresh doubt on whether BTC was ever worth as much as its market price, after identifying irregularities that suggest market manipulation.
Tether’s new banking partner already in hot water
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.
Bitfinex denies insolvency allegations
Crypto exchange Bitfinex responds to rumors about its financial situation, showing it still has billions in cryptocurrency reserves.
Tether bank ‘desperate for cash’: report
The financial institution backing the stablecoin Tether is in dire need of funds, according to reports. And if it doesn’t get cash soon, Tether might be in unstable position.
$1 billion fund founders to launch Japanese yen-pegged stablecoin
The founders of a $1 billion blockchain fund backed by the government of Hangzhou in China have announced plans for a new project that will launch a stablecoin backed by Japanese yen.
Kraken slings back market manipulation claims on Bloomberg
After being accused of manipulation, Kraken turned the table on Bloomberg, saying their FUD article was suspiciously released on the end of the Q2 for trading—when several futures contracts expire.
Double-spend bug, ‘wash’ trading: More controversies hound Tether
Red flags have been raised yet again concerning 'stablecoin' Tether. This time, analysts have issued warnings against a potential double-spend bug as well as a possible case of price manipulation.
Price manipulation campaign inflated BTC price in 2017, research finds
New research has confirmed the BTC market was manipulated in the run up to its all-time highs in 2017, accounting for as much as 50% of the price growth over the period.