Binance, Tether and Justin Sun let slip the dogs of wa(r)sh trading
Most prominent exchanges are likened to casinos and tokens as chips, with no practical purpose, leading to crypto wash trading being endemic to the digital asset sector.
Latest Tether News
Coinbase account issues have eerie echoes of gaming scandals
Coinbase customers are complaining about their accounts being closed without any explanation; complaints include quotes from Coinbase that refuse to divulge the justification behind the closures.
Reginald Fowler gets 6 years in prison over crypto shadow banking
Reginald Fowler gave ‘crypto’ firms a backdoor into the U.S. banking system and transacted $750 million for ‘crypto’ firms, including Tether and Bitfinex.
Tether’s plan to blow billions in ‘profits’ on BTC questioned
Tether announced that starting this month, it would “regularly allocate up to 15% of its net realized operating profits towards purchasing” BTC.
SEC tells cranky Coinbase to take a time-out on digital asset clarity
The SEC’s response to a U.S. Third Circuit Court of Appeals stated that Coinbase failed to demonstrate that it’s owed “a clear and indisputable right” to a speedier response than normal.
Tether attestation dressed up as an audit undressed by former SEC enforcer
Tether claims to have made nearly $1.5 billion in ‘net profit’ according to the latest Not An Audit™ by the company behind crypto’s most notorious stablecoin.
US bipartisan stablecoin bill could spell doom for Tether
The draft bill states a two-year interval on issuing stablecoins and access to central bank borrowing and deposit accounts but made no mention of appropriate audits on proper backing of reserves.
Tether’s use of Signature Bank for USD transactions a touchy subject
Slamming a Bloomberg report, Tether insists it did not have an account with Signature Bank, but its use of Signet to facilitate USD transactions has authorities raising their brows.
Stablecoin market share rises to 12.9% as of January 2023, CoinGecko report finds
Interestingly, 2022 saw the market share occupied by smaller stablecoin projects vanish, with a significant drop-off in May 2022 which never reversed.
Binance denies reports that other B-tokens are insufficiently backed
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
Hong Kong to regulate digital asset exchanges
Hong Kong’s SFC has asked the public for opinions on whether centralized digital currency exchanges in the country should be allowed to serve retail customers and what regulations to implement.
Is Tether a scam? Think twice before using USDT
Tether is a red flag, and countless pieces of evidence support that, including the questionable identities of its execs, hiding vital information, and ongoing probes tied to its dishonesty.