Tether

Tether

Bitfinex: ‘New York Customers’ Cited by NYAG Are Foreign Entities

Supposed New York residents and companies that used Bitfinex's trading platform were actually "foreign entities," according to a new filing by the exchange's attorneys.

Markets  ·  22 July 2019
Tether

Tether Stablecoin to Launch on Algorand Blockchain

The popular and sometimes controversial stablecoin tether (USDT) is to to be added to the algorand blockchain.

Markets  ·  17 July 2019
Tether

Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them

Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again.

Markets  ·  16 July 2019
Exchanges

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.

Markets  ·  10 July 2019
Tether

NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim

The New York Attorney General's Office (NYAG) has submitted a series of new evidence to prove the crypto exchange Bitfinex and Tether had served New York customers longer than it claimed. 

Markets  ·  9 July 2019
Tether

Bitfinex Repays Tether $100 Million of $700 Million Loan

Bitfinex said it has paid back $100 million of the $700 million borrowed from stablecoin issuer Tether.

Markets  ·  2 July 2019
Tether

Bitfinex Will List Its New Exchange Token Starting Monday

Bitfinex will list its LEO exchange token on Monday, trading against bitcoin, ether, EOS, tether and the U.S. dollar.

Markets  ·  17 May 2019
Tether

Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

A New York Supreme Court judge ordered stablecoin issuer Tether to refrain from loaning any funds to Bitfinex or other parties during an ongoing investigation by the NY Attorney General.

Markets  ·  16 May 2019
Exchanges

Bitfinex and Tether Ask Court to Loosen NYAG’s Fund Restrictions

Tether has asked a judge for more leeway to use its cash amid the New York Attorney General's investigation of it and Bitfinex.

Business  ·  13 May 2019
Exchanges

Bitfinex’s Private Token Sale Raised $1 Billion in 10 Days, Exec Says

Cryptocurrency exchange Bitfinex raised $1 billion via a sale of its exchange token LEO in just 10 days, according to the firm's CTO.

Markets  ·  13 May 2019
Exchanges

Binance, Bitfinex and Tether: What’s the Worst That Can Happen?

Recent events involving Binance, Bitfinex and Tether suggest there's potential for "catastrophic, systemic risk in crypto," Dan Cawrey argues.

Markets  ·  10 May 2019
Exchanges

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

Crypto exchange Bitfinex’s $1 billion private token sale will launch next month, according to its just-released official white paper.

Markets  ·  8 May 2019
Regulation

Judge Asks NYAG to Narrow Scope of ‘Amorphous’ Bitfinex Document Request

A judge has ordered Bitfinex to turn over documents to the New York Attorney General, but only once the scope of the request is narrowed.

Policy & regulation  ·  6 May 2019
Regulation

Bitfinex: NYAG’s Order Is Hurting Our Customers and the Crypto Market

Bitfinex customers may suffer if it can't tap a credit line from Tether, the firms' lawyers say in a new filing in the New York Attorney General case.

Policy & regulation  ·  6 May 2019
Regulation

Banking, Bitfinex and the Hidden Irony of Crypto’s Newest Controversy

When I visited some early bitcoin startups in Hong Kong five years ago, they were unanimous about their biggest challenge: finding a bank that would let them open an account.

Policy & regulation  ·  6 May 2019