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.
The popular and sometimes controversial stablecoin tether (USDT) is to to be added to the algorand blockchain.
Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again.
Metropolitan Commercial Bank maintained accounts for Tether and affiliated companies for less than half a year before shutting them down.
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.
Bitfinex said it has paid back $100 million of the $700 million borrowed from stablecoin issuer Tether.
Bitfinex will list its LEO exchange token on Monday, trading against bitcoin, ether, EOS, tether and the U.S. dollar.
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.
Tether has asked a judge for more leeway to use its cash amid the New York Attorney General's investigation of it and Bitfinex.
Cryptocurrency exchange Bitfinex raised $1 billion via a sale of its exchange token LEO in just 10 days, according to the firm's CTO.
Recent events involving Binance, Bitfinex and Tether suggest there's potential for "catastrophic, systemic risk in crypto," Dan Cawrey argues.
Crypto exchange Bitfinex’s $1 billion private token sale will launch next month, according to its just-released official white paper.
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.
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.
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.