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Tether And Bitfinex Settle With the New York Attorney General's Office

23.2.2021
Source: iStock/standret, Cryptonews.com Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office. "After 2.5 years and 2.5m pages of info shared,...

Tether to report reserves and pay $18.5M fine after settlement with NYAG

23.2.2021
New York regulators are forcing Tether to be fully transparent about its reserves, at the cost of not serving New York residents

Crypto Market Sentiment Remains Positive, Tether Drops

22.2.2021
This week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins remains positive at 6.25 out of 10, but it is slightly lower compared to the previous week’s 6.43, according to crypto market sentiment analysis site Omenics data. The top cryptocurrency - bitcoin...

Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel

20.2.2021
Economist Frances Coppola and senior commodity strategist at Bloomberg Mike MgGlone clash on everything Bitcoin

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says

19.2.2021
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says

Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

19.2.2021
The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time...

Bitcoin and Ethereum Hold Gains, BNB Flips Tether and Tests USD 250

19.2.2021
Bitcoin price started a short-term downside correction from the USD 52,750 all-time high. BTC declined below USD 52,000 and USD 51,500. However, the bulls were active and the price is currently (05:00 UTC) trading well above the USD 50,500 support zone. Besides, there were mostly positive moves...

Dubai Government Licensing Entity Now Accepts Bitcoin for Payments

17.2.2021
A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues...

USDT-settled futures contracts are gaining popularity, here’s why

15.2.2021
Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader?

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

12.2.2021
Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans

Too late for Tether 'FUD' as Bitcoin price poised to hit $63K, says trader filbfilb

10.2.2021
Accusations around Tether bringing down Bitcoin at a later date are dead in the water, the analyst argues in the wake of S&P500 adoption

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

6.2.2021
Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought...

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe

5.2.2021
Bitfinex says early Friday it repaid fully of the loan to Tether

Amid ongoing legal proceedings, Bitfinex announces Tether loan repayment

5.2.2021
A half-billion dollar loan has been closed out, but multiple court cases grind on

Bitfinex Repays USD 550m to Tether, Nigerian Ban, Dorsey's Bitcoin Node + More News

5.2.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exhanges news Bitfinex said that, in January, it repaid the remaining balance of USD 550m of the outstanding revolving loan facility to its sister...

After Yearn exploit, attacker funds frozen and reimbursement plans developing

5.2.2021
Seized funds bring the damage down to $9 million as multiple communities ponder the next step in reimbursing user funds

Active Addresses Number of Tether's Tron Version Eclipsed Ethereum Version

3.2.2021
There's a shift of tether (USDT) activity from the Ethereum (ETH) to the Tron (TRX) version, while the ETH version still has much higher daily transfer value, according to crypto intelligence firm Coin Metrics. Since 2021 started, stablecoin daily active addresses have reached new highs, said...