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Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'
21.9.2022
The issue deals with a lawsuit that has been ongoing since October 2019
New York Judge orders Tether to document USDT backing
21.9.2022
The court accepted the Plaintiffs’ requests to provide "undoubtedly important" documents in the alleged fraud case
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
21.9.2022
The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market
Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days
19.9.2022
During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market capitalization, ethereum, had a market dominance of around 19.5% but three days after the transition to proof-of-stake (PoS)...
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
18.9.2022
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion...
Win $150,000 USDT With CoinFloww Beta Launch
13.9.2022
PRESS RELEASE. Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange. Based on the world-class digital asset exchange technology...
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks
12.9.2022
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether...
Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence
12.9.2022
Tether USDT is now live on 11 blockchain networks, including the NEAR Network, Polygon, Kusama, Ethereum, Omni and others
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours
9.9.2022
While digital currencies jumped in value during the early morning trading sessions on Friday (ET), the new Terra token, LUNA 2.0, jumped more than 200% in value against the U.S. dollar. LUNA jumped from a low of $1.90 per unit to a high of $6.87, but the token’s value has slipped to...
Materium (MTRM) Is Now Available for Trading on LBank Exchange
9.9.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 8, 2022 – LBank Exchange, a global digital asset trading platform, has listed Materium (MTRM) on September 5, 2022. For all users of LBank Exchange, the MTRM/USDT trading pair is now officially available for trading. As an epic fantasy RPG powered...
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
7.9.2022
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change...
Brazilian Tax Authority Registers Record Number of Cryptocurrency Statements
7.9.2022
The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise...
Circle co-founder says converged dollar books on Binance would be good for USDC
6.9.2022
The world's largest crypto exchange announced yesterday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29
Binance: No plans to auto-convert Tether, though that ‘may change’
6.9.2022
The crypto exchange was responding to questions from Cointelegraph after announcing it would cease trading support for USDC and two other stablecoins this month
Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
6.9.2022
The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins...
Poloniex, Bittrex Want Kyle Roche’s Law Firm Removed From Class-Action Against the Exchanges
3.9.2022
Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether,...
Crypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses
3.9.2022
A great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto...
Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit
2.9.2022
Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with...
LBank Exchange Will List Town Star (TOWN) on September 2, 2022
2.9.2022
PRESS RELEASE. INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, will list TownCoin (TOWN) on September 2, 2022. For all users of LBank Exchange, the TOWN/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on September 2, 2022. As...
0.3% fall in assets "could render Tether technically insolvent" — WSJ
29.8.2022
Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets