TETHER
Description
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash.
Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash.
Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
US Court to Determine Which Law Firm Should Lead Classic Action Against Tether
Tether (USDT) stablecoin issuer, IFinex and its subsidiary, Bitfinex exchange are facing charges of allegedly manipulating the price of Bitcoin in 2017. Although the company, on the other hand, is vehemently in denial of the charges levelled against it.
Tether Brings into Play Anti-Money Laundering Solutions with Chainalysis Tool
Tether, the most leveraged stablecoin provider based on market capitalization, has deployed a tool provided by Chainalysis, a blockchain analytical company, in its quest to have anti-money laundering (AML) compliance solutions
Tether becomes First Stablecoin to be Integrated into Algorand 2.0 Blockchain
Tether, a reputable stablecoin provider, has incorporated its U.S. dollar-backed stablecoin USDT into Algorand’s blockchain ecosystem. Tether’s presence on Algorand will facilitate block confirmation in less than four seconds and transaction fees will be a fraction of a cent.
Tether Deny Bitcoin Bull Run Manipulation
Reporting on allegations made against Tether’s parent company Ifinex, Tether has released follow up comments to deny any wrongdoing in the market.
Bitfinex and Tether Face Market Manipulation Class Action Lawsuit
Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history.
Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up
The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.
Tether Plans to Issue Stablecoin Backed by Chinese Yuan
Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.
Bitfinex and Tether's Appeal Rejected by New York Judge
Judge Cohen reportedly decided to give a 90-day extension to the case, which will give the New York Attorney General’s office to continue investigating. Judge Cohen also dismissed Bitfinex and Tether’s motion to appeal after the ruling.