Tags : Tether

Regulation

US Feds want to tame ‘wildcat’ stablecoins like Tether and

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins. According to the authors, regulating issuers as banks and introducing a central bank for digital currency (CBDC) would help […]Read More

Cryptocurrency

Polkadot’s network prepares to welcome Tether USDt

Polkadot’s network utility is about to experience a significant boost. With the upcoming parachain rollout, the protocol will finally realize its scalable multi-chain architecture.  Although the new functionality is currently running on a testnet, developers are already preparing for it.  Enjin recently announced the launch of a next-generation NFT blockchain on the Polkadot network called […]Read More

Bitcoin

Clear Skies For Bitcoin As Tether Settles With NYAG

A dark cloud has been lifted from Bitcoin, and it could mean clear skies for the crypto market for here on out. Why? The most dangerous potential “black swan” hanging over the crypto market for years, has now been significantly derisked. According to breaking news, the company behind the stablecoin Tether and crypto exchange Bitfinex, […]Read More

Bitcoin

Bitcoin jumps $4,000 as Bitfinex and Tether settle with New

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today. $18.5 million fine Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a long-running case that saw the […]Read More

Market

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

Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin. In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the […]Read More

Market

Questions About Tether Just Won’t Go Away. Does the Crypto

Stablecoins are a key cog in the cryptocurrency machine. The recent bull market has rekindled a long-simmering debate over whether the biggest such coin is, well, stable. While bitcoin, ether and altcoins have seen astounding price rallies over the past four months, some of the most important growth has been in the cryptocurrencies known as […]Read More

Blockchain

Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With

The publisher of the upcoming online space strategy game “Infinite Fleet” is providing a chance to buy into equity and share in future profits through the launch of a public security token offering (STO). Announced Monday, Luxembourg-based Exordium has just launched the token-based funding round in select European countries. The tokens are priced at $0.50 […]Read More

Regulation

What does the January 15 deadline hold for Tether, the

Tomorrow is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether, the crypto heartbeat Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan. 15, before the deadline expires. It is believed […]Read More

Market

Tether Mints Record 2B USDT in One Week

Tether printed 2 billion dollar-backed tokens last week, a new record for the leading stablecoin project. Over 24.6 billion tethers now circulate across Ethereum, Tron and Bitcoin’s Omni Layer, per data from Coin Metrics, up from 4.8 billion one year ago.  The growth comes from a variety of factors, said Sam Trabucco, quantitative trader at […]Read More