Tether Financial News

22.09 / 11:15

UPS Tether Bitfinex USDT reserves US Judge Demands Tether Comes Up with Records to Show it Has Claimed Cash Reserves

As part of the legal proceedings related to a market manipulation case that dates back to 2019, Katherine Polk Failla, a judge for the U.S. District Court for the Southern District of New York, has ordered Tether’s parent company to provide financial records for its USDT stablecoin.

22.09 / 09:47

Provident Tether Southern US court Holdings reserves US court orders Tether Holdings to prove sufficient reserves to back stablecoin

A judge for the Southern District of New York ordered the issuer of the largest stablecoin to produce financial records related to the backing of its coin, tether.

21.09 / 20:43

Provident Tether USDT Bitcoin Tether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure

Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost crypto traders over $1 trillion.

21.09 / 18:11

Binance Tether coinbase DApp Banking Giant Launching VC for Crypto Investments, Paying Taxes With Crypto in US, EOS Independence + More News

21.09 / 13:51

Tether Bitfinex Court Bitcoin New York Judge orders Tether to document USDT backing

The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is required to provide “general ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements” and other documents to the court.

20.09 / 20:07

Ethereum Twitter CEO Tether Bitcoin Exploit Wintermute: Everything to know about the $160M exploit

U.K. based crypto market maker Wintermute became the victim of a hack earlier on 20 September. Wintermute CEO Evgeny Gaevoy informed users on Twitter about the exploit on the platform’s DeFi operations, which has led to a loss of about $160 million.

19.09 / 16:59

Stablecoin Binance Tether Usd Coin Indian Indian exchange WazirX follows Binance in delisting USDC

Major Indian cryptocurrency exchange WazirX has opted to delist the USD Coin (USDC) from its platform and convert the remaining balances into Binance-backed Binance USD (BUSD) stablecoin.

17.09 / 01:39

FIVE BLOCK Tether ZEC Hark, ZEC bulls, here’s why a move toward $66 could soon materialize

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

16.09 / 13:37

Twitter CEO Tether coinbase Coinbase U-Turns on Politics With New Tool to Promote Crypto-Friendly Politicians

Coinbase has launched a new tool on its app that enables users to learn about how their elected officials view cryptocurrency. The tool is intended to help the exchange's customers reach out to US lawmakers and potentially exert an influence on how they vote with regards to crypto- and blockchain-related issues and legislation.

13.09 / 21:41

UPS Tether CoinMarketCap NEAR Protocol adds Tether [USDT] to its pack but here’s the catch

There has been a lot of quiet from NEAR Protocol’s [NEAR] end lately. In an awakening call, NEAR seemed to have heeded the shouts for an update.

12.09 / 21:43

Blockchain Tether USDT Omni Bitcoin boost Tether USDT Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence

Major stablecoin issuer Tether Operations Limited continues expanding integrations with diverse blockchain networks, launching the Tether (USDT) stablecoin on the Near Network.

12.09 / 18:25

UPS Tether Bitfinex sentencing Accused 'shadow banker' Reggie Fowler seeks a 6-month sentencing delay

Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment.

12.09 / 06:17

Binance Tether USDT Paxful Here’s the full scope of UST’s de-pegging on the stablecoin market

Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class of cryptocurrency assets.

08.09 / 14:57

Binance Tether USDC Usd Coin Binance to convert users' USD Coin into its own stablecoin

USD Coin, Pax Dollar and True USD into its own stablecoin, Binance USD. The move is intended to enhance liquidity and capital efficiency for users, Binance said in a statement https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f. Stablecoins are a type of cryptocurrency designed to maintain a constant value, for example through a 1:1 U.S. dollar peg. They play a crucial role in facilitating crypto trading, and allow traders to store idle crypto cash without converting it back into fiat currency. Binance said it will stop trading on spot pairs which include USD Coin, Pax Dollar and True USD, although users will still be able to withdraw funds in the form of these stablecoins.

07.09 / 14:01

Binance CEO Tether USDT Circle CEO Allaire Supports Binance Stablecoin Decision

Jeremy Allaire, the co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, has responded to the Binance cryptocurrency exchange's move to stop supporting USDC trading.

07.09 / 09:45

Blockchain Law Tether Ava Labs class action Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action

The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation.

06.09 / 13:01

Binance Tether Platform Paxful Binance to Convert Users’ USDC Into Its Own Stablecoin

Binance cryptocurrency exchange announced on Monday that it has introduced «BUSD Auto-Conversion».

06.09 / 10:17

Blockchain Stablecoin Tether Binance: No plans to auto-convert Tether, though that ‘may change’

Crypto exchange giant Binance has confirmed it has no plans to “auto-convert” Tether (USDT) to Binance USD (BUSD) at the moment, though noted that this “may change.”

05.09 / 18:29

ETH Tether Discover Tamadoge Nears $11.5 Million - How to Benefit Before Price Rises from $0.0250 to $0.0275

02.09 / 21:43

business Stablecoin Tether Venture Capital Crypto Biz: You can’t stop the Tether FUD

In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal ran a story this week claiming that Tether was on the edge of technical insolvency and that it wouldn’t take much to push the stablecoin issuer into financial peril. Of course, Tether didn’t take it lying down and immediately issued a response to what it considered to be a “disinformation” campaign by the Journal.

02.09 / 13:23

Tether Bitfinex El Salvador Bitcoin bond delayed due to security concerns: Tether CTO

El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.

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