Tether Launches Stablecoin on EOS Blockchain

Tether has announced that it will be issuing its USDT stablecoin on the EOS blockchain in partnership with Block.one Tether Adds EOS to Ethereum and TRON Launch In a press statement issued on its website, Tether announced that EOS is the next blockchain to host the USDT stablecoin following similar launches on Ethereum and TRON. […]

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Bitfinex: NYAG’s Order Is Hurting Our Customers and the Crypto Market

Bitfinex’s customers might suffer if it can’t access a line of credit from stablecoin issuer Tether, the exchange’s attorneys argued Sunday. In a new filing, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson, and David Miller and Zoe Phillips of Morgan, Lewis and Bockius, outlined a number of arguments for why a preliminary […]

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NYAG: Bitfinex Should Be Made to Disclose Tether Deal Documents

New York prosecutors have struck back at cryptocurrency exchange provider Bitfinex, telling a local court that they believe the company should be made to turn over documents outlining a nearly $900 million line of credit offered by stablecoin issuer Tether. The New York Attorney General’s (NYAG) first sued Bitfinex and Tether for all documents pertaining […]

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Mob Rule? The Call To Delist Tether Grows

In case you’ve been away, there’s been a bit of a hoo-hah regarding Tether over the past week or so. This has now descended into open calls for Binance and other exchanges to delist ‘the original stablecoin’. A Strong And Stable Governance The story so far: Payment processor, Crypto Capital Corp, “seizes and safeguards” $850 million […]

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Tether’s (USDT) Negligence deserves Exchanges De-listing

Recently, Tether’s general counsel confirmed that the Tether stable coin (USDT) is not 100 percent fiat backed. This was disclosed in an ongoing case where the New York Office of the Attorney General (NYAG) accused BitFinex, a crypto exchange, for mishandling clients’ funds leading to a possible $850 million loss. Unfortunately, Tether’s reserves were used […]

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Crypto ATM Operator Postpones Tether Buying ‘Until the Smoke Clears’

Efforts to promote the new, Tron-powered version of USDT are stumbling following the New York Attorney General’s fraud allegations against the companies behind the stablecoin. CoinFlip, a crypto ATM startup, had planned to add the Tron version of USDT to more than 180 of its machines, allowing people to buy the token for cash at […]

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The Bitfinex-Tether Allegations Explained

The New York Attorney General claims that BitFinex borrowed money from Tether to cover up an $850 million loss, but BitFinex says the money is elsewhere. Confused? We’ve got you covered. Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c… Site: https://www.coindesk.comFacebook: https://www.facebook.com/CoinDeskTwitter: https://www.twitter.com/coindeskInstagram: https://www.Instagram.com/coindeskNewsletter: https://www.coindesk.com/newsletter/Twitter (Markets): https://www.twitter.com/coindeskmarkets CoinDesk is the leading digital media, events and information services […]

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