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Tag Archives: tether

Tether Invested Funds in Bitcoin – Could Bitcoin Crash?

The Block reported yesterday about Tether admitting to allegations that users made for several years now. The Block cites David Miller, the attorney for Bitfinex, from a transcript that the news outlet received. In it David Miller says: “Prior to the April 24th order … Tether actually did invest in instruments beyond cash and cash […]

Roundup – 01/05/2019 – Tether Only 74% Backed By USD & more

Tether Only 74% Backed By USD Tether continues to spark controversy. Tether‘s General Counser Stuart Hoegner indicated in an affidavit that the company holds only liquid means with a value of $2.1 billion.The current supply of Tether lies at $2.85 billion. The news came from TheBlock. However, Tether removed the claim that it backs USDT […]

Roundup – 01/05/2019 – Tether Only 74% Backed By USD & more

Tether Only 74% Backed By USD Tether continues to spark controversy. Tether‘s General Counser Stuart Hoegner indicated in an affidavit that the company holds only liquid means with a value of $2.1 billion.The current supply of Tether lies at $2.85 billion. The news came from TheBlock. However, Tether removed the claim that it backs USDT […]

Roundup – 27/04/2019 – Bitfinex Withdraws About $80 Million After Accusation of Misusing Tether Funds & more

Bitfinex Withdraws About $80 Million After Accusation of Misusing Funds The crypto exchange Bitfinex has withdrawn more than $80 million from its cold wallet. Bitfinex is closely associated with the stable coin Tether. Neither of the two companies has indicated any reason for the withdrawal. Due to the recent rally, critics brought up old allegations […]

Roundup – 15/04/2019 – Harvard Invests In Crypto Startup & more

Harvard Invests In Crypto Startup According to Bloomberg, the Harvard Management Company together with two other investors has invested $11.5 million in the blockchain startup Blockstack. The Harvard Management Company is the foundation that finances the Harvard university. The foundation understands itself as a Non-profit organization. However, it does invest money in useful companies to […]

Tether Case, Explained

Tether is well known as a cryptocurrency that constitutes actual currencies in blockchain merchandise. The program was initiated in 2015 November. Tether has two representations EUR and USDT, which are made as counterparts of EUR and USD in a blockchain globe. Bitfinex exchange intimately joins these cryptocurrencies. Initially, Tether was developed on the blockchain technology, […]

Roundup – 04/03/2019 – Tether Will Launch on Tron Blockchain in Q2 & more

Tether Will Launch on Tron Blockchain in Q2 Cointelegraph 2019 reported that Tether will run on Tron’s blockchain from Q2 on. Currently, Tether operates on two different blockchains as a token. On the Omni network and on the Ethereum network as an ERC20 token. Until now, Tether has not commented this step and it is […]

Roundup – 29/01/2019 – Tether Moves to Rank 4 On Coinmarketcap.com & more

Tether Moves to Rank 4 On Coinmarketcap.com Tether Has Become the fourth largest cryptocurrency by market capitalization. The stablecoin has overtook EOS’s rank. The current situation is a consequence of the Bitcoin Cash fork in November which seemed to have catalyzed the selloff below the $6000 support on the Bitcoin chart. Bitcoin Cash which ranked […]

Roundup 19/12/2018 – Bloomberg ‘Informant Confirms’ Tether Backed by USD

Bloomberg Confirms Tether’s Backing by USD Bloomberg, the news outlet, reported that Tether is indeed backed by the USD. Allegedly, Bloomberg has an informant inside Tether’s company who has access to the accounts of Tether. The information claims that one account of Puerto Rico’s Noble Bank Ltd. that belongs to Tether had $2.2bn while Tether […]

Roundup – 11/12/2018 – Bitmain Shuts Down Development Center in Israel & more

Bitmain Shuts Down Development Center in Israel Bitmain has to shut-down its development center in Ra’anana, Israel. The center opened just this year. However, the current bear market and the, so far, negative consequences of the hash war for the Bitcoin Cash ABC faction have led to this harsh decision. So far, it is not […]
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