Tether News - AllStocks Network

Crypto Payment Provider BitPay Adds USDC, GUSD, Paxos; Tether Is Still Out

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

The crypto payment provider BitPay has enhanced its payment processing systems to include 3 more stablecoins which are Circle’s USD Coin (USDC)trade, Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Tether (USDT), the most popular stablecoin by huge margins (and occasionally even the most traded cryptocurrency by volume), is still out. The total count of the digital currencies that are now supported by the company is six. The number comprises of the popular cryptocurrencies Bitcoin(BTC)trade,…

Embattled Crypto Exchange Bitfinex Responds to Second Class Action Lawsuit

Posted on November 26, 2019November 26, 2019 by Rehan Yousaf

The embattled crypto exchange Bitfinex replied to a class action lawsuit made against the company and its sister company Tether in a post on the company website, published on 24th November. The post briefly details the class action complaint filed on the 22nd November, issued in the U.S District Court for the Western District of Washington. The cryptocurrency exchange company compared the lack of solid grounds of the “copycat lawsuit” and its deficits to a…

New Research Argues Tether Is Not Behind the 2017 Manipulation of Bitcoin’s Price

Posted on November 20, 2019November 20, 2019 by Rehan Yousaf

A paper that was initially released in 2018, which was claiming that Tether (USDT) manipulation was the cause behind the 2017 Bitcoin(BTC)trade bull run, has recently been updated with new analysis reinforcing its argument. Now, a different research is refuting this thesis. According to Professor John Griffin from the University of Texas and co-author of the paper, the newer version is about to be published in the distinguished publication the Journal of Finance. Tether has…

Tether Calls Explosive Research about Bitcoin Manipulation “Flawed Paper”

Posted on November 10, 2019November 10, 2019 by Ravi Rd

The stablecoin Tether (USDT) has been in the news pretty much since Bitcoin(BTC)trade skyrocketed to its all-time high of $20K at the end of 2017. Several controversies and lawsuits have been hovering around Tether, alleging it manipulatively pushed the Bitcoin’s price to astronomical heights. Several researchers have even published a thorough hypotheses about it. University of Texas’s Professor John Griffin and Ohio State University’s Amin Shams have published a paper that claims Tether was responsible…

Research: One Buyer on Bitfinex Manipulated Bitcoin’s Price in 2017

Posted on November 5, 2019November 5, 2019 by Ravi Rd

Bitcoin(BTC)trade touched its all-time high of nearly $20,000 in December 2017, and now researchers at the University of Texas and Ohio State University believe that this rally was fueled by a single big money movement in a new research paper. The academic paper also alleges that the USD-backed stablecoin Tether (USDT) is responsible for the astronomical rise in the BTC price in 2017, allegation which has already been raised previously and that is investigated by…

Tether Surpasses Bitcoin and Ethereum in 24h Volume with Large USDT Transactions

Posted on October 31, 2019October 31, 2019 by Ravi Rd

Current crypto market sentiments and Tether transaction volumes at various crypto payment processors suggest that Tether (USDT) is becoming one of the most traded digital assets in the crypto market, leaving Ethereum (ETH)trade behind in the third place and even Bitcoin(BTC)trade in the second place (!) in 24 hour volume. Blockchain records show that crypto exchanges such as Binance and Bitfinex have accumulated a large volume of USDT from unknown wallets. The big Tether whales,…

Crypto Irony? Bitfinex Claims It Is “the Victim of a Fraud” by Crypto Capital

Posted on October 28, 2019October 28, 2019 by Julie Williams

In an effort to set the records straight, the controversial crypto exchange Bitfinex released a statement on Friday, attempting to disengage itself from the Crypto Capital money laundering saga. The Hong Kong-based cryptocurrency firm made it crystal clear that it is, in fact, a victim of the money laundering case. This is in contrast to what the public thought earlier (and some might still believe). Backtrack a little to last week, the police scored yet…

What Troubles? Tether Keeps Growing; Especially in Adult, Gambling, Cannabis Sites

Posted on October 27, 2019October 27, 2019 by Ravi Rd

The USD-backed stablecoin firm Tether (USDT) has been involved in controversies since last July when it was first alleged for manipulating the price of Bitcoin(BTC)trade, which later culminated into investigations and lawsuits against the company. Despite all of these severe legal issues, Tether has reported a significant growth in its utilization as a digital payment mode for goods and services. In fact, Tether is now becoming more and more popular on gambling sites and pot…

Class Action Lawsuit against Tether and Bitfinex: Manipulated the Crypto Market

Posted on October 8, 2019October 8, 2019 by Julie Williams

The multi-million dollar firm behind the controversial stablecoin known as Tether (USDT) is back in the news again. This time Tether Limited is being accused of being a part of a “fraud,” “pump-and-dump,” and “money laundering” scheme in a new lawsuit. Like a crashing rocket, the crypto community was dealt a big blow earlier in the week when news surfaced of an ongoing class action lawsuit, which claims that the renowned crypto firm (alongside its…

Tether Announces its New Stablecoin to Support Chinese Yuan

Posted on September 11, 2019September 11, 2019 by Rehan Yousaf

The popular stablecoin issuer, Tether (USDT), has announced that it plans on launching a new stablecoin, CNH₮, backed by the offshore Chinese yuan. CNH₮ will run on top of the Ethereum blockchain as an ERC-20 token. In a blog post, Tether stated that CNH₮ represents a further expansion of the organization’s ability to embrace and facilitate the use of traditional currencies such as the USD and the Euro. The ERC-20 token will initially be available…

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