Tether Has Enough USD to Back Tokens, Says Law Firm in Unofficial Statement
Two of Tether’s bank accounts have enough USD to back its token issuance, says a law firm founded by a former FBI director Go to Source Powered by WPeMatico
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Two of Tether’s bank accounts have enough USD to back its token issuance, says a law firm founded by a former FBI director Go to Source Powered by WPeMatico
Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is … Read more
Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether Controversy Continues Most cryptocurrency enthusiasts … Read more
With BTC futures down 55% in 2018, analysts weigh in on the controversial allegations that Tether is being used as a shorting mechanism to manipulate markets Go to Source Powered by WPeMatico
Tether is back in the news thanks to a new report alleging it played a pivotal role in bitcoin’s mega-bull run last year. This isn’t the first time the dollar-pegged stablecoin has been blamed for market manipulation, but is the most compelling evidence to date that 2017’s record highs may not have been entirely organic. … Read more
Extant suspicions Tether “manipulated” Bitcoin prices have been joined by new research, The New York Times reports Go to Source Powered by WPeMatico
Exchanges are an important cog in the machine that is cryptocurrency. Despite their centralized nature, consumers and speculators rely heavily on these platforms on a daily basis. For Bitfinex users, there was a slight scare on Tuesday when trading was halted for a short while. Another Issue for Bitfinex Although cryptocurrency exchanges have seen their fair … Read more
Bitfinex announced that it has resumed its trading services after containing a distributed denial of service (DDoS) attack on Tuesday, June 5. The exchange first suffered issues with its trading engine which caused it to go offline briefly, and after fixing the issue, it was operational again. However, after less than an hour of activity, … Read more
The US CFTC has rejected a request for releasing the subpoenas allegedly sent to crypto exchange Bitfinex and token issuer Tether last December Go to Source Powered by WPeMatico
At press time, the father of cryptocurrency is trading for just over $7,500. This is a $100 spike from yesterday’s dreary $7,400, which bitcoin had previously fallen to from $7,600. It appears the currency is experiencing solid resistance at this mark, and how long it will stay there is difficult to predict. The price drop … Read more