Is a Tether bank run underway  - The Block Is a Tether bank run underway - The Block
Market observers are speculating about a run on Tether as its price is nearing $0.92 on Kraken after trading for less than $0.99 for a week. If the situation continues to degrade, the collapse of the so-called stablecoin could follow, industry insiders say. And the risk that poses to the value of other cryptocurrencies, a concern expressed about Tether for some time, could come to fruition. Tether plays an important role in the cryptocurrency ecosystem: it makes up about 98% of all the stablecoin volumes and accounts for approximately 92% of all stablecoins in circulation. Tether was created on a simple premise of issuing tokens that will always be redeemable for U.S. dollars. The company, affiliated with Bitfinex, promises to hold the corresponding reserves in bank accounts subject to frequent professional audits. In January, Tether dissolved its relationship with audit firm Friedman LLP and in July, Tether released a report by a law firm Freeh, Sporkin & Sullivan LLP attesting to USD reserves held on just a single day. Tether's general counsel told Bloomberg: The bottom line is an audit cannot be obtained. The big four firms are anathema to that level of risk. This share was first seen by us on January 08, 2019 10:02 PM. Share this content on social media: Browse www.theblockcrypto.com for more.   Log In to Comment

Exchange volume for Tether sees all-time high - The Block Exchange volume for Tether sees all-time high - The Block
Tether (USDT), the controversial stablecoin issued by Tether Limited, has experienced its highest exchange volume since first being issued in 2015. According to data from CoinMetrics.io, on December 20, 2018, USDT had over $6.9B in exchange volume. The increase in exchange volume may hint at a return in trader confidence for Tether. On Tuesday, Bloomberg published a report suggesting that Tether Limited has the necessary USD collateral to back up its stablecoin. In November, Tether Limited reopened account verification and direct fiat redemption features for its traders.  Bloomberg report suggests Tether has the necessary fiat collateral This article was retrieved by us on January 08, 2019 9:51 PM. Share this content on social media: Check out www.theblockcrypto.com for more.   Log In to Comment

Tether (USDT) ICO information and rating | TrackICO Tether (USDT) ICO information and rating | TrackICO
Glyff (GLY) 1 day, 23 hours ago We are building a next-generation decentralized platform ... Grabity (GBT) 2 days, 8 hours ago "Grabity provides an innovative Blockchain platform for g... KIZUNA GLOBAL TOKEN (KGT) 2 days, 9 hours ago "KIZUNA GLOBAL TOKEN will be released on the basis of Pol... AURIcoin is a cryptocurrency that starts the new world ec... Meritocratic Lab. (MRT) 2 days, 9 hours ago Meritocratic Lab. born from the desire to spread a new co... A method to maintain a one­-to­-one reserve ratio between a cryptocurrency token, called tethers, and its associated real­world asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times This share was retrieved by us on December 24, 2018 11:26 AM. Share this content on social media: Visit www.trackico.io for more from this source.   Log In to Comment

Bitcoin Manipulation: U.S. DOJ Probes Tether and Bitfinex Amidst Price Crash - Ethereum World News Bitcoin Manipulation: U.S. DOJ Probes Tether and Bitfinex Amidst Price Crash - Ethereum World News
The U.S Department of Justice (DOJ) has set its sights on Bitfinex and Tether Ltd in its probe into last year's bitcoin price surge. The DOJ is inquiring into the possibility of market manipulation, involving the use of Tether's stablecoin to drive up the price of Bitcoin. According to a Bloomberg report, the DOJ is inquiring whether Tether and Bitfinex engaged in illicit trading activities aimed at driving up the price of Bitcoin last year.  This DOJ probe is in addition to an on-going inquiry by CFTC into the activities of Tether Ltd and Bitfinex. The two government bodies will now commence a coordinated investigation into both cryptocurrency firms. This entry was retrieved by us on December 23, 2018 4:46 PM. Share this content on social media: Check out ethereumworldnews.com for complete listings from this source.   Log In to Comment

USD-Backed Crypto Tether Re-Enables Direct Withdrawals of Fiat USD-Backed Crypto Tether Re-Enables Direct Withdrawals of Fiat
Following an announcement from Bitfinex yesterday regarding their newfound neutrality to tether (USDT) and intent to use other stablecoins in addition to USDT, crypto firm Tether has revived its former business model of enabling 1:1 redemption of USDT for USD on its own platform. Now, thanks to stronger banking as a result of our new relationship with Deltec, Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party. This update allows the immediate withdrawal of Tether to fiat (1:1), with the ability to acquire coming soon. This share was first seen by us on November 28, 2018 9:35 PM. Share this content on social media: Have a look at www.ccn.com for more similar content.   Log In to Comment

DoJ Bitcoin Manipulation Probe Homes in on Tether and Bitfinex | NewsBTC
-Bitcoin news, price, information & analysis Tether Burns Half a Billion USDT Coins in an Act of RedemptionAn ongoing criminal probe into potential Bitcoin price manipulation conducted by the U.S. Department of Justice has begun to take a closer look at how Tether and crypto exchange Bitfinex may have played a role in Bitcoin's parabolic rise in late December. Back in May of this year, the United States Justice Department (DoJ) in collaboration with the Commodity Futures Trading Commission (CFTC) launched a criminal probe into whether or not crypto traders were manipulating the price of Bitcoin. This publication was retrieved by us on November 21, 2018 9:19 AM. Share this content on social media: Have a look at www.newsbtc.com for more similar content.   Log In to Comment

Tether Price Analysis: Stablecoin Tether [USDT] Fails to Remain Pegged to USD Tether Price Analysis: Stablecoin Tether [USDT] Fails to Remain Pegged to USD
USD Tether (USDT) technical analysis for 13th November 2018. USDT has begun to fall again. The stablecoin which is meant to remain pegged to the USD recently crashed to 0.85 against the USD and over the past week has begun to decline again. We analyze potential reasons and what may happen going forward. The widely used and controversial stablecoin, USD Tether (USDT), is struggling to remain pegged to the USD. A few weeks ago, USDT crashed against the USD and reached a low of 0.85. Many exchanges price their assets against USDT, and this event resulted in the prices of these exchanges trading at a premium. This post was found by us on November 13, 2018 1:09 PM. Share this content on social media: Visit blokt.com for more.   Log In to Comment

Brazil: Tether's New Banking Partner Deltec Suspected of Accepting Laundered Funds Brazil: Tether's New Banking Partner Deltec Suspected of Accepting Laundered Funds
Tethers new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo. Brazilian federal prosecutors investigate whether $25 million laundered by a local official could involve the accounts of Tether's new banking partner, Deltec Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust the recently-announced new banking partner of controversial stablecoin Tether (USDT) major Brazilian newspaper O Globo reports Nov. 6. As per the report, the Federal Public Prosecutor's Office in São Paulo is on the trail of Paulo Vieira de Souza, a former director of the São Paulo road infrastructure company DERSA. De Souza is currently being prosecuted for bribery in the infamous Odebrecht case, characterized by the U.S. government as the largest foreign bribery case in history. This piece was obtained by us on November 06, 2018 9:23 PM. Share this content on social media: Check out cointelegraph.com to find more similar content.   Log In to Comment

Tether [USDT]'s 'lack of conspiracy' veil drops after partnership with Deltec Bank and Trust Limited - AMBCrypto Tether [USDT]'s 'lack of conspiracy' veil drops after partnership with Deltec Bank and Trust Limited - AMBCrypto
Nouriel Roubini takes hit on Bitcoin [BTC] and others; focuses on 4,800 pump and dump schemes Bitcoin [BTC] Futures Contracts get a green signal from the regulatory authorities Bitfinex announces margin trading for Tether [USDT] with USD pair SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee XRP/USD Technical Analysis: Red clouds hover over investor sentiment SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee Bitcoin [BTC] proponent Mike Novogratz: I don't think we're going to decentralize the whole world This share was obtained by us on November 02, 2018 9:00 AM. Share this content on social media: Have a look at ambcrypto.com for additional posts.   Log In to Comment

Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars - CoinDesk Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars - CoinDesk
Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange's wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the Tether Rich List. Contrast that to the situation less than two weeks ago, on Oct. 7, when Kraken's tether wallet ranked much lower 22nd place and held less than half its current balance: 21.6 million USDT. Archived versions of the rich list show the wallet balance fluctuating between around 10 million and 24 million USDT in the period from late December 2017 to early October. This post was discovered by us on October 19, 2018 6:10 PM. Share this content on social media: Browse www.coindesk.com for additional posts.   Log In to Comment

Bloomberg: $500 million in Tether (USDT) Has Made No Impact on Bitcoin (BTC) Price - Ethereum World News Bloomberg: $500 million in Tether (USDT) Has Made No Impact on Bitcoin (BTC) Price - Ethereum World News
Bitcoin (BTC), Tether (USDT)Despite Tether (USDT) printing over half a billion dollars worth of new coinage throughout the month of August, financial news outlet Bloomberg reports the move has had little to no impact upon the crypto markets. While the company behind the most popular stablecoin cryptocurrency, now ranked 8th in total market capitalization with $2.84 billion in circulation, has been the target of numerous investigations, particularly those pertaining to the assets backing the coin, August's massive influx of new tethers is apparently not swaying the crypto markets. Despite adding an additional $500 million worth to the total market capitalization, a move that has in the past brought accusations of Tether and its partners artificially propping up the price of the industry, Bloomberg reports that the link between new USDT hitting exchanges and an increasing Bitcoin price has eroded over the past year. Whether because of the prolonged bear cycle of 2018, which is already drawing attention for its investor fatigue, or a new market force at work, Tether no longer has the same impact as in the past. This posting was first found by us on August 27, 2018 6:04 PM. Share this content on social media: Check out ethereumworldnews.com for complete listings from this source.   Log In to Comment


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