USDT

Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims

Tether has released a letter of intent saying that it plans to file a motion to dismiss the lawsuit that claims it manipulated the crypto market. The class action lawsuit seeks retribution for damages of more than $1 trillion. It’s based on an allegation made by the New York Attorney General’s office in April that …

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Tether Refutes Paper Naming USDT Manipulation as Cause of 2017 BTC Bull Run

Tether has issued a response to a recently surfaced paper that alleges that a single whale manipulated the market to cause 2017’s bull run in Bitcoin (BTC) price. The response Tether, which is behind the dollar-backed stablecoin USDT, published the response on the company’s website on Nov. 7, an announcement that crypto exchange and sister …

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104 Addresses Hold 70% of Tether, Research Reveals

</header> <strong>The ownership of tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against …

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80% of Crypto Trade Volume Tracked by Blockchain Surveillance

<header class=”article__header”> </header> <strong>Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility …

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Tether Created ‘Largest Bubble in Human History’ Claims Lawsuit Against Bitfinex

</header> <strong>A common attack against Tether in the crypto ecosystem is that the stablecoin isn’t really backed one-to-one by the U.S. dollar. We might soon get to know if these concerns are substantial, as the matter is now going to court. A new lawsuit against the operators of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a> accuses …

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Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices

<header class=”article__header”> </header> <strong>On September 24, digital currency markets saw significant losses as the entire cryptoconomy lost $35 billion in a short period of time. Cryptocurrency enthusiasts and traders are now even more uncertain to where markets are headed in the short term. The sudden sell-off that took place on Wednesday afternoon was unexpected and …

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How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model

<header class=”article__header”> </header> <strong>Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” …

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Bankera Launches a Global Crypto Backed Lending Solution

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> The team behind Bankera, which is building the bank for the blockchain era, has announced …

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Crypto Facilitates Money Transfer for Restricted China

</header> <strong>Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money …

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

<header class=”article__header”> </header> <strong>Tether Holdings, the firm that issues tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent …

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