Search for: tether

Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

| Nikhilesh De

A New York Supreme Court judge ordered stablecoin issuer Tether to refrain from loaning any funds to Bitfinex or other parties during an ongoing…

Bitfinex and Tether Ask Court to Loosen NYAG’s Fund Restrictions

| Nikhilesh De

Tether has asked a judge for more leeway to use its cash amid the New York Attorney General's investigation of it and Bitfinex.

Binance, Bitfinex and Tether: What’s the Worst That Can Happen?

| Daniel Cawrey

Recent events involving Binance, Bitfinex and Tether suggest there's potential for "catastrophic, systemic risk in crypto," Dan Cawrey argues.

NYAG: Bitfinex Should Be Made to Disclose Tether Deal Documents

| Nikhilesh De

The NYAG's office has told a court that Bitfinex and Tether must turn over documents detailing the companies' recent financial maneuvers.

When Tether Warnings Are Marketing Tools

| Nikhilesh De

Stablecoin issuers are taking advantage of Tether's troubles to promote their cryptocurrencies as more viable alternates.

Crypto ATM Operator Postpones Tether Buying ‘Until the Smoke Clears’

| Anna Baydakova

Crypto ATM firm CoinFlip has postponed adding the Tron version of USDT, citing the New York Attorney General's Tether probe.

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

| Nikhilesh De

Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.

This Week’s Bitfinex-Tether Allegations Explained

| Bailey Reutzel

A quick visual overview of New York's allegations against crypto companies Bitfinex and Tether.

$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations

| Nikhilesh De

More than 10 million Paxos Standard stablecoins were minted after the New York Attorney General's bombshell allegations about rival issuer Tether.

How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations

| Sebastian Sinclair

The crypto markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following the NYAG's allegations on Bitfinex and Tether.