Posts in category

Tether


The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. John Griffin and Amin Shams, of the University of Texas at Austin’s Department of Finance, published a study Wednesday linking the stablecoin with bitcoin’s prices during the 2017 price increases. …

0 36

The top U.S. futures regulator has denied a Freedom of Information Act (FOIA) request related to cryptocurrency exchange Bitfinex and the closely-linked ‘stablecoin’ operator Tether, according to records obtained by CoinDesk. The FOIA request, sent in late February, sought “subpoenas issued to iFinex inc. also known as Bitfinex and it’s subsidiary companies, as well as subpoenas …

0 36

Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $1 per token on Tuesday March 20, according to data from Omni Explorer. In mid-February, Tether had released 86 mln in euro-backed EURT and 61.1 mln in US dollar-based USDT on the Ethereum (ETH) Blockchain. Bitfinex’ed, …

0 37

Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. Often, when a cryptocurrency tanks, holders of a rival coin will tease them with “SFYL” – sorry for your loss. But the entire industry needs to keep an eye on …

0 40

ING Groep NV confirmed Tuesday that cryptocurrency exchange Bitfinex has an account with the Dutch bank. According to Bloomberg News and Reuters, a spokesperson for the financial services company acknowledged Bitfinex’s account but declined to share any other information, citing confidentiality. The reports made no mention of Tether, the affiliated company behind the USDT token …

0 40

Tether has launched a fresh round of token creation, this month adding 86 mln euro-pegged EURT and 60.1mln dollar-pegged USDT to its issuance as Finance Magnates reports Feb. 15. Both tokens are issued on Ethereum, with two wallets currently showing the ongoing activity as Tether continues to face mixed press following volatility. Finance Magnates quoted …

0 37

Cryptocurrency exchange Bitfinex and Tether, the company behind the controversial USDT token, have been subpoenaed by the U.S. Commodity Futures Trading Commission, according to a new report from Bloomberg. Citing an unnamed source, Bloomberg said that the CFTC had sent queries to both companies last week. The news comes days after CoinDesk reported that Tether’s relationship …

0 38

Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended. The statement, provided Saturday evening by a company spokesperson to CoinDesk, confirms the suspicions of online sleuths and is likely to raise new questions about the company’s finances. Friedman had been working on an audit of Tether, …

0 41

Usually, no one bats an eye when a cryptocurrency’s price drops 30 percent over the course of a week. This is the Wild West, after all. But when it happened to DAI this month, heads turned, primarily because the token was designed specifically to hold its peg with the U.S. dollar. One of a growing number …

0 44

Hard forks? Soft forks? ICOs? Bombarded by no shortage of unfamiliar technical terms in 2017, consumers in the blockchain sector once again proved a ripe target for hackers and criminals. But, not all hacks and scams were created equal. Some rose above the froth – either due to their size or impact – as well as …

0 39

Tether, a Santa Monica-based startup that provides a dollar-pegged token, has said it plans to launch a new platform following a claimed security breach in November. In a notice on its website, Tether lists some of the steps taken to recover from the hack that is claimed to have stolen $30 million-worth of its tokens, …

0 44

Bitfinex has hired the law firm of Steptoe & Johnson and is threatening legal action against a pseudonymous blogger and others who it says have made false claims about the bitcoin exchange. In a statement, Bitfinex said it hired Steptoe to respond to such claims with “appropriate action,” including “possible litigation” against “various parties.” Jason Weinstein, …

0 37

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A wallet associated with this week’s $31 million Tether hack has been linked to previous bitcoin exchange thefts numbering in the tens of thousands of bitcoins. As CCN reported, the Tether development team revealed yesterday that its hot wallet had been hacked …

0 37

Those behind the alleged theft of $31 million worth of Tether’s US dollar-backed tokens were also involved in a high-profile hack two years ago, a cybersleuth has concluded from available blockchain data. The company behind the dollar-backed cryptocurrency tether claimed Monday night that it had been robbed, sparking a new wave of speculation around the …

0 38

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price has recovered above $8,200 after careening significantly in the wake of the Tether hack. Bitcoin Price Plunges & Recovers in Wake of Tether Hack As CCN reported, The bitcoin price endured a temporary correction on Monday following a report …

0 40

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Tether Treasury wallet has been hacked, leading to the loss of $31 million in USDT, a crypto-token which pegs its value to the US dollar through an inflationary monetary policy. In an official announcement, the development team of Tether stated: “Yesterday, …

0 40

Tether, the company behind a dollar-pegged cryptocurrency widely used by in the market’s exchange trade, is claiming its systems have been hacked and that $30 million worth of its tokens have been stolen. In a post on the project’s website (which at press time is unavailable), Tether blamed a “malicious action by an external attacker” …

0 40