Tether and NYAG reconciled: improving transparency is the solution

A long-term legal drama finally found a solution on February 23. The New York Attorney General’s Office (NYAG) announced that it had reached a settlement with Bitfinex after a 22-month investigation into the cryptocurrency exchange Bitfinex. Previously, Bitfinex had tried to conceal its losses by distorting the extent to which its USDT reserves were backed […]

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Interview with Tether: Questions about USDT come from outsiders who don’t believe in Bitcoin
Interview with Tether: Questions about USDT come from outsiders who don’t believe in Bitcoin

Preface This issue of TokenInsight interviewed Mr. Paolo Ardoino, CTO of Tether and Bitfinex. In response to a series of disputes surrounding USDT, Mr. Ardoino gave answers. In addition to issues such as USDT reserves, supervision, and stable currency competition, TokenInsight also discussed with Mr. Ardoino on issues related to the Bitfinex exchange. This issue […]

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Bitfinex announces that it has repaid Tether loan balance, but legal proceedings continue
Bitfinex announces that it has repaid Tether loan balance, but legal proceedings continue

A US$500 million loan has been settled, but multiple lawsuits are still going on. In a brief statement, Bitfinex, the sister company of the centralized stablecoin Tether, announced that it has repaid Tether’s outstanding loan balance of $550 million. This move fully settled the US$750 million loan out of the US$900 million credit line first […]

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New York’s investigation of cryptocurrency Tether hits fresh delay – Financial Times

New York’s investigation of cryptocurrency Tether hits fresh delay  Financial Times Buckle your seatbelts: NY Attorney General to decide on Tether in 30 days  CoinGeek Tether and Bitfinex seek further 30 days to produce critical trial documents  Cointelegraph Tether Produces More Than 2.5 Million Documents to NYAG  Decrypt Lawyer for Bitfinex, Tether says firms are almost finished producing documents […]

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Tether’s Bank Says It Invests Some Customer Funds in Bitcoin – CoinDesk – CoinDesk

Tether’s Bank Says It Invests Some Customer Funds in Bitcoin – CoinDesk  CoinDesk What is Tether backed by?  CoinGeek Why Tether’s Reserves Probably Don’t Contain Bitcoin  Crypto Briefing Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?  Yahoo Finance Research Affiliates Quant Warns of Bitcoin Market Manipulation  Bloomberg View Full Coverage on Google News Go to […]

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What is Tether backed by? – CoinGeek

What is Tether backed by?  CoinGeek Tether’s Bank Says It Invests Some Customer Funds in Bitcoin – CoinDesk  CoinDesk Research Affiliates Quant Warns of Bitcoin Market Manipulation  Bloomberg Tether’s Banking Partner Deltec Reveals Investment in Bitcoin  Finance Magnates Tether’s Bank Says It Invests Customer Funds in Bitcoin  Yahoo Finance View Full Coverage on Google News Go to Source

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