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Bittrex Crypto Exchange Transitions to ERC-20 Implementation of Tether

American cryptocurrency exchange Bittrex has completed switching Tether (USDT) from the OMNI-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network. Bittrex announced that USDT deposits and withdrawals are now open in a tweet on Aug. 5. The exchange had temporarily suspended USDT deposits and withdrawals while

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Judge Locks Tether Funds from Cryptocurrency Exchange Bitfinex as NY Lawsuit Advances

The cryptocurrency exchange owned and operated by iFinex Inc, Bitfinex, is still blocked from all monetary transactions with regard to its Tether (USDT) stablecoin reserves due to the ongoing lawsuit led by New York Attorney General.Letita James, the state’s top prosecutor, has accused both the cryptocurrency exchange Bitfinex as well

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Tether Mistakenly Minted 5 Billion USDT and Immediately Burned Them

Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13.Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange Poloniex to the Tether Treasury via the Omni

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