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Justin Sun, the CEO and founder of Tron and BitTorrent, says that he expects the popularity of the USDT stablecoin to increase.For the first time, the volume of Tether transactions on the Tron blockchain has surpassed that of Ethereum blockchain. This is according to available data on CoinMetrics.According to the
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In brief:An independent report from Moore Cayman confirms that USDT is backed by actual fiatThe report cites Tether’s Consolidated Reserves Report of February 28th as being accurateTether’s consolidated assets exceed its consolidated liabilitiesThe team at Tether maintains that USDT has always been fully backedUSDT’s market cap recently exceeded $40 BillionA
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A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth
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In brief:The NY Attorney General’s office has settled with Bitfinex and TetherBitfinex and Tether will cease all operations in New YorkThey will also pay an $18.5 million fine alongside other requirements to increase transparencyThe New York Attorney General’s office has reached an $18.5 million settlement with Bitfinex and Tether for
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Yesterday, Binance Coin closed at around $200 a coin, and within another 24 hours, the exchange token is already trading at another $100 higher. The surge in price and corresponding FOMO has also caused the cryptocurrency token to climb the top ten assets by market cap, making it to the number
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Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin.In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in
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Bitcoin (BTC) was lower, though staying in its range over the past six days, between roughly $30,000 and $33,000. Cryptocurrency traders and analysts planned to keep an eye on an expected Federal Reserve announcement Wednesday at 2 p.m. in Washington (19:00 UTC), detailing the U.S. central bank’s latest monetary-policy plans as
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Tether, regulated or not?Newcomers to the crypto space are quickly confronted with a popular distinction between regulated stablecoins and unregulated stablecoins. But what is the difference? Tether, the largest of the stablecoins, is often described as unregulated. But Tether executives and supporters disagree with this claim. Who is right?J.P. Koning,
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The number of tether transactions on the Tron blockchain have passed Ethereum’s count for three consecutive weeks as fees on the number two blockchain remain high. Total weekly tether transactions on Ethereum have held steady at around 1.5 million for the past four weeks. But on Tron, transactions per week have
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The publisher of the upcoming online space strategy game “Infinite Fleet” is providing a chance to buy into equity and share in future profits through the launch of a public security token offering (STO).Announced Monday, Luxembourg-based Exordium has just launched the token-based funding round in select European countries. The tokens
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