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BusinessThe company behind the stablecoin also said that through an integration with Bitfinex, investors would have fast access to the token on the crypto exchange at low cost.By Helene BraunNov 10, 2021 at 3:00 p.m. UTCUpdated Nov 10, 2021 at 4:34 p.m. UTC(Shutterstock) Source
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Short-selling research firm Hindenburg Research is to offering a bounty of up to $1 million for information that can uncover details about stablecoin Tether’s backing.The firm said it “has doubts” about Tether’s backing and is launching the Hindenburg Tether Bounty Program to encourage a search for previously undisclosed details about
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The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market.According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed to ensure stablecoin holders can freely convert
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The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has
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A 2022 trial date has been set for former NFL team owner and alleged "shadow banker" Reggie Fowler. Fowler is the accused operator of the shadow bank to the crypto sector, Crypto Capital which was at the center of controversy in the court case against IFinex Inc — the parent
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Bitcoin is in the red today, following yesterday evening’s announcement of President-elect Joe Biden’s $1.9 trillion stimulus plan.Top shelfStakeholders stakeThe bitcoin exchange-traded product (ETP) from ETC Group (recently launched on Switzerland’s SIX stock exchange, though it trades elsewhere) has seen volumes far above all the other 1,800 ETPs listed on
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Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin.The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well
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The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs. Paolo Ardoino, who serves as dual CTO to Bitfinex and Tether, tweeted Thursday that the supply of USDT increased by
Read MoreA new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely
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Tether disputes allegations of market manipulation brought in court, Vitalik Buterin issues a proposal for Ethereum’s high gas fees and Voatz weighed in on whether a longstanding federal law over computer access is overly broad. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news,
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