A longstanding crypto price manipulation case between Tether and Bitfinex and some of its users may be turning against the stablecoin firm as the presiding judge has ordered the firm to provide eviden...
Tag: Tether
New York judge orders Tether to document USDT backing
The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The comp...
A judge orders Tether to show backing
A US judge has ordered Tether to produce all documentation necessary to prove that all USDT put into circulation have proper hedges. The request came as part of the hearing for case 1:19-cv-09236-KPF...
Tether To Submit Memos Supporting Backing of USDT
Tether, publisher of the largest stablecoin in the digital asset industry is dealing with legal trouble these days. However, USDT is also losing its dominance to the USDC, Circle’s stablecoin. However...
Tether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure
Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost cryp...
Judge Orders Tether To Produce Proof of Assets Backing USDT
A U.S. judge is ordering stablecoin issuer Tether to produce proof of the assets it claims backs up its dollar-pegged USDT, the largest crypto asset of its kind in the world. In a new court order, Jud...
New York Judge Demands Tether To Produce Financial Records
2 hours ago | 2 mins read Altcoin News Katherine Polk Failla is the judge who presided over the case. The Tether exchange’s Bitfinex, Bittrex, and Poloniex account information was also requested. Leg...
US Court Orders Tether to Provide USDT Backing Financial Records
The lawsuit filed in 2019, which claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market to issue USDT to inflate Bitcoin’s price, has taken a new turn. United Stat...
New York court orders Tether to provide documents on USDT reserve
A New York court ordered Tether to provide financial records showing the backing for USDT. According to the order, Tether is to produce all records of transfer of trade of any cryptocurrency or stable...
US Judge Orders Tether to Prove What Backs USDT
Tether’s lawyer argued the request was burdensome and unreasonable The judge said the documents requested are “undoubtedly important” to assess the stablecoin’s backing A US Judge has ordered Tether t...
U.S. judge orders Tether to produce financial records proving USDT backing
As the lawsuit accusing Tether (USDT) and cryptocurrency exchange Bitfinex of conspiracy to issue its stablecoin in order to pump the price of Bitcoin (BTC) continues, a U.S. judge has ordered the iss...
U.S. Treasury sanctions neo-Nazi Russian wallet addresses
The U.S. Treasury’s Office of Foreign Assets Control sanctioned digital currency addresses associated with a Russian military task force. The sanctioned addresses included BTC, ETH and USDT that...
Binance’s USDC move could increase importance of Tether in crypto trading
JPMorgan Chase analysts say that Binance’s recent stablecoin decision will benefit Tether. From Sept. 29 Binance will convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to i...
Ethereum Can’t Compare to Bitcoin as Money: Tether CTO
Paulo Ardoino – Chief Technology Officer (CTO) at Bitfinex and Tether – recently commented on Ether’s usefulness as money, post-merge. The CTO believes the cryptocurrency cannot compete with Bitcoin ...
NEAR Protocol adds Tether [USDT] to its pack but here’s the catch
There has been a lot of quiet from NEAR Protocol’s [NEAR] end lately. In an awakening call, NEAR seemed to have heeded the shouts for an update. In an official announcement on 12 September, stablecoin...
Tether USDT Stablecoin Went Live on Near Protocol to Extend DeFi Presence
Tether was officially listed on Near Protocol on Monday,12th September. Tether is live on approximately eleven other protocols. Tether operation Limited, a prominent stablecoin issuer, constantly ex...
Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence
Major stablecoin issuer Tether Operations Limited continues expanding integrations with diverse blockchain networks, launching the Tether (USDT) stablecoin on the Near Network. Tether USDT is now live...
Tether (USDT) Launches on Near as New Decentralized Rival USK Goes Live
Tether launches USDT on NEAR blockchain as Kujira launches new soft-pegged stablecoin USK. According to Tether CTO Paolo Ardoino, Tether will help NEAR thrive. NEAR is a layer one smart contract block...
Tether Launches USDT Stablecoin on Near Network to Unlock New DeFi Products
Tether Operations Limited, the company behind USDT stablecoin, announced on Monday that it has launched Tether (USDT) stablecoin on the Near Network, a proof of stake (PoS) blockchain, as part of effo...
Tether Releases USDT Stablecoin on Near Protocol
Tether USDT is now accessible on the 11th blockchain, the Near Protocol. When it first appeared in 2014, Tether was created on the Bitcoin (BTC) blockchain. Tether (USDT) has been released on the Near...
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks – Bitcoin News
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will...
Tether Launches USDT on Near Protocol
Stablecoin issuer Tether today announced that its flagship stablecoin, USDT, is now live on Near, a layer 1 blockchain network that focuses on usability among developers and users. USDT Now Available...
Tether USDT launches on NEAR as protocol launches $100M Web3 fund
Stablecoin issuer Tether announced the successful integration of the USDT stablecoin on NEAR protocol. According to Tether, launching USDT on NEAR will help bring more stability to NEAR’s DeFi ecosyst...
Tether Launches USDT Stablecoin on NEAR Protocol
Tether will be launching its stablecoin (USDT) on NEAR Protocol. With this, the cryptocurrency will be circulating on a total of twelve different blockchains. According to a press release shared with ...
1INCH Flips Tether and Shiba Inu Top Ethereum Wallet Holdings
1INCH has surpassed Tether’s USDT and Shiba Inu (SHIB) in the ranks of the cryptocurrencies being held by the top 100 Ethereum wallets due to increased demand by whales. 1INCH holders received positi...
Tether lawsuit judge sets hearing to discuss Roche Freedman concerns
The federal judge presiding over the Tether class action has set a hearing for Oct. 3 to discuss requests made by parties involved to remove embattled law firm Roche Freedman from the case. U.S. Distr...
Law Firms Want to Replace Roche Freedman in Tether Crypto Case – crypto.news
Two law firms have requested to be appointed as lead counsel in the Tether class action case in place of Roche Freedman. Law Firms Want Roche Freedman off Tether Case Law firms Kirby McInerney and Rad...
Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action
The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether ...
Binance to forcibly liquidate major stablecoins — but not Tether
Binance has announced that it will forcibly convert third-party stablecoins USDC, USDP, and TUSD into Binance’s own stablecoin, BUSD. After its mandatory liquidation date of September 29, USDC, USDP, ...
No plans to auto-convert Tether, though that ‘may change’
Crypto exchange giant Binance has confirmed it has no plans to “auto-convert” Tether (USDT) to Binance USD (BUSD) at the moment, though it noted that this “may change.” On Tuesday, the crypto exchange...