Tether (USDT)

The Founder and CEO of FTX – Sam Bankman-Fried – revealed that the increased number of cryptocurrency regulations forces him to spend around five hours a day dealing with it. Furthermore, he asserted that the exchange would keep supporting Tether (USDT) despite the controversy. ‘We Have to Stay on Top’ During a recent interview for CNBC, the 29-year-old Sam Bankman-Fried said that he has to spend a considerable part of his day handling cryptocurrency regulatory measures and...

Ethereum price extended its increase above the $2,500 resistance against the US Dollar. ETH price is now trading well above $2,400 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,520 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it might start a fresh increase above $2,600. Ethereum price is showing positive signs above $2,400 against the US Dollar. ETH/USD must stay above...

For the most part, analysts seem mixed on the idea of crypto regulation. Several of them claim that more regulation would hinder the space and lead to a lack of innovation. They also say it could get in the way of privacy and financial independence. However, there are some money-minded figures out there – like Jordan Belfort – who believe regulation would have the opposite effect and allow bitcoin and crypto to soar like they never have. Jordan Belfort Is All for Crypto...

Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price. What’s Supposedly Going on With Tether and the DOJ? The Justice Department is reportedly seeking to determine the extent of U.S. banks’ knowledge of Tether Limited’s business and the prolific use of its...

To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit. Traders now can deposit BTC, USDT, ETH, XRP, LTC, and EOS and enjoy trading with 100x leverage.（Bexplus also cooperates with third-party purchasing cryptocurrency platforms, so if you don’t have cryptocurrency, it...

Tether just issued a brief response to a Bloomberg article published earlier today, alleging that the company’s executives are facing a criminal probe into Bank Fraud.  Tether implies that Bloomberg’s claims are recycled, pointing out that the article is based on unnamed sources and stale, years-old allegations. The stablecoin issuer considers the article as part of a continued effort to discredit them while being “patently designed to generate clicks.” Tether says that they...

Criminal charges currently faced by Tether due to this unethical act are said to carry heavy complications for the company’s future. Tether, which is known as a major USDT administrator, has been embroiled in a new controversy stating that the company’s executives have been allegedly involved in conducting bank frauds as per the recent Bloomberg reports. The company executives have been under strict investigation and bear accusations of serious bank fraud that was conducted years ago.Tether...

Tether executives are reportedly facing a probe from the US Department of Justice (DOJ), as prosecutors are looking into the company’s past activities with its banking partners. According to Bloomberg on Monday (July 26, 2021), the information came from three anonymous sources familiar with the matter. The DOJ is investigating whether banks were aware of the crypto-based transactions carried out by Tether. USDT is the largest stablecoin by market capitalization. The total...

Tether, the company behind the biggest stablecoin by means of total market cap – USDT – has announced that CREAM Finance has become the first DeFi protocol to support their Euro-pegged EURt token. According to a recent press release, CREAM Finance – a well-known DeFi protocol, has become the first to integrate Tether’s EURt stablecoin into its lending platform. Users on the platform will be able to access EURt for lending and for borrowing. Meanwhile, they can also do so...

Stablecoin giant and crypto’s money-printing machine Tether has not issued a single USDT on the Ethereum network in the last 50 days as other stable assets gain ground in the market.  USDT Issuance on Ethereum Dries Up According to recent data, the last time USDT was minted on Ethereum was on May 31st, making it the longest time in history that the asset has not been issued on the network. The total value of minted ERC20 USDT now stands at $28.9 billion. Tether (USDT) Minted....