Tether (USDT)

Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.”Tether Gets a 500 BTC Ransom DemandTether, the issuer of the popular USDT stablecoin, took it to Twitter to reveal that someone had threatened to leak documents to the public in an attempt to “harm the bitcoin ecosystem.”The company explained that “forged documents...

Tether and Bitfinex have settled their case with the New York Attorney General’s office. Both companies have agreed to pay as much as $18.5 million to make the issues of the past finally disappear. The Tether Bitfinex Fiasco Has Come to an End Both companies have been under serious investigation for the last few years after having been accused of working to cover up an $850 million loss of both corporate and client funds. As a result of the settlement, both Tether and...

These days Bitcoin, Litecoin, and other digital assets are used by millions of people. With cryptocurrencies, people pay at Cookie Casino Canada, Netflix, or other online platforms. Moreover, these tokens can be a great investment. Yet, these coins should be stored in wallets, and these are the best options for 2021. Stormgain Multicurrency cryptocurrency wallet Stormgain was created as part of an exchange bearing the same name, registered in the Virgin Islands in 2019....

Tether and Bitfinex will no longer be able to trade with New York citizens and will have to pay $18.5 million in penalties as their two-year-long legal case with the New York Attorney General office came to an end. The case started in April 2019 when the NYAG office alleged the popular exchange Bitfinex of losing $850 million and using Tether funds to secretly cover the losses to the payment processor Crypto Capital. The funds were actually confiscated by government authorities from the US,...

This week was very interesting in the cryptocurrency market. Many things happened. Bitcoin reached a new all-time high, but so did a lot of other cryptocurrencies.All of the top picks we wrote about last week performed very well amid the booming bull market, and today we take a look at the top 5 altcoins that are worth paying attention to in the next seven days. Let’s have a look.Ethereum (ETH)Ethereum saw a very nice increase in the past seven days. In fact, it managed to break the coveted...

Ethereum has set a new ATH. In the last 24 hours, the second largest coin has climbed above $1,900. The digital asset is slowly inching closer to a much revered $2,000 price tag.Little stands in the way of Ethereum doubling its 2017 high. After showing strong resilience at $1,800 and setting news ATH, Ethereum now looks set for a breakout. As Ethereum (ETH) price nears $2,000, it is becoming clear that doubling the 2017 high could be easier than expected.Among the best performers in the...

CoinsLoot trims through the fat, offering traders popular digital assets in its crypto loot boxes while bypassing the burden of choice.Despite increased global attention, cryptocurrency trading often struggles to attract users who aren’t tech enthusiasts or professional traders. Regular users are often ostracized by the trading process due to its complexity and tediousness.In order to address these barriers for entry, CoinsLoot set out to find a way to make cryptocurrency trading both fun and...

Ethereum followed Bitcoin’s price through a correction earlier today. However, in doing so, it has also reached oversold levels on the Relative Strength Index (RSI) which are typically followed by a serious uptrend.Ethereum’s Price Goes Through a CorrectionAs CryptoPotato reported earlier today, Bitcoin’s price went through a mild correction which saw it dipping below $46,000 after a rejection at the coveted $50,000 level.Many altcoins followed and ETH was among them. The correction in ETH’s...

Leading cryptocurrency exchanges are rushing to add support for assets based on the Algorand blockchain. The recent additions will allow users to deposit and withdraw assets such as Tether (USDT) and USDC using the Algorand protocol. Users will also be able to trade those assets for other cryptocurrencies in a seamless manner.Assets built on the Algorand network are denoted with the suffix, ASA, to differentiate them from those on other blockchains such as ERC20 for Ethereum and TRC for Tron...

Roubini thinks the crypto industry might collapse if Tether and Bitfinex are indicted later this year. In an interview on CoinDesk Tv, NYU economics professor Nouriel Roubini criticized the recent crypto involvement of Elon Musk while the Tesla company stacked Bitcoin, calling it market manipulation. According to Roubini, the United States Securities and Exchange Commission (SEC) should investigate Musk on market manipulation charges.Notably, Musk has in the past endorsed Bitcoin and Dogecoin...