Tag Archives: tether

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Executives behind the stable currency Tether – which is not only popular, but also somewhat controversial – have announced they just bought more than $200 million worth of bitcoin as a means of backing their digital currency. Tether and Bitcoin… Together Again A stable currency is a digital currency that’s not...

Bitcoin and many other altcoins haven’t been doing too well as of late. These currencies are dropping and shedding value faster than anyone could have anticipated. However, their falls have given rise to stable coins, which have ultimately taken the spotlight over the course of the past week or so. Stable Coins Are Growing Like Mad Stable coins are digital assets with value that doesn’t move. This is because they are tied to fiat currencies like the U.S. dollar. When...

More than $3 million in Tether units have been stolen from a private antique dealer in the nation of Taiwan, suggesting that even decentralized finance is vulnerable to the illicit dealings of those who would steal and commit dirty deeds to get their hands on money. Investor Loses More Than $3 Million in Tether The victim in question is a man named Liu Kun-Hung. He holds plenty of crypto in assorted online wallets. Two contained more than $3 million in Tether, a popular...

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...

New York attorney general Letitia James has issued a statement to all residents of New York warning them that cryptocurrencies are risky, and that they should think twice before investing in them. Letitia James Warns Against Crypto Usage In the statement, she also takes aim at all cryptocurrency businesses, claiming that if they do not follow the rules set forth by New York and the rest of the country, they are likely to face serious monetary and legal consequences. This...

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...

Will stable currencies ultimately take over bitcoin? According to a new report, the controversial stable coin known as Tether is slated to become the second-largest cryptocurrency by market cap as early as next year, and will only be smaller than bitcoin, but how long will that last?Is Tether About to Get Much Bigger?The world of stable coins has doubled in the past few months, and it looks like average traders and retailers alike are getting into the stable coin craze. Even Atari, a video...

It looks like China is playing by its own financial rules. According to a new report released by blockchain security firm Chainalysis, the country moved as much as $50 billion in cryptocurrency out of the country last year as a means of avoiding present sanctions.China Has Its Own AgendaAs it stands, residents of China are only allowed to purchase up to $50K in foreign currency. Previously, many wealthy members of the nation sought to get around this rule by investing in real estate and other...

An investigation into the Tether stable currency is presently underway following a request granted by an appeals court to the New York Attorney General’s office.Tether Is Under FireThis presents a major problem for Tether developer Brock Pierce, one of the top dogs in the world of digital assets. The 39-year-old recently announced his plan to run for president as an independent (with only four months left to go before the election) and is opening his campaign with several unique promises such...

Uh oh. Is Tether behind bitcoin’s latest surge?Tether Is At It AgainOver the years, rumors have swelled that Tether has been tied to bitcoin as a way of boosting its price. University of Texas finance professor John Griffin has put out reports in the past suggesting that the 2017 bitcoin burst we all witnessed was actually caused by traders using Tether – a controversial stable currency – to purchase bitcoin whenever it’s price went down.Stable coins are those supported by fiat currencies,...