Crypto markets are in turmoil. A “Black Swan” has flown in from New York, where the local Attorney General’s office has revealed that, “iFinex, the operator of both Bitfinex and Tether Limited (the firm behind USDT), had come under legal pressure from a key U.S. legal entity.” An alleged fraud of $850 million is the…
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Bitcoin prices, on a tear lately, took a bit of a breather early Tuesday after word broke of a nearly $31 million heist at currency-backed cryptocurrency company Tether. Tether reported on its website (see full text of announcement below) that $30.95 million was improperly removed by hackers from the Tether treasury wallet, and sent to an…
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Tether Limited, a leading provider of tokenized traditional government-backed currencies, today announced in partnership with Ethfinex the launch of Tether ERC20 tokens on the Ethereum blockchain, enabling tokenized US dollars to be exchanged on the Ethereum network for the first time. Launched in 2014, Tether was the first blockchain-enabled platform to allow traditional currencies to be tokenized,…
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