Crypto Flipsider News – Market Rally After Fed, Reddit Prepares IPO, Shiba European Exchange, Dogecoin Gets First NFT, Binance Indonesian Exchange, Tether Faces Another Lawsuit Read in the Digest Markets…
Tether
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Tether faces yet another lawsuit, this time for ‘unlawful and deceptive’ practices
by Mikiby Miki“Two regulatory agencies, the New York State Attorney General and the Commodities Futures Trading Commission found that Defendants had misrepresented the backing of Tether tokens and in fact, Defendants did…
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All the companies that supply stablecoin should answer the questions posed by the committee by December 3rd. While US officials are struggling for transparency for stablecoins with big names like…
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They say opposites attract, and this is certainly the case when it comes to stablecoins and regulatory scrutiny. Now, Tether [USDT] and Circle [USDC] are in the spotlight yet again…
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After reaching a market high of $69,000 on 10 November, Bitcoin registered a drop of 15% over the past 10 days. The valuation dropped under the $60,000 threshold and at…
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Top stablecoin Tether has emerged to become the cryptocurrency industry’s primary crutch over the past seven years, according to a new report. The report noted that Tether acts as a…
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Tether’s holdings and the question of whether its USDT stablecoin is fully backed by dollars is a sore spot for the company. More recently, however, the burning and minting of billions…
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Solana Elbows Tether to 4th Position amid NFT Secondary Sales Clocking $500M
by Mikiby MikiDays after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at…
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The Acting Chairman of CTFC noted that the case showed just how desperately the digital asset marketplaces need honesty and transparency. The Commodity Futures Trading Commission (CFTC) has fined both…
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Key Takeaways According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether’s stablecoin reserves could be a…