Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe
Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether…
Tether
Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs
Balances of dai (DAI) and USD coin (USDC) on exchanges reached new all-time highs in the past week, according to data from Glassnode. The increase…
First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop)
Bitcoin (BTC) was lower, though staying in its range over the past six days, between roughly $30,000 and $33,000. Cryptocurrency traders and analysts planned to…
Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?
Stablecoins are a key cog in the cryptocurrency machine. The recent bull market has rekindled a long-simmering debate over whether the biggest such coin is,…
Bitfinex Says It’s Nearly Done Turning Over Documents to NYAG
Bitfinex expects to finish turning documents over to the Office of the New York Attorney General (NYAG) in the coming weeks, a procedural hurdle that…
Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment
The publisher of the upcoming online space strategy game “Infinite Fleet” is providing a chance to buy into equity and share in future profits through…
Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?
Bitcoin is in the red today, following yesterday evening’s announcement of President-elect Joe Biden’s $1.9 trillion stimulus plan. Top shelf Stakeholders stakeThe bitcoin exchange-traded product…
Tether’s Bank Says It Invests Customer Funds in Bitcoin
Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo…
What Are Stablecoins?
A “stablecoin” is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the…
Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency
Australia-based West Coast Aquaculture (WCA) has completed an A$5 million (US$3.65 million) initial public offering, becoming the first firm in the nation to use cryptocurrency…