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Tag Archives: Tether

Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap. Tether market cap ...

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Ex-FBI Director Louis Freeh Opens up about Tether Investigation

The controversial “stablecoin” known as Tether has certainly had an interesting past few months. Company founders say the token is backed by physical USD at a 1-to-1 ratio, which has sparked immense discussion and debate inside of the cryptocurrency community. Some see Tether as a systemic risk to the entire virtual currency world. Others see the startup behind it as ...

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Tether (USDT) Hires Bank of Montreal Executive, Improvement in Transparency and Compliance

The primary provider of fiat backed digital tokens, Tether, has brought on a Leonardo Real, the former AML quality control manager at the Bank of Montreal, as Chief Compliance Officer (CCO). The hire was reportedly made “in order to create the gold standard for regulatory compliance” in the cryptocurrency sector. Real joins Tether as the company continues to face questions over ...

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Tether Appoints BMO Anti-Money Laundering Manager as Chief Compliance Officer

Cryptocurrency startup Tether Limited has appointed a former AML Quality Control Manager at the Bank of Montreal (BMO) to lead the company’s regulatory compliance efforts, according to an announcement published July 12. The company behind cryptocurrency Tether (USDT) has hired Leonardo Real as Chief Compliance Officer. Real was previously responsible for establishing practices, policies, and procedures in accordance with regulatory ...

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Crypto Startup Tether Hires Bank of Montreal Vet to Head Compliance Efforts

Cryptocurrency startup Tether, the creator of the controversial crypto token of the same name, has hired a former Bank of Montreal executive to head the firm’s compliance efforts. The British Virgin Islands-based company announced on Thursday that it had appointed Leonardo Real to serve as its new chief compliance officer (CCO). Prior to joining Tether, Real served as AML Quality ...

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Kraken Crypto Exchange, Community Blast Bloomberg Article on Tether ‘Red Flags’

Major crypto exchange Kraken has issued a scathing response to a recent Bloomberg article about stable cryptocurrency Tether (USDT) allegedly “defying logic” on Kraken’s platform. The article in question, titled “Crypto coin Tether defies logic on Kraken’s market, raising red flags,” was published on Bloomberg June 29, with comments and analysis from several academics and Andrew Rennhack, a former professional ...

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Unusual Activity Suggests Tether Trading on Kraken Is Being Manipulated: Report

Three weeks after a University of Texas professor published a report alleging that Tether and Bitfinex had manipulated the price of Bitcoin all throughout 2017, a new report has emerged that questions the stablecoin’s trading pattern on Kraken, an American crypto exchange. The report was published on Bloomberg and included research and analysis by some renowned experts on market manipulation ...

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Kraken Strikes Back at Tether Price Manipulation Claims

Cryptocurrency exchange Kraken is calling foul on allegations that its tether (USDT) markets are frequently characterized by trading activity commonly associated with wash trading and other forms of market manipulation. Last week, Bloomberg published an investigative report examining trades involving tether, a “stablecoin” allegedly backed by physical U.S. dollars at a 1:1 ratio. Controversy has long swirled around USDT — ...

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