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Tag Archives: Tether

Tether Has Enough USD to Back Tokens, Says Law Firm in Unofficial Statement

Tether’s (USDT) long-contested assertion that its digital currency is backed by the appropriate amount of dollar holdings has been seemingly confirmed, Bloomberg reports June 20. According to an interview with Tether’s general counsel Stuart Hoegner, law firm Freeh Sporkin & Sullivan LLP had access to two of Tether’s bank accounts for weeks and released the amount of dollar holdings as ...

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Tether Fully Backed by USD, Law Firm Founded by Fmr. FBI Director Says

Controversial cryptocurrency startup Tether has released a “transparency update” indicating that its dollar-pegged USDT token, which had a $2.55 billion market cap as of June 1, is fully backed by physical dollars deposited in two separate banks. Released on Wednesday, the report was a product of Freeh, Sporkin & Sullivan LLP (FSS), a legal firm founded by three former federal ...

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CoinFalcon Lists Tether (USDT) with BTC Trading, Offers Euro Access to Currency

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. London, ...

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Researchers Claim Tether and Bitfinex Manipulated the 2017 Bitcoin Price Surge

Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether Controversy Continues Most cryptocurrency enthusiasts are well aware that Tether has ...

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Clearing Up Misconceptions: This Is How Tether Should (and Does) Work

There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U.S. dollar. According to Tether, each Tether token is backed by one U.S. dollar, held in the full reserve of Tether. But the existence of the U.S. dollars pegging Tether has been called into question. Moreover, worries exist that Bitfinex has been using Tether to ...

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New Research Claims Bitcoin Price was Manipulated using Tether in 2017

New research out of the University of Texas alleges that the price of Bitcoin throughout its bull run in 2017 was being manipulated using Bitfinex’s Tether currency. Tether May Have Been Used to Prop Up Bitcoin A recently published paper by Professor John Griffin and graduate student Amin Shams examined the traffic of cryptocurrencies on the Bitfinex exchange and found ...

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Bitcoin Price was Manipulated by Tether, Researchers Claim

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Market manipulators used Tether’s USDT token to artificially inflate the bitcoin price during 2017’s prolonged bull run. That’s according to explosive new research from University of Texas finance processors John Griffin and Amin Shams, best known for identifying suspicious activity in the VIX last ...

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Did Tether (USDT) Really Manipulate the All-Time Price Highs of Bitcoin (BTC)? – Crypto Currency News

Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but ...

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