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Tether fires back against report it is using reserves for investments and making crypto-backed loans
"If those loans fail, even a small percentage of them, one Tether would become worth less than $1," said Bloomberg reporter Zeke Faux.
Tether scores win in class action case as court dismisses RICO claims
"Litigation will expose this case for what it is: a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem," said Tether.
SEC Denies Freedom of Information Act Request Concerning Tether Documents
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social…
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in…
Evergrande crisis: Buy the dip or bail? Pundits weigh in
Marty Bent, the co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system
Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months
Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the…
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681…
Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?
As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.