Bitfinex Adds Tether to its Exchange Platform
US-based digital currency exchange Bitfinex is integrating Tether into its system. Tether claims to be the first real-world currency platform built on the bitcoin blockchain. The currency is allowing Bitfinex users to fund and withdraw money from US accounts without the aid of traditional banking institutions. Tether is currently available on both the withdrawal and deposit pages of Bitfinex. A spokesman for the exchange commented: "We see Tether as a significant optimization for the problems that plague Bitcoin traders and exchanges when interfacing with the traditional banking system.......
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Welcome to the first NewsBTC Weekly Bitcoin Recap, where we highlight our top stories of the week. Let's take a look at the biggest headlines for the week of January 18 - 24, 2015. 1. ChangeTip Comes to Facebook - as reported on January 18th. Microtransactions bitcoin startup ChangeTip can now be used on Facebook. According to newly appointed vice-president for product Dan Held, adding Facebook has been on the company's to-do list for quite some time. Held states, "With over 1 billion users, enabling this on Facebook opens up a unique way to bring new people into bitcoin... Facebook is the....
The CTO at Bitfinex Paolo Ardoino has pushed back against rumours that the company’s Tether stablecoin may be the next target of the U.S. Securities and Exchange Commission (SEC). The Bitfinex executive insists that the Tether stablecoin, whose market capitalization has now surpassed $20 billion, is a properly registered and regulated crypto. The Alleged Misinformation Campaign The CTO said while responding to rumours circulating on social media that the USDT stablecoin might fall into a predicament similar to that of Ripple’s XRP token. Immediately after the SEC filed to sue....
The NYAG has said Tether and Bitfinex have been cooperating in its inquiry, which is expected to progress more quickly once the documents are provided.
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.”
CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’
The stablecoin issuer....
Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out. A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to which its Tether (USDT) reserves were backed by fiat collateral.According to the terms of the announced settlement,....