Forensic Study Claims Bitcoin’s 2017 Rise was Manipulated by a Single Large Player
Nov04

Forensic Study Claims Bitcoin’s 2017 Rise was Manipulated by a Single Large Player

In June 2018, researchers John Griffin and Amin Shams published a paper arguing that trading patterns on the blockchain suggested that the Tether stablecoin had been utilized to manipulate the price of Bitcoin during 2017’s historic cryptocurrency bull run. A new forensic study from the duo has reportedly found that the manipulation was caused by “one large player.”

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Class-Action Lawsuit Accuses Bitfinex and Tether of Manipulating Cryptocurrency Markets
Oct08

Class-Action Lawsuit Accuses Bitfinex and Tether of Manipulating Cryptocurrency Markets

A class-action lawsuit filed on Sunday accuses Bitfinex and Tether of manipulating the price of Bitcoin, and “propping and popping the largest bubble in history,” Bloomberg reports. The lawsuit alleges that the defendants’ actions have likely caused damages of more than $1.4 trillion.

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Tether Confirms Launch of Yuan-Backed CNHT
Sep09

Tether Confirms Launch of Yuan-Backed CNHT

Tether today announced the launch of its CNHT cryptocurrency, a stablecoin that will be pegged to the offshore Chinese yuan (CNH). The launch was confirmed in an announcement posted on the company’s website on Monday.

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Report: Tether to Introduce Stablecoin CNHT, Pegged to Chinese Yuan
Aug22

Report: Tether to Introduce Stablecoin CNHT, Pegged to Chinese Yuan

Tether has plans to introduce a new stablecoin that would be pegged to the value of China’s yuan currency, according to an article published by Chinese media outlet Chain News. The plans for the ‘CNHT’ stablecoin were reportedly confirmed by Bitfinex shareholder Zhao Dong, who suggested that his RenrenBit digital asset management platform will be among the first to back the new venture.

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Bitfinex Disputes NY AG Allegations
Apr28

Bitfinex Disputes NY AG Allegations

Cryptocurrency exchange Bitfinex has responded to recent allegations by the New York Attorney General’s office in a statement on the company’s website. The statement asserted that the AG court filing was written in bad faith, and disputed accusations that the company has lost $850 million.

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NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss
Apr26

NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss

In a statement released on Thursday, New York Attorney General Letitia James accused the operators of the Bitfinex cryptocurrency exchange of using at least $700 million of tether reserves to hide $850 million of losses. The AG’s office announced that it has obtained a court order enjoining the Bitfinex operators from further violations of the law “that may have defrauded New York investors that trade in virtual or ‘crypto’ currency.”

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DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017
Nov24

DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017

Earlier this year, there were reports that the U.S. Department of Justice had launched a criminal probe into the cryptocurrency industry, focusing on spoofing, wash trading, and other illegal practices. This week, Bloomberg reported that the DOJ is now examining whether Tether trading played a role in illegally manipulating prices for the world’s most well-known digital currency:

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Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd
Nov01

Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd

Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.

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