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Tether News

What is Tether? The Tether definition is fairly simple. Tether (USDT) is a stablecoin cryptocurrency, with each token aimed at tracking the value of 1 U.S. dollar. Assets pegged to the value of national currencies (fiat currencies) are called stablecoins. Participants can sell other cryptocurrencies for USDT to protect against volatility while maintaining the ability to send the asset to personal wallets or storage. Ethereum, as well as other blockchains, host USDT.

Trading a Bitcoin/Tether, or BTC/USDT, pair is an option on some crypto exchanges or platforms. Cointelegraph’s Tether Price Index shows various data on the asset, including its market cap, along with its price, which should remain close in value to the U.S. dollar.

Top News

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

The IEO will begin as a private token sale lasting through May 11, with a public phase to follow at Bitfinex’s discretion.

Bitfinex Confirms Initial Exchange Offering to Raise Up to $1 Billion in Tether

2019-05-08T11:06:00+01:00

7151

Crypto markets have evidently tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance.

Crypto Markets Turn Red After Binance Hack, US, EU Stocks Steady as Asian Equities Falter

2019-05-08T10:58:00+01:00

3670

Tether, Bitfinex fight back against New York attorney general’s legal claims, as the stablecoin maintains stability.

Tether, Bitfinex Stay Afloat Amid Controversy

Gareth Jenkinson

2019-05-07T12:15:00+01:00

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Judge Joel M. Cohen refused to dismiss the court order entirely, but took aim at the “amorphous and endless” nature of its accusations.

New York Judge Criticizes Attorney General Claims Against Bitfinex, Tether

2019-05-07T12:00:00+01:00

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A legal document says the case against the companies lacks basis and uses an incorrect legal standard.

Bitfinex, Tether Formally Contest US Court Case Over Alleged $850 Million Fraud

2019-05-06T12:02:00+01:00

4877

CoinMarketCap’s website explains that prices can be manually excluded from its bitcoin average if it “does not seem indicative of a free market price.”

Bitfinex’s Price for Bitcoin, $300 Higher than Market Rate, Excluded from CoinMarketCap

2019-05-06T11:50:00+01:00

5142

Hodler’s Digest

Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter.

Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Molly Jane Zuckerman

2019-05-05T20:36:00+01:00

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The New York State Attorney General Letitia James has requested the release of documents concerning an alleged deal made between Bitfinex and Tether.

NYAG Requests That Bitfinex Be Forced to Release Tether Deal Documents

Adrian Zmudzinski

2019-05-05T18:44:00+01:00

7051