A tether is a cord, fixture, or flexible attachment that anchors something movable to a reference point which may be fixed or moving. There are a number of applications for tethers: balloons, kites, tethered wind-energy conversion systems, anchors, tethered water-flow energy conversion systems, towing, animal constraint, spaceflight, and power-kiting. Tethering is also used to prevent the theft of a computer at a school or library.
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Bitfinex's Chief Strategy Officer Leaves Crypto Exchange
Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company.
Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down
Chief Strategy Officer Phil Potter of Bitfinex crypto exchange is resigning from the company, Reuters reports June 22.
Tether Audit: FSS Report States All USDT Is Fully Backed, but Can't Prove It
USD-paired stablecoin Tether released a report that indicates the company behind USDT does possess sufficient capital to back each individual token on a 1:1 basis.
Crypto Cries Foul In Wake of Tether's Dollar Token Report
That's what some are wondering after Tether, the makers of the dollar-pegged crypto asset, USDT, made an announcement Wednesday insisting that its tokens - valued at $2.6 billion - are fully-backed by real cash.
Tether Has Enough USD to Back Tokens, Says Law Firm in Unofficial Statement
Tether's 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 of June 1, although not as part of an official audit.
Tether Review Claims Crypto Asset Fully Backed
With its auditor, Tether has finally produced a third-party report proclaiming that its cryptocurrency is fully backed by U.S. dollars - with some big caveats.
'Toxic' Suspected Manipulation Sees Bitcoin Futures Sink 55% in 2018
Further concerns surrounding the impact of Tether and Bitcoin futures on the leading cryptocurrency's fortunes were raised on CNBC, Wednesday June 13th. As CNBC notes, Bitcoin futures have sunk 55 percent this year, reaching their lowest levels since February.
Bitcoin Price Manipulation: Study Suggests $2.5 Billion Tether Used to Create Artificial BTC Demand
A new investigation conducted by University of Texas researchers reveals compelling evidence that the meteoric rise of Bitcoin and other cryptocurrencies in late 2017 is linked to price manipulation executed by individuals using Tether to create artificial market demand.
Ripple CEO Claims Bitcoin Is Under Control of Small Group of Miners From China
"I'll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50 percent of Bitcoin. How do we know that China won't intervene? How many countries want to use a Chinese-controlled currency? It's just not going to happen."
Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find
The U.S. dollar-pegged tether has been used to support bitcoin's price during market downturns, a new study published by University of Texas at Austin professors.