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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Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token
Stasis, a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly and annual audits of its financials, including the euro reserves backing the startup's EURS token.
2019 Will Be a Big Year for Stablecoins
The current wave of stablecoin issuances is a result of the current bear market in underlying crypto assets, leading to upwards of 50 stablecoins on offer today.
Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs
Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading pairs, according to announcements from both firms Tuesday, Nov. 27.
Tether Says Customers Can Once Again Deposit and Redeem Fiat
"This update allows the immediate withdrawal of Tether to fiat, with the ability to acquire coming soon."
Binance Renames Its USDT Market to Combined Stablecoin Market
Major cryptocurrency exchange Binance has renamed its Tether Market to be a combined Stablecoin Market, according to an announcement published Nov. 26.
Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim
The U.S. Department of Justice has focused its investigation crypto market manipulation on whether or not Tether was used to artificially inflate Bitcoin prices during last year's momentous rally, Bloomberg reports Nov. 20.Bloomberg cites three unnamed sources "Familiar with the matter" who allege that the DoJ has "Honed in" on the triad of Bitcoin, Tether, and its affiliated crypto exchange Bitfinex - the latter two of which share a CEO, Jan Ludovicus van der Velde.
Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation
The U.S. Department of Justice is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin, a report says.
Breaking the Peg: Every Stablecoin Has Its Points of Failure
In the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass adoption.
Bitfinex's Parent Company Has a New Offshore Services Provider
iFinex, the parent company of controversial cryptocurrency exchange Bitfinex, appears to have hired a new offshore corporate services provider.
Brazil: Tether's New Banking Partner Deltec Suspected of Accepting Laundered Funds
Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust - the recently-announced new banking partner of controversial stablecoin Tether - major Brazilian newspaper O Globo reports Nov. 6.