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Tag: Tether

Facebook scales back global currency plans

April 16, 2020 Comments are Disabled

In an updated version of its white paper, released today, the Libra Association says it is scaling back its initial plans for a global payments medium and instead focusing on […]

Whose backstop?

March 17, 2020 Comments are Disabled

Welcome to the new financial system. Same as the old one? On the face of it, the philosophical differences between centralised and decentralised finance (or ‘CeFi’ and ‘DeFi’, for short) […]

Bitfinex digs in for New York legal fight

December 17, 2019 0 comments

The battle between New York state prosecutors and the operators of tether, the world’s largest ‘stablecoin’, shows no sign of dying down. In a brief filed on 4 December with […]

The stablecoin race

October 9, 2019 0 comments

If you want to get regulators onside to launch a new global payments technology, there’s one place in particular where you need to plead your case. It’s Basel in north-west […]

Untangling tether

August 7, 2019 0 comments

Is tether a fraud or a threat to the hegemony of the US dollar? Nothing better illustrates the clash between traditional finance and the new world of cryptocurrencies than tether, […]

Bitfinex fallout continues as bitcoin hits 6% premium

April 29, 2019 0 comments

The fallout from last week’s indictment by the New York State Attorney General of Bitfinex and Tether continues, this time in the form of a 6 percent price premium in […]

NY prosecutor alleges fraud by Bitfinex

April 26, 2019 0 comments

The owners of cryptocurrency exchange Bitfinex have been defrauding clients by engaging in secret, conflicted transactions with related parties, according to a court order published on April 25 by the […]