tether

The popularity of the Tether stablecoin (USDT) as a means of payment is growing thanks to online gaming sites and cannabis stores, Bloomberg reports. Evgeny Yugrinov, product manager for B2BinPay cryptocurrency processing, said in a comment to the publication that the volume of transactions in USDT had doubled since last year and amounted to 20% of the total. The processing cryptocurrency company CoinPayments reported that USDT accounted for 30% of the volume, […]

Today, October 25, the price of the first cryptocurrency made a sharp jump above the $ 8600 mark. The chart below shows that the sharp movement of more than $ 1000 (> 15% from previous marks in the region of $ 7400) occurred against the backdrop of a significant increase in trading volumes: According to Rekto, over the last 24 hours positions on the largest crypto derivative exchange BitMEX were liquidated at $ 200 […]

The Bitfinex cryptocurrency exchange issued a statement in which it described itself as a victim of fraud by the Panamanian company Crypto Capital. Statement in response to arrest of Crypto Capital principal by Polish authorities https://t.co/dGef6vWEed – Bitfinex (@bitfinex) October 25, 2019 As previously reported, Polish police arrested Crypto Capital president Ivan Manuel Molina Lee, who is accused of participation in […]

Tron-based USDT tokens account for more than 12% of the total offer of the most popular stablecoin. According to Tronscan, to date, 520 million Tether “stable coins” have been issued on the Tron blockchain. Given the current supply volume of Tether (4.1 billion USDT), the share of TRC20 tokens in it is 12.65%. A significant increase in the share of USDT of the new standard occurred today, October 25th. At first […]

Polish police arrested Crypto Capital president Ivan Manuel Molina Lee for alleged involvement in a drug cartel and money laundering through the Bitfinex Bitcoin exchange. This is reported by the Polish media. Presumably, it was the Panamanian processing company Crypto Capital that the exchange entrusted $ 880 million, which were frozen by the authorities. To cover the loss, Bitfinex borrowed funds from the affiliate company Tether, and then spent […]

The Bitfinex cryptocurrency exchange has announced the launch of a new “loyalty program,” which is said to offer users the opportunity to earn “unlimited” commissions. In fact, this program is a multi-level referral program, under which users are given the opportunity to invite new customers and earn commissions on this. The Bitfinex Affiliate Program is here! Join now and discover an entirely new way of […]

Against iFinex Inc. and its subsidiaries filed a class action lawsuit for more than $ 1.4 trillion with the East District Court of New York. Top managers Giancarlo Devasini (CFO Bitfinex), Philippe Porter (ex-CSO Bitfinex) and Jean-Louis van der Velde (CEO Bitfinex), as well as Panamanian processing Crypto Capital and Global Trade Solutions AG, are also defendants in the case. The last […]