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With the Fed's Jerome Powell providing less-than-encouraging news, now may be the time to consider adding cryptos to your watch list.

To attack Tether's reserves

Leading stablecoin issuer has played down accusations in recent report published by The Wall Street Journal

Tether is extending the timeline for a full audit yet again. It was reported yesterday that the date for a full audit is postponed by months.

Citizens of the Argentinean province Mendoza will be able to pay their taxes in Tether (USDT) instead of pesos.

Responding to claims that the stablecoin is not adequately backed by reserves, Tether described the allegations as ‘unsubstantiated conclusions'. After a Wall Street Journal article said there were doubts about the company's reserves, Tether reacted with a clarification.

Tether has responded to concerns raised by a recent article by The Wall Street Journal claiming that the USDT issuer has inadequate reserves. The post Tether responds to WSJ's insolvency claim, says its US Treasury assets are safe appeared first on CryptoSlate.

Tether Holdings, the issuer of USDT,has extended the timeline for its full audit.

Two weeks ago, Tether made headlines about the improvement in its market capitalization and the fact that it managed to reverse a three-month downtrend. However, Wall Street Journal's (WSJ) recent article has claimed that Tether's balance sheet is in such a meek position that even a 0.

Tether's balance sheet is in bad shape and a small drop could cause insolvency, according to a Wall Street Journal (WSJ) story, even a 0.3% loss in the value of its reserve assets might “make Tether technically insolvent.

Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether's liabilities were to outweigh its assets.

Tether has said an audit of its finances, meant to assure of its stability, could still be months off, according to Chief Technology Officer Paolo Ardoino.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tether co-founder Reeve Collins discusses Tornado Cash sanctions, and Crypto World explores new rules around crypto donations to political candidates in California.

In an unprecedented move, Tether [USDT] has defied Office of Foreign Assets Control (OFAC) sanctions. The organization has decided to go against the OFAC on the grounds of the latter not indicating “that a stablecoin issuer is expected to freeze secondary market addresses.

The issuer of the most widely used stablecoin says it is not freezing addresses linked to sanctioned crypto mixer Tornado Cash. Early this month, the Treasury Department's Office of Foreign Assets Control (OFAC) announced that it is banning Americans from using the Tornado Cash, claiming that the service is a national security threat.

The world's largest stablecoin issuer won't freeze tainted addresses, for now.

Tether Holdings Limited has released its June 2022 Assurance Consolidated Reserves Report. The debate on the reserves held by Tether has been ongoing, with Tether asserting that its tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether's reserves.

USD-backed stablecoin issuer Tether (USDT) has released a statement that it would not be freezing all Tornado Cash addresses that the U.S. Treasury has sanctioned.  Tornado Cash Sanctions   On Wednesday, Tether released a statement expressing that it will not freeze smart contract addresses sanctioned by the United States government.

Tether is reportedly not blacklisting Tornado Cash addresses. Following US sanctions, several crypto entities have taken to proscribing addresses associated with crypto mixer Tornado Cash.

The issuer of Tether (USDT) has defied the recent sanction placed by the U.S. Treasury on Tornado Cash.

Giant stablecoin issuer Tether revealed that the company will not freeze addresses linked to sanctioned Tornado Cash until Tether receives instructions from United States law enforcement.

Tether (USDT) reiterated its commitment to work with authorities worldwide to expedite investigations of crypto transactions. While the U.S. dollar stablecoin issuer also expressed its willingness to comply with instructions and requests from enforcement agencies, the company is standing by its decision not to freeze cryptocurrency trail-mixer Tornado Cash smart contract addresses sanctioned by the U.S. Office of Foreign Assets Control (OFAC) in its Specially Designated Nationals and Blocked Persons (SDN) list.

Coinspeaker Tether Continues to Support Tornado Cash Addresses Despite US Sanctions

Stablecoin issuer Tether said it would not freeze secondary market addresses like those of Tornado Cash without clear instructions. The Tether management described USDC's decision to freeze the addresses without instructions from the US authorities as premature.