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Will the allegations against Tether and Bitfinex impact USDT's credibility?

Another lawsuit has been filed against the Tether stablecoin issuer and the Bitfinex crypto exchange.

SOL crypto is back in the spotlight with a significant partnership that's capturing investor attention. In a recent X post, Solana co-founder Anatoly Yakovenko recently praised Jambo's expansion onto the blockchain, backed by Tether.

TRON USDT marked a milestone by $60 billion issuance. Tether and Bitfinex face new lawsuit over market manipulation allegations.

On Tuesday, the cryptocurrency market witnessed a slight downtick following a robust recovery over the weekend. The Bitcoin price plunged over 3% to hit $62700 after the defunct Mt.

The complaint argued that Tether and Bitfinex took part in a manipulating scheme to artificially increase cryptocurrency prices, including Bitcoin.

Tether, the issuer of the largest dollar stablecoin, minted another $1 billion USDT on Tron (TRX). These tokens are not yet circulating and, thus, not fully backed by the company's reserves.

In an amended class action complaint, the cryptocurrency exchange Bitfinex and the stablecoin issuer Tether have become parties to the dispute. Both companies are currently being accused of engaging in activities similar to market manipulation.

Tether's long-held dominance in the stable coin market is experiencing a significant decline, with its market share plummeting to 74% in 2024. This shift coincides with a surge in popularity for USDC (USD Coin), reflecting evolving investor preferences and heightened regulatory scrutiny in the digital asset landscape.

Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether's Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit.

The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices.

Stablecoin issuer Tether and cryptocurrency exchange Bitfinex have been caught up in an amended class action lawsuit. Both firms are currently facing allegations bordering on market manipulation.

At Tether, they remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives Tether to continuously “assess their transport layers, ensuring a balance between maintainability and usage while prioritizing community interest.

Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.

On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States.

Stablecoin issuer Tether has frozen the USDT held by a Tron (TRX) network address linked to an online bazaar reportedly used by scam operators in Southeast Asia. Blockchain data analysis firm Bitrace says it has confirmed that the wallet holding over 29.

Tether names its Head of Economics to “communicate” USDT use cases to regulators and stakeholders.

Tether has appointed Philip Gradwell as head of economics to improve transparency on USDT usage to regulators.

On-chain sleuth ZachXBT found nearly $30 million in stolen crypto being laundered via a Cambodian marketplace.

Tether has frozen $28 million worth of USDT tokens connected to the Huione Group business in Cambodia. This is a big deal in the world of cryptocurrencies.

Major stablecoin issuer Tether has frozen a combined $140 million USDT across three addresses, as reported by blockchain tracker Whale Alert today. The specific details behind the freeze are yet to be revealed by Tether.

Tether, the company behind the world's largest stablecoin USDT, has made a key addition to its executive team. The appointment of Philip Gradwell as Head of Economics marks a strategic step for Tether as it seeks to bolster its regulatory strategy and enhance transparency in its operations.

Stablecoin issuer Tether has hired the former Chainalysis chief economist to help regulators understand how stablecoins are used in the real economy.

Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders.