Whales Control 80% of Global Tether Supply

Whales reportedly own about 80% of the total Tether (USDT) supply sparking fears of bitcoin (BTC) price manipulation. Tether Whale Supremacy According to a report by Coin Metrics, 318 addresses own 80% of the current total supply of the Tether stablecoin. Bloomberg quoting excerpts from the Coin Metrics study reported that these addresses own at […]

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Is Liquid Tether a Libra Alternative or a Headache?

Tether’s (USDT) launch on the Liquid Network makes Libra obsolete even before it goes live, according to Samson Mow, chief strategy officer (CSO) at Blockstream. Liquid USDT Might Overshadow Libra At the end of July, Tether announced that it was launching on the Liquid Network sidechain, which was developed by Blockstream. Prior to that, the […]

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NYAG Pushes Back on Bitfinex’s Claim That State’s Investigation Is Burdensome

Quit whining, Bitfinex. That’s the message of the latest court filing by the New York Attorney General’s office (NYAG) in its ongoing case against the cryptocurrency exchange and affiliated stablecoin issuer Tether. Earlier this week, Bitfinex and Tether’s lawyers complained to New York State Supreme Court Judge Joel M. Cohen that the companies had spent $500,000 […]

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