• tether launches on Solana
    Regulation,  Tether

    Tether launches on proof-of-stake blockchain Solana

    The world’s top stablecoin can now handle up to 50,000 transactions per second with a fee of about $0.00001 per transaction

    “Tether and USDt are critical pieces of infrastructure for any successful blockchain project and have been one of the most important elements for cross-platform settlement. This strategic initiative is a significant step for Solana and will be instrumental in advancing the network," said Solana head of marketing Austin Virts.

  • Bitfinex launches crypto payments platform
    Bitcoin,  Ethereum,  Technology,  Tether

    Aiming at PayPal, Bitfinex launches crypto payments platform

    Saying that it intends to take on payments “behemoths” the new Bitfinex Pay app lets merchants accept payments in four cryptocurrencies

    No one ever accused Bitfinex of having small ambitions. Just days after it settled a years-long fraud lawsuit with New York’s attorney general over a loan it got from sister company and stablecoin issuer Tether, Bitfinex has launched a crypto-powered online-payments platform to take on payments giants like PayPal.

  • Alt coins,  Bitcoin,  Ethereum,  Markets Report

    Markets Report: Bitcoin recovers from $45,000 lows as Tether legal debacle ends

    An amicable agreement between lawmakers, Tether and Bitfinex pleases markets, with Bitcoin heading toward $50,000

    News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.

  • Bitfinex repays tether
    Bitcoin,  Regulation

    Bitfinex repays $750M Tether loan, but lawsuits remain

    The cryptocurrency exchange paid off the remaining $550 million it borrowed from its sister company after being robbed—a loan that led to fraud and market manipulation lawsuits

    Tether’s undisclosed loan led New York State Attorney General Letitia James to sue the companies and their parent iFinex for fraud, conflict of interest, and violation of New York’s securities laws in civil court for failing to make clear that Tether’s USDt stablecoin was no longer backed one-to-one by U.S. dollars.