It seems the New York Attorney General is not the only person accusing sister companies Bitfinex and Tether of breaking the law. A paper accusing the companies of market manipulation designed to boost the price of Bitcoin will be published soon.
Binance tests lending to margin traders
The leading cryptocurrency exchange will connect users with capital to investors looking for leverage
The world’s largest exchange announced on August 26 that customers can earn annualized interest rates of up to 15% by making short-term loans to its margin traders for leveraged investments. Initially limited to one period of 42 hours beginning on August 28, the firm will open up Binance Lending opportunities on a first-come, first served basis. The 14-day fixed interest loans of ethereum classic (ETC), tether (USDt), and binance coin (BNB) are also fairly limited.
Analysis: Cryptocurrency experts tell Senate innovation requires regulation
In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation
A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.
NY Attorney General Letitia James: Bitfinex, Tether lied about cutting off New Yorkers
A filing in her fraud suit over Tether’s $625 million loan said Bitfinex did business in New York as recently as May
Cryptocurrency exchange Bitfinex did business with New York-based customers and vendors as recently as this May, according to a filing made in State Supreme Court by the office of New York Attorney General Letitia James.