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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 Me..

Tether Live on Liquid Network as Judge Postpones Verdict on NYAG — Bitfinex Case

Blockstream has announced the launch of Tether (USDT) support on the Liquid Network. This news comes amid a flurry of features being added to the company’s flagship project. Meanwhile, the New York Supreme Court has postponed hearing on the case between the state’s Attorney General’s office (NYAG) ..

Judge Postpones Decision on NYAG Case Against Bitfinex and Tether

New York Supreme Court Judge Joel M. Cohen has postponed issuing a decision on whether the Office of the New York Attorney General’s case against Bitfinex and Tether will stand. Judge Cohen Requests More Time As previously reported by Bitcoinist, Bitfinex and the New York Attorney General’s office..

D-Day in Bitfinex Trial — Will Bitcoin Price React?

Monday’s judgment in the legal tussle between the New York Attorney General (NYAG) and Bitfinex might have some short-term effect on the Bitcoin price. All Eyes on Monday’s Trial Outcome As previously reported by Bitcoinist, the Supreme Court of the State of New York will resume hearing on the case..

Weekly Digest: Bitcoin Price Inaction, India Ban, and Sanction Busting

The United Kingdom gained a new Prime Minister this week, voted for by Conservative party members. But will Boris be bad for Bitcoin? Or perhaps cause prices to rise? Maybe Boris isn’t the answer to all our questions and we should be looking elsewhere… like the rest of the weeks news, for instance. ..

Bitfinex: NY Attorney General Misled the Court in Recent Filings

iFinex and The Office of New York’s Attorney General are locked in what could be tagged as a high-profile legal dispute, and no party seems to be backing down. On Monday, lawyers representing Tether and Bitfinex (both housed under iFinex and directly involved in the case) submitted several filings ..

Bitfinex Challenges NYAG Claims of Servicing US Customers

Bitcoin exchange platform Bitfinex has issued a court filing refuting claims by the New York Attorney General (NYAG) of servicing US customers in 2018. Bitfinex Says Alleged US Customers are Foreign Entities Earlier in July, the NYAG submitted evidence alleging that Bitfinex provided services to cu..

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