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Tag Archives: Tether

Four Fake Cryptocurrency Wallets Found on Google Play Store

Malware researcher Lukas Stefanko has found four fake cryptocurrency wallets on the Google (NASDAQ:GOOGL) Play Store that were trying to steal users’ personal data, according to a blog post published Nov. 13. The apps were posing as cryptocurrency wallets for NEO, Tether and an extension for accessing Ethereum (ETH), MetaMask. …

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Alprockz Partners with Geneva Swiss Bank to Create New Form of Money

Stablecoins became the latest trending and hottest topic in today’s cryptocurrency ecosystem. They are perceived as the answer to key issues faced by cryptocurrencies, i.e their rampant volatility and high risk which inhibits them from realising their primary use case: a medium of exchange and store of value. Stablecoins serve …

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Crypto 2.0 May Be Digital Cash You Can Actually Use to Buy Stuff

(Bloomberg) — The London clubhouse built for activists who helped redesign Britain’s electoral system nearly two centuries ago offered a fitting setting for the crowd of technology entrepreneurs hoping to reinvent money. Those gathered in the Reform Club near Buckingham Palace late last month were just a small part of …

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Deltec Bank Shares Cryptic Message of Tether’s Reserves

The Tether company has forged a bank relationship with Deltec Bank, supposedly using it to store the dollars that back each USDT token. However, the bank’s statement on the presence of funds sounds vague. Additionally, the USDT on-site wallet is still in withdrawal mode only, meaning there is no way …

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Tether Announces New Banking Partnership with Deltec

Tether Limited, the company behind the popular US dollar-pegged stablecoin Tether (USDT), has established a new banking relationship with Bahama-based Deltec Bank & Trust. According to an official statement released on Thursday, Deltec accepted Tether as a client after a detailed review of the company, including compliance processes, policies and …

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Tether Produces Letter Vouching for Dollar Deposits, But Bank Hedges

Stablecoin issuer Tether Limited confirmed Thursday it was banking with Bahamas-based Deltec Bank and Trust Limited and published a letter purportedly from the institution as evidence of its reserves. The company, which issues the controversial tether (USDT) stablecoin, has long been under fire over concerns that it does not have …

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Over 1.3B Tether (USDT) Leave Market in October Alone

The total withdrawals of Tether (USDT) from the market in October exceeded 1.3 billion units, significantly cutting into the supply of the stablecoin. In the past month, the Tether treasury performed operations to empty out the Bitfinex wallet, the latest dated October 31 and involving 50 million USDT. But the …

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Bitfinex Gets Another Tether (USDT) Clean-Out

The Tether treasury continues to offload Tether (USDT) from Bitfinex, in effect clearing its balance book of liabilities. Another 100 million USDT left the market, boosting the Tether storage to more than 666 million USDT. After the latest move, the Bitfinex wallet was left with only around 3 million USDT. …

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Bitfinex Gets Another Tether (USDT) Clean-Out

The Tether treasury continues to offload Tether (USDT) from Bitfinex, in effect clearing its balance book of liabilities. Another 100 million USDT left the market, boosting the Tether storage to more than 666 million USDT. After the latest move, the Bitfinex wallet was left with only around 3 million USDT. …

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Smart Valor Working on First Stablecoin Backed by Swiss Franc

Swiss-based blockchain startup Smart Valor, which operates a marketplace for security tokens and tokenized alternative assets, announced on Monday it had initiated a project that would make it the first digital asset platform supporting a stablecoin backed by the Swiss franc (CHF). Smart Valor is providing its blockchain infrastructure to …

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