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Tether Responds to Bloomberg Report, Saying It’s 'Repackaging Stale Claims as News'

Responding to a Bloomberg report published Monday suggesting U.S. federal prosecutors are investigating Tether for a possible bank fraud offense conducted years ago, the stablecoin USDT issuer released a statement seemingly implying the report was wrong. CoinDesk's Adam B. Levine unpacks the story and its implications to bitcoin amid rising national concerns over stablecoin risks.

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Report: Tether Executives Facing Criminal Bank Fraud Charges

Bloomberg reports executives from Tether are reportedly facing a criminal probe into bank fraud, with the U.S. Department of Justice investigating the USDT issuer for a possible offense conducted years ago. “The Hash” panel discusses the ongoing controversy around Tether and why this developing story is one to watch.

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Tether Executives Nahaharap sa Criminal Bank Fraud Charges: Ulat

Ang Kagawaran ng Hustisya ng Estados Unidos ay nag-iimbestiga Tether para sa isang posibleng pagkakasala na isinagawa taon na ang nakakaraan, iniulat ng Bloomberg noong Lunes.

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Merkado

Market Wrap: Inaasahan ng Mga Analyst ng Bitcoin ang isang Short-Squeeze

Inaasahang sasakupin ng mga nagbebenta ng Bitcoin ang mga posisyon, na maaaring humantong sa mas mataas na presyo sa susunod na linggo.

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Money Reimagined: I-regulate ang mga Stablecoin, T Pigilan ang mga Ito

Ang pagmamadali ay hindi nakakatulong sa uri ng nuanced regulatory approach na kailangan para sa mabilis na lumalagong klase ng cryptos. Hindi rin ang pananakot tungkol sa "mga bank run."

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Market Wrap: Bitcoin Hold Higit sa $30K habang Bumubuti ang Sentiment

Ang Bitcoin ay nananatili kasunod ng isang malakas na bounce mula sa $30,000 na suporta.

Bitcoin 24-hour price chart, CoinDesk 20

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Paxos General Counsel on Stablecoin Backings, Risks and Regulations

Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstein discusses the key takeaways, noting differences between Paxos’ products and other stablecoins like USDC and USDT.

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Merkado

Gustong Malaman ng US Credit Union Regulator Kung Paano Pinangangasiwaan ng Mga Firm Nito ang DeFi

Ang NCUA ay humihiling sa mga credit union na timbangin kung paano sila nakikipag-ugnayan sa DeFi at DLT.

The National Credit Union Administration, a federal regulator, wants to know more about how its regulated institutions are looking at DeFi and DLT.