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Craig Wright And Tether Indirectly Face-off For McCormack Lawsuit

Tether, the issuer of $4.1 billion cryptocurrency USDT, has announced it would be standing behind podcaster Peter McCormack in a lawsuit brought forward by Wright. Tether’s general counsel, Stuart Hoegner, took to Twitter saying that Wright had several chances to prove he is Satoshi Nakamoto. Enough is enough, he said. Due to Wright not actually being able to prove his claims that he is Nakamoto, Hoegner said that Tether would be backing up McCormack in his legal case. The most controversial person in the bitcoin space right now, Craig Wright is now finding himself pushing arguments against one of the...

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Has Tether’s Flippening Already Occurred? 

Tether announce USDT is going to other blockchains Tether Flippening has already happened? Blockstream announce support of liquid USDT Earlier in 2019, the Tether stablecoin announced that it would be diversifying the presence of its token, USDT. After basing the US dollar-fueled cryptocurrency on Omni, a Bitcoin-based system, for many years now, Tether has come out to say that it would be bringing USDT to other blockchains.  This comes at a time when TRON and other blockchains have all seen their own versions of the asset, with Ethereum’s ERC-20 copy being the most popular by far. In fact, it got...

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Tether Have Been Slapped with Yet ANOTHER Lawsuit 

It’s safe to say that Tether had had one hell of a year. It’s been lawsuit after lawsuit and it doesn’t seem t be getting any better as earlier this week, the leading stablecoin was slapped with another sepena for lawsuit, just adding to the woes of the companies experience in 2019. This time around, Tether has been accused of deliberately manipulating the market for its own benefit and while it adds that “calculating damages at this stage is premature” it estimates around $1.4 trillion in damages. Even so, the firm doesn't seem fazed by such a lawsuit and must...

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Would Tether’s Death See Bitcoin Crash Too?

An interesting concept was brought up by Akash Girimath for AMB Crypto in that what would happen to Bitcoin if Tether went away? One of the most important stablecoins in the space is definitely Tether. In fact, it’s probably the most important stablecoin as it has a market share of over $4 billion. After its launch in 2014, this new yet nascent technology did it, especially well considering how it has grown over the five years. As written by Girimath: “Recently, Bitinex posted a new blog, one written in anticipation of a lawsuit that was based on “bogus study.” A...

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Why Buy USDT?

Cryptocurrencies like USDT, or Tether, exist in order to make our cryptocurrency investments easier to manage, easier to handle and overall safer. You might look as USDT and wonder what the point in investing is, when it’s value always seems to follow the trend of the US Dollar. There’s a good reason for this - that’s exactly what it’s designed to do.  USDT is a stablecoin, this is a type of cryptocurrency designed on the blockchain, but not as an investment token, instead, it’s a token designed to facilitate the safe investment of other tokens. This is because many cryptocurrencies...

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