Criptos News

Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment […]…

Just because Tether and Bitfinex settled with the New York Attorney General doesn’t mean they are out of the woods, say legal experts….

Continue reading on https://decrypt.co/59363/new-york-is-done-with-tether-will-other-states-follow

Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding […]…

Cryptocurrency pundits explain how the Tether decision provides clarity to the Bitcoin industry….

Continue reading on https://decrypt.co/58753/tether-ruling-a-positive-step-for-bitcoin-industry-say-experts

A TL;DR for the resolution of one of crypto’s highest-profile cases….

Continue reading on https://decrypt.co/58793/tether-bitfinex-settlement-takeaways

Source: iStock/standret, Cryptonews.com Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office (AOG). However, both companies are banned from offering trading services in New York, while Tether is obliged to disclose how tethers are backed in more…

Source: iStock/standret, Cryptonews.com Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office. "After 2.5 years and 2.5m pages of info shared, we admit to no wrongdoing and will pay USD 18.5m to resolve this matter," the exchange said…

The NYAG is requiring that Bitfinex and Tether stop operating in New York, according to a statement….

Continue reading on https://decrypt.co/58719/bitfinex-tether-must-stop-trading-in-new-york-and-pay-18-5-million-fine

This week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins remains positive at 6.25 out of 10, but it is slightly lower compared to the previous week’s 6.43, according to crypto market sentiment analysis site Omenics data. The top cryptocurrency - bitcoin (BTC), remains the only coin with a very positive market sentiment score of…

Bitcoin price started a short-term downside correction from the USD 52,750 all-time high. BTC declined below USD 52,000 and USD 51,500. However, the bulls were active and the price is currently (05:00 UTC) trading well above the USD 50,500 support zone. Besides, there were mostly positive moves in most major altcoins. ETH/USD climbed above USD 1,925 and traded to a new all-time high at USD 1,950…