Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    bitcoin bank transition art

    El Salvador Allows Banks to Become Bitcoin-Only Institutions

    el salvador bitcoin cityscape

    El Salvador Enables Bitcoin Banks for Accredited Investors

    el salvador investor fintech art

    El Salvador Legalizes Bitcoin-Exclusive Investment Banks

    el salvador crypto revolution

    El Salvador Allows Banks to Operate as Bitcoin Entities

    bitcoin surge financial district

    Elon Musk Sparks Bitcoin Surge with Social Media Commentary

    elon musk bitcoin oil painting

    Elon Musk’s BTC Comment Sparks Crypto Surge

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    tech finance future artwork

    Exodus Partners with Superstate for Stock Tokenization on Solana

    modern fintech cityscape art

    Exodus and Superstate Partner to Tokenize Stock on Solana

    futuristic blockchain cityscape

    Exodus Partners with Superstate to Tokenize Stock on Solana

    chainlink rise oil painting scene

    Chainlink Analysts Eye $95 Target Amid Bullish Signs

    futuristic cityscape oil art

    Chainlink’s Bullish Run Sparks Analyst Projections

    victorious ripple oil painting

    Ripple vs SEC Lawsuit Ends with Ripple Paying $125M

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Tether Accused of Issuing Almost $400 Million in Uncollateralized UDST: Market Manipulation?

Joshua T. by Joshua T.
April 14, 2019
in Finance & Blockchain, Latest News
USDT

Source: tether.to

According to a recent report, Tether, which is currently, the largest stablecoin by market capitalization has issued over $300 million worth of USDT in the past week. This has reignited the claims that the stablecoin never actually stopped its market manipulation practices and that its stablecoin is still not supported by dollar reserves.

Tether Increases Overall Supply Suspiciously

On the 8th of April, Tether started to increase the overall supply of USDT and this has since then increased by 417 million dollars. However, this decision has led to criticism from watchdog of both Tether and Bitfinex called Bitfinexed.

Bitfinexed wrote in a recent tweet that:

Tether is once again injecting the cryptocurrency markets with nearly $400M of fake money. They’ve recently admitted it’s not backed by dollars, but so-called ‘reserves’.
Last time they injected this much fake money, we found out about CFTC subpoenas and the market crashed.

Tether and Bitfinex

Tether alongside another top crypto exchange— Bitfinex has been embroiled in several of controversies relating to market manipulation practices and falsifying documents. The USDT stablecoin developed by Tether is worth billions of dollars when valued in the virtual currency markets, therefore, the loss of trust in the stablecoin could drastically affect the price of Bitcoin.

These claims have led to the Department of Justice (DOJ) of the United States being interested in the matter as the agency has started investigating the company. The investigation is based on the potential alteration of the price of Bitcoin through the use of USDT on Bitfinex. If the accusations turn out to be the truth, the price of Bitcoin and its trading volume could become excessively inflated.

To aggravate problems, Tether has disagreed for audits to be taken and has refused to make its banking details public. This refusal to disclose any detail by the company as well as some other observations has caused many people in the crypto community to start having doubts concerning the company’s claims that USDT is supported by US dollars one-to-one.

Tags: bitfinexBitfinexedTetherUSDT
Previous Post

Telegram’s TON Blockchain is Now in its Private Beta Stage

Next Post

YoBit Exchange Review | 2019 Guide

Joshua T.

Joshua T.

Related Posts

argentina crypto urban scene

Argentina Leads Latin America in Crypto Adoption

by Solomon M.
August 10, 2025

Argentina surpasses Brazil with 19.8% crypto ownership, leading Latin America.

argentina crypto leadership art

Argentina Leads Latin America in Cryptocurrency Adoption, Surpassing Brazil

by Solomon M.
August 10, 2025

Argentina surpasses Brazil in cryptocurrency ownership with 19.8% of Argentines owning digital assets, driven by economic instability and currency issues.

urban argentine crypto scene

Argentina Leads Latin America in Crypto Ownership

by Solomon M.
August 10, 2025

Argentina surpasses Brazil in crypto adoption with 19.8% ownership, driven by inflation and currency controls.

bo hines uncertain exit painting

Bo Hines Resigns from White House Crypto Council

by Solomon M.
August 10, 2025

Bo Hines exits White House role, impacting Trump's crypto policy direction.

bo hines exit patrick witt entry

Bo Hines Resigns as White House Crypto Adviser

by Solomon M.
August 10, 2025

Bo Hines exits role; deputy assumes position to shape US crypto policy.

bo hines reflective departure

Bo Hines Departs from White House Crypto Role

by Adriana M.
August 10, 2025

Bo Hines, White House Crypto Council head, leaves for private sector; Patrick Witt succeeds him.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.