24 Wednesday February 2021
  • About
  • Advertise
  • Submit Press Release
  • Contact Us
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Newsletter
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
24 Wednesday February 2021
Newsletter
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
Bitcoin 24h
$48,821.98
+1.27%
Bitcoin 24h

$48,821.98
+619.84
+1.27%
Ethereum 24h
$1,590.63
+2.71%
Ethereum 24h

$1,590.63
+43.07
+2.71%
XRP 24h
$0.46
-2.32%
XRP 24h

$0.46
-0.01
-2.32%
Bitcoin Cash 24h
$517.73
+2.97%
Bitcoin Cash 24h

$517.73
+15.38
+2.97%
Chainlink 24h
$27.38
+8.52%
Chainlink 24h

$27.38
+2.33
+8.52%
Stellar 24h
$0.40
+6.35%
Stellar 24h

$0.40
+0.03
+6.35%
Cardano 24h
$1.02
+8.67%
Cardano 24h

$1.02
+0.09
+8.67%
Bitcoin SV 24h
$192.42
+4.29%
Bitcoin SV 24h

$192.42
+8.26
+4.29%
Litecoin 24h
$176.86
+1.64%
Litecoin 24h

$176.86
+2.90
+1.64%
Tezos 24h
$3.46
+0.24%
Tezos 24h

$3.46
+0.01
+0.24%
EOS 24h
$3.82
+1.98%
EOS 24h

$3.82
+0.08
+1.98%
Monero 24h
$202.93
-3.51%
Monero 24h

$202.93
-7.12
-3.51%
Neo 24h
$39.50
+4.85%
Neo 24h

$39.50
+1.92
+4.85%
TRON 24h
$0.05
+6.35%
TRON 24h

$0.05
+0.00
+6.35%
IOTA 24h
$1.16
+8.41%
IOTA 24h

$1.16
+0.10
+8.41%
Dash 24h
$230.18
+3.03%
Dash 24h

$230.18
+6.98
+3.03%
Ethereum Classic 24h
$11.62
+6.35%
Ethereum Classic 24h

$11.62
+0.74
+6.35%
Zcash 24h
$129.09
+5.24%
Zcash 24h

$129.09
+6.77
+5.24%
NEM 24h
$0.52
-0.32%
NEM 24h

$0.52
-0.00
-0.32%
Dogecoin 24h
$0.06
+20.40%
Dogecoin 24h

$0.06
+0.01
+20.40%
Binance USD 24h
$1.00
+0.04%
Binance USD 24h

$1.00
+0.00
+0.04%
Crypto.com Coin 24h
$0.16
+1.02%
Crypto.com Coin 24h

$0.16
+0.00
+1.02%
Cosmos 24h
$19.16
-4.91%
Cosmos 24h

$19.16
-0.94
-4.91%
Huobi Token 24h
$19.00
+5.78%
Huobi Token 24h

$19.00
+1.10
+5.78%
Maker 24h
$2,190.37
+2.52%
Maker 24h

$2,190.37
+55.28
+2.52%
Ontology 24h
$0.97
+1.74%
Ontology 24h

$0.97
+0.02
+1.74%
Tether 24h
$1.00
+0.05%
Tether 24h

$1.00
+0.00
+0.05%
UNUS SED LEO 24h
$1.91
-2.10%
UNUS SED LEO 24h

$1.91
-0.04
-2.10%
USD Coin 24h
$1.00
+0.02%
USD Coin 24h

$1.00
+0.00
+0.02%
VeChain 24h
$0.04
+3.59%
VeChain 24h

$0.04
+0.00
+3.59%
ADVERTISEMENT

Tether And Bitfinex Produced About 2 Million Documents To NYAG

Stefan by Stefan
20/01/2021
in Tether News
2 min read
0
tether's stabelcoin is minted, solana, usdt, blockchain,
153
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
ADVERTISEMENT
ADVERTISEMENT

Tether and Bitfinex produced about 2.5 million documents to the NYAG but claim that they need more time to produce more papers so let’s read more in today’s Tether news.

Tether and Bitfinex produced more than 2.5 million documentation pages as a response to the NYAG request. The parent company iFinex expects to finish turning in the documents to the Office of the New York Attorney General in the next 30 days. The two companies maintain that the USDT stablecoin is now fully backed by their reserves.

We just filed this letter in the special proceeding in New York on behalf of all parties. AMA @bitfinex @Tether_to pic.twitter.com/LosOEGVDS6

— Stuart Hoegner (@bitcoinlawyer) January 19, 2021

iFinex is the parent company of the Tether and Bitfinex who are the issuers of the eponymous stablecoin Tether coin which provided millions of documentation to the New York Attorney General in regards to the investigation with it getting into the alleged lack of disclosure over the missing $850 million which was seized by police from the banking partner. The company asked for the New York Stated Supreme Court for a “few more weeks to produce supplemental information.”

ADVERTISEMENT

In a letter that was submitted two days ago, iFinex says it is planning on contacting the court in the next 30 days to “provide a final status update or to schedule a conference to discuss any open items.”  According to the General Counsel of both companies, the discussions with the AG’s office are going well and are quite productive:

 “We look forward to continuing those. We have mediated our disputes, which I think is positive progress. Unfortunately I can’t share further details here.”

Sorry to break this to FUD spreaders. Tether and Bitfinex produced more than 2.5M documentation pages in response to requests from NYAG. Discussions are progressing well. Business as usual after the 15th of Jan. https://t.co/VoEsRuJyyP

— Paolo Ardoino (@paoloardoino) January 10, 2021

Earlier this month, Bitfinex and Tether CTO Paolo Ardoino said that the two companies have produced more than 2.5 million documentation pages in a response to the NYAG while in 2019, NYAG Letitia James filed an order to the NY State Supreme Court accusing Tether or Bitfinex of covering up the losses of about $850 million of corporate and client funds. The NYAG claimed that these companies handed the funds to Crypto Capital Corp which is a third-party payments processor service based in Panama to handle the requests of withdrawals. When Crypto Capital failed to fulfill the commitments as the respondents allegedly hid the losses.

The accusations made fresh speculations that Tether printed new tokens with any actual backing by US dollars something the critics of the coin are arguing for a few years before. Are reported in 2019, Tether was responsible for driving up the BTC price and many still fear that the value of the stablecoin will drop and will have a catastrophic impact on the biggest cryptocurrency as well.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: 2 million documentsbitfinexcourtifinexNYAGTethertether and bitfinex
Share61Tweet38SendShare15
ADVERTISEMENT
Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

Related Posts

tether battle ends
Tether News

Tether Battle Ends: A Settlement For $18.5 Million Has Been Reached

24/02/2021
tether battle ends, usdt, ifinex, bitfinex, lawsuit
Tether News

USDT-Settled Futures Contracts Are Growing In Demand: Report

15/02/2021
tether battle ends, usdt, ifinex, bitfinex, lawsuit
Tether News

Tether Topped $30 Billion In Market Capitalization: Report

10/02/2021
tether froze
Tether News

Tether Froze $1.7M In USDT That Were Stolen In The YFI Exploit

08/02/2021
bitfinex allegedly repaid
Tether News

BitFinex Allegedly Repaid The $750M Loan From Tether

06/02/2021
tether's stabelcoin is minted, solana, usdt, blockchain,
Tether News

Tether’s Stablecoin Is Minted On Solana For The First Time Ever

04/02/2021

Discussion about this post

ADVERTISEMENT

  • Trending
  • Comments
  • Latest

VeChain Price Could Hit $9 In The Near Future: Analysis

09/02/2020
will tron reach

Will Tron Reach $1 In The Long Run: TRX Coin Price Prediction

29/04/2020

Will Cardano Reach $1,000 By 2025: Expert Review

11/05/2018
digital euro project

Digital Euro Project Favors IOTA Network More Than ETH Or XRP

21/06/2020

What Is Altcoin?

0
what is ethereum|What Is Etherum?

What Is Etherum?

0
What Is Cryptocurrency?

What Is Cryptocurrency?

0
thanksgiving weekend, bitcoin, btc, price

What Is Bitcoin?

0
BTC Expects A Retest, bitcoin, powell, price, level

BTC Expects A Retest Of Record High Levels After Powell’s Testimony

24/02/2021
BTC Drops Alongside, tech, stocks, yields, bitcoin

BTC Drops Alongside Tech Stocks While Bond Yields Rise: Analysis

24/02/2021
People Of Nigeria Fight Back Against The Cryptocurrency Restrictions

People Of Nigeria Fight Back Against The Cryptocurrency Restrictions

24/02/2021
Bitcoin Could Struggle, btc, price, support, level

Bitcoin Could Struggle At $52K Despite The Recent Recovery

24/02/2021
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.

News By Topic

Quick Search

No Result
View All Result

DC Forecasts Services

  • About
  • Advertise
  • Submit Press Release
  • Press & Media
  • Events
  • Careers
  • Partners
  • Free Widgets
  • Contact Us

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • Vechain
      • DC Forecasts
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices