Finance News
By Dan Saada
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Tether (USDT) and iFinex Law Suit
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Whale Alert expressed that 25,000,000 #USDT (25,172,567 USD) was minted at Tether Treasury.
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In response, Paolo Ardoino tweeted: “25M $USDt swapped to $EOS” Further Tweeting: “Here we go $EOS community.”
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Some of them felt that it was too little and others were like “In Paolo we trust.”
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Tether very recently tweeted about how amid these uncertain and challenging times, the utility, security and viability of digital currencies have come to the forefront.
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Also expressed, Stablecoin, Tether is a prime example of how global markets can operate more efficiently by leveraging blockchain technology, and represents a payments rail…
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Sydney Ifergan, the crypto expert tweeted: “Tether (USDT) have been forever good when it comes to coordinating a third party to perform chain swaps.
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Good to recollect, they recently went live on the OMG Network. Tether are continuing to do a great job of bridging the gap between crypto and the fiat.
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Looking in to the Law Suit, Tether and its affiliate exchange group iFinex have submitted requiring the market manipulation suit to be dismissed.
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They filed this motion on Thursday in response to a class action suit which calls accuses them of being deceptive, anti-competitive and market-manipulative behavior.
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The Tether representative lawyers in a supporting memorandum argued by stating that the case falls down partly because of the accusation that Tether printed its USDT stablecoins…
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The lack of collateralized reserves is a point of concern in most of the cases filed so far.
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