Chinese Traders Use VPNs and Tether to Circumvent the Crypto Ban

Chinese Traders Use VPNs and Tether to Circumvent the Crypto Ban

The Chinese government has a somewhat bipolar approach towards digital assets. On the one hand, the regulators are urging the development and research into the underlying distributed ledger technology, with Chinese companies topping the charts for blockchain-related patent applications. On the other hand, authorities have cracked down on cryptocurrencies and ICOs, issuing a total ban … Continue reading Chinese Traders Use VPNs and Tether to Circumvent the Crypto Ban

Ethereum Co-Founder Joseph Lubin Doubts Accusations Against Tether

Ethereum Co-Founder Joseph Lubin Doubts Accusations Against Tether

The stablecoin Tether (USDT) that is pegged to US dollar on a 1:1 ratio, has long been in the centre of crypto world controversy. According to a study released in May, USDT was “explicitly responsible” for the last year’s bitcoin price surge, when it nearly reached the $20,000 landmark. The report claimed that a link … Continue reading Ethereum Co-Founder Joseph Lubin Doubts Accusations Against Tether

Chinese Firm Detects Tether Vulnerability

Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency

Slowmist, a private Chinese digital security company, has reported of detecting a double-spending vulnerability in the code of Tether (USDT). In a lengthy Twitter post, the security firm stated it was able to send USDT to an undisclosed crypto exchange by entering false field values in the transaction. This means that crypto punters, trading with … Continue reading Chinese Firm Detects Tether Vulnerability

Tether Releases $250 Million of USDT Tokens, Investors Await Crypto Price Jump

Tether Releases $250 Million of USDT Tokens, Investors Await Crypto Price Jump

Tether (USDT), a stablecoin that is reportedly backed to US Dollar on a 1:1 ratio, has just printed 250 million of USDT tokens. This would indicate that $250 million has been deposited into Tether’s bank accounts. Despite its widespread use and significant market cap, USDT is a subject of constant controversy as the crypto world … Continue reading Tether Releases $250 Million of USDT Tokens, Investors Await Crypto Price Jump