Bitmex has issued a detailed report on Tether, the centralized cryptocurrency said to be backed by US dollars. Though there has yet to be a conclusive audit of the company which backs the tokens, Bitmex thinks they probably are fully backed and that the company’s bank account may be located in Puerto Rico. The Tether company has the same owners as the Bitfinex exchange, and has come under fire due to its lack of transparency.
Exclusive Interview with StormGain’s Alex Althausen on Their Future Plans, Market Manipulations and Bitcoin Mass Adoption
100,000 Unique Bitcoin Wallets Have Been Moving BTC to Exchanges Daily This Year: Glassnode Data