• Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Tuesday, January 31, 2023
All in One Crypto App
Advertisement
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
All in One Crypto App
Home Crypto News BNBBKRW

Breaking: Hindenburg Research launches $1 million Tether Bounty Program

1 year ago
in BNBBKRW, BNBBTC, BNBBUSD, BNBETH, BNBEUR, BNBIDRT, BNBNGN, BNBPAX, BNBRUB, BNBTRX, BNBTRY, BNBTUSD, BNBUSD, BNBUSDC, BNBUSDT, BNBUSDTPERP, BNBZAR, CoinGape, Crypto News, Hindenburg Research, News, Regulation News, Stablecoin News, Tether Bounty Program, USDDAI, USDEOSDT, USDGUSD, USDIDRT, USDPAX, USDTDAI, USDTEUR, USDTPAX, USDTTUSD, USDTUSD, USDTUSDC, USDUSDC
Reading Time: 2 mins read
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

TetherTether

Hindenburg Research, a forensic financial research firm announced the launch of the Hindenburg Tether Bounty Program to unveil the Tether reserves scandal. The Program holds rewards up to $1 million for information leading to previously undisclosed details about cryptocurrency “stablecoin” Tether’s backing.

According to Hindenburg Research’s press release, the company believes Tether could be a growing threat to investors. Furthermore, Hindenburg highlighted that transparency is a crucial part of the crypto markets, and the Bounty program will carve a path for exposing Tether.

Hindenburg Research founder, Nathan Anderson said, “We feel strongly that Tether should fully and thoroughly disclose its holdings to the public. In the absence of that disclosure, we are offering a $1,000,000 bounty to anyone who can provide us exclusive detail on Tether’s supposed reserves.”

Tether Reserves Fiasco

Earlier this year, Tether gained Regulatory oversight as the stablecoin’s growth surged. The Treasury Department and other federal agencies questioned the $69 billion Tether market, concerning the Mismanagement and opaque circulation of its funds, noting that the decentralized market’s disruption may result in an investor fire sales havoc and further threaten the financial system.

The latest development in the Tether fiasco saw the Commodity Futures Trading Commission (CFTC) impose a fine of $41 million on Tether for failure to disclose that its tokens were not fully backed by fiat. Additionally, Tether-affiliated crypto exchange, Bitfinex has also been fined $1.5 million for allowing retail transactions by American investors.

Regulatory Crackdown on Stablecoins

Last month, the stablecoins market already saw the US regulators initiate a crackdown with the CBDC report by the Treasury, the Fed, and other financial regulators draw focus towards imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. Furthermore, the SEC chief, Gary Gensler has already taken an anti-stablecoins stance, asserting that stablecoins “may well be securities,” to facilitate broader regulatory oversight.

Gensler said he feared that: “[the SEC will] keep bringing these enforcement cases but there’s gonna be a problem, on lending platforms, on trading platforms, and, frankly, when that happens…a lot of people are going to get hurt.”

The post Breaking: Hindenburg Research launches $1 million Tether Bounty Program appeared first on Coingape.

Source: Coingape

  • Website
  • Mobile app
  • Telegram Channel
  • Telegram Group
  • Twitter
  • Facebook
  • YouTube
  • Instagram
  • Binance Referral Link
  • Bitmex Referral Link
  • (Recommended For Leverage) ByBit Referral Link
  • Buy Ledger Nano at discounted price
  • Buy Cool Wallets at discounted price

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks

Share2Tweet1ShareSendShare
Bybit
Binance

Follow Us

Application Menu

  • Register / Login
  • App DashboardSignals
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
  • Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Contact Us: Telegram

© 2022 All In One Crypto App   DMCA.com Protection Status

No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • Features
  • Education
    • How to
    • Trading Tips

© 2022 All In One Crypto App   DMCA.com Protection Status