Tether and Bitfinex Sued for $1.4 Trillion

A law office from New York filed a lawsuit against a cryptocurrency exchange Bitfinex and Tether, claiming they manipulated the crypto market, causing harm to traders while reaping benefits for themselves.According to the lawsuit, Bitfinex and some of the associated entities participated in fraudulent, competition-distorting, and market-manipulation activities, causing financial damage to the plaintiffs.Additionally,...

CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins

October 08 - CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins A leaked tax filing shows that Claudio Oliveira, the Chief Executive of the embattled Brazilian cryptocurrency company Grupo Bitcoin Banco, owns as much as 25,000 Bitcoin. This amount is currently worth more than $209 million USD.A person familiar with Brazil’s tax authority,...