January 01, 2020
In 2019, the U.S. Securities and Exchange commission brought a pair of closely watched actions against Kik Interactive Inc. and Telegram Group Inc. for unregistered offerings of digital tokens, setting the stage for an intriguing 2020. Two other big names in fintech, Bitfinex and Tether, faced questions about potential market manipulation.
November 15, 2019
Tether and Bitfinex responded Friday to a blockbuster proposed class complaint in New York federal court seeking more than $1.4 trillion in damages for alleged manipulation of the Bitcoin market, calling the allegations "simply preposterous."
October 07, 2019
A group of longtime cryptocurrency investors say Bitfinex and Tether coordinated to manipulate the price of Bitcoin, potentially costing the market $466 billion, according to a proposed class action filed Sunday in New York federal court.