Tether said the hedge funds that shorted its stablecoin after Terra's collapse have “a fundamental misunderstanding of both the cryptocurrency market and Tether.” Tether, the issuer of Tether (USDT), ...

Sam Bankman-Fried, CEO of FTX, testifies during a House Agriculture Committee hearing on Thursday, May 12, 2022. While the CEO’s estimated wealth dropped nearly $24 billion, others are looking to get ...

With the U.S. Securities and Exchange Commission (SEC) seemingly committed to burning the earth and salting the fields of the cryptocurrency industry, the stablecoin tether (USDT) could face serious ...

Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price. Tether chief ...

WSJ’s Dion Rabouin explains why Wall Street is now betting big on crypto and what that means for the new asset class and its future. Photo composite: Elizabeth Smelov Short sellers have been ramping ...

Short sellers are betting against a cryptocurrency whose price shouldn’t move. A few investment firms, including Fir Tree Partners and Viceroy Research LLC, have placed substantial bets in recent ...

Tether sank to as low as 95 cents on some crypto exchanges Thursday morning. It's meant to be pegged 1-to-1 to the U.S. dollar. Tether's decline came after terraUSD, a different stablecoin, plummeted ...