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Day: March 6, 2023

Tether strikes at WSJ over stale allegations of faked documents for bank accounts

Tether strikes at WSJ over stale allegations of faked documents for bank accounts

The Wall Street Journal said that Tether has connections to organizations that falsified documents and utilized dummy firms to acquire bank accounts. Tether has refuted this claim. Tether referred to the charges in the article as “stale allegations from a long time ago” and said they were “wholly incorrect and deceptive,” noting that it was a “proud” partner with law enforcement and worked with authorities both domestically and overseas. Tether and Binfinex were contacted by Cointelegraph for comment, but neither party responded. According to a report in the Wall Street Journal, Tether and Bitfinex made an effort to go around the banking system by submitting fictitious sales invoices and contracts for each deposit and withdrawal. Additionally, they had ties to a company that is suspected of using money laundering techniques for terrorist organizations and employed a variety of methods to get through regulations.Over the past few months, Tether has been the target of numerous accusations of misconduct. Most recently, the company was forced to play down a separate WSJ piece that claimed four men owned 86% of the company. Additionally, it had to address “FUD” resulting from a WSJ investigation published in December about its secured loans and made a commitment to avoid lending money from its reserves. News Sorce

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

Throughout the previous 30 days, the average Bitcoin hashrate has been 305 exahashes per second (EH/s), and the upcoming difficulty change is anticipated to grow by more than 3%. There are still more over 60,000 blocks to be mined before the subsequent halving, and Foundry USA has found 1,514 of them. As hashrate rises amid market uncertainty, bitcoin miners prepare for another anticipated difficulty increase. At 17.88% of the world’s monthly hashrate, Antpool is the second-largest mining pool. Although the Ordinal inscription trend is increasing the fees that miners receive, some mining operations may choose not to participate due to the higher cost of production and the persistent difficulty increase. News Sorce