'Without this bitcoin price would collapse': Fears grow over tether 'printing press' as auditors part ways

In effect, Bitfinex has been accused of creating tether out of thin air, without corresponding US dollar deposits, in order to pump up the price of bitcoin. While Bitfinex insists all new “USDT” are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin. Last week ...