Crypto Rally Foiled by Report of DOJ Probe of Tether

Crypto Rally Foiled by Report of DOJ Probe of Tether

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Source: Coindesk.com

Cryptocurrency prices have reversed early gains and are broadly lower during U.S. afternoon hours on Friday following a Wall Street Journal report that the U.S. is probing stablecoin issuer Tether for violations of sanctions and anti-money laundering rules.

Stablecoins are a type of cryptocurrency whose value is pegged to another asset, typically the U.S. dollar. With a

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The post "Crypto Rally Foiled by Report of DOJ Probe of Tether" appeared first here Coindesk.com.

Source: Coindesk.com

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