DOJ investigating cryptocurrency Tether for bank fraud: Report

CNBC Television published this video item, entitled “DOJ investigating cryptocurrency Tether for bank fraud: Report” – below is their description.

CNBC’s Kate Rooney covers bitcoin’s moves on news that Amazon is hiring for a crypto-related role and other big headlines in the space.

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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Major exchanges and platforms enable the purchase, trading and swapping of cryptocurrencies. To get started with crypto, register with an exchange or platform such as:

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In This Story: Kate Rooney

Kate Rooney is a technology reporter based out of CNBC’s San Francisco bureau, with a focus on financial technology, payments and venture capital.

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In This Story: Tether

Tether is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Market capitalisation: $73.02 billion

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