Dollar-backed cryptocurrency hires law firm to verify its $2.5 billion cash reserves

Recent research showed that Bitcoin's all-time high price might have been increased artificially with the help of Tether, a cryptocoin that should never increase in value relative to the dollar. That's because a real dollar should be held up in a bank for each Tether coin in circulation at exchanges. At the time, we told you that the company behind Tether never proved that it has cash reserves to match all the Tethers out there, and this particular controversy precedes last week's research. Fast...