Canceled Audit and Issuance of 300 Mln New Tokens: What’s Going on With Tether?
Tether still mum on canceled audit, but continue to issue USDT tokens. #ANALYSIS Go to Source Powered by WPeMatico
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Tether still mum on canceled audit, but continue to issue USDT tokens. #ANALYSIS Go to Source Powered by WPeMatico
Cryptocurrency markets are bouncing around in value over the course of the weekend as the entire crypto-market capitalization currently rests at $329 billion USD. BTC/USD markets briefly jumped above the $9K region on Sunday, March 25 but dropped an hour later to a low of $8,398. Most of the digital currencies within the crypto-economy have … Read more
After over a month of absence Tether has returned to the USDT printing business, issuing $300 million worth in just one massive batch. The proximity of the move to the recent reversal of the downtrend in the market has lead to renewed calls by critics that Tether is manipulating prices. Also Read: Survey Says … Read more
After issuing a total of 146 mln new euro and USD-backed tokens in February, Tether released $300 mln of Tether today. #NEWS Go to Source Powered by WPeMatico
One of the biggest mysteries in the cryptocurrency world at the moment is the location of the vast USD reserves meant to be backing Tether. The stablecoin is used by many exchanges as a proxy for fiat in trading pairs which makes its solvency a critical issue at the heart of the entire ecosystem. Now, … Read more
Cryptocurrency markets are still following a bearish pattern, leaving many digital asset traders uncertain. BTC/USD values have plummeted to levels not seen since the first week of February as the price per coin had touched a low of $7,325 on March 18. Moreover, the whole digital asset economy is suffering from losses as the entire … Read more
Cryptocurrency is notorious for its volatility, but what if there were a way to remove this constant problem? While a cryptocurrency like Bitcoin is fungible, portable, durable, tradable, and valuable, it lacks a stable value. Mom and pop stores and large firms alike have been wary of accepting Bitcoin payments because price fluctuations aren’t a gamble they … Read more
As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future … Read more
Major Dutch financial services company, ING, has confirmed that Bitfinex holds an account with the company in the Netherlands. The bank issued a statement regarding its relationship with Bitfinex after Dutch-language website Follow the Money published a report revealing that ING is providing financial services to Bitfinex last week. Also Read: Independent Ratings Agency Alerts Investors … Read more
Tether is quite an interesting company with a rather dubious reputation among cryptocurrency users. BitMEX, one of the more popular exchanges, sees no issues with this company or its tokens. It is good to hear such an outspoken opinion being expressed, even though it remains to be seen if BitMEX isn’t backing the wrong horse in this … Read more