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Barely a week passes when Tether isn’t in the news. For a so-called stable coin, Tether and its acolyte Bitfinex are at the center of a lot of instability within the cryptoverse. After it emerged over the weekend that Tether had kissed goodbye to its auditor, critics of the opaque company began to wonder whether … Read more
The Tether Report, a pseudonymously authored analysis examining the speculative assertion that bitcoin price volatility is highly correlated to the issuance of new USDT, has claimed that approximately 48.8% of bullish price movements have occurred within the two-hours immediately following ninety-one individual Tether grants. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion … Read more
For the first time in forever, this week in bitcoin was strangely subdued. No major price movements, no regulatory crackdowns and no Tether collapse. Iota got into a bit of a pickle and then blamed everyone else, as Iota is apt to do, but that’s all. Everything was uneventfully ticking over, right up until Friday, … Read more
Trading is arrogant, be it on Wall Street or across crypto exchanges. In order to trade rather than hodl, you must fundamentally believe you’re smarter, more disciplined or better informed than the other half of the market. Time will tell. But as long as you’re trading, we’ve established that you’re at least more arrogant than … Read more
Recently launched cryptocurrency service platform, Cobinhood, has announced that it has suffered a termination of services from its banking partners. In order to continue operating, the exchange announced on its homepage that it will replace USD trading pairs with USDT pairs during the coming week. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 … Read more
It’s no longer just anonymous internet trolls calling out Tether on twitter. One of the most influential economists in the world today, Nouriel Roubini, has just entered the debate, coming down hard against the controversial company. Also Read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws” Dr. Doom vs Tether Renowned economics … Read more
Zhao Dong, a prominent Chinese early bitcoin adopter and shareholder in Bitfinex, recently posted on Weibo seeking to provide anecdotal evidence as to the integrity of Bitfinex and Tether’s financial reserves. The post claims that Zhao Dong and Lao Mao, the chief executive of Big.one, have witnessed first hand the balances of Bitfinex and Tether’s … Read more
If there is one particular token in the cryptocurrency world which sparks the most debate, it has to be Tether’s USDT. Although this is supposed to be a digital representation of the US dollar, there have been numerous concerns over its rapidly increasing supply and the financial assets required to back it. As of right now, the … Read more
Bitcoin has had a rocky week to say the least. At its lowest point, the cryptocurrency dipped to $9,200 before a rising green candle sent it scurrying back into the safety of five figures. That candle was sparked by the release of $100m worth of tethers – surrogate US dollars – and was followed by … Read more
Cryptocurrency prices are sliding downwards since our last markets update, as the top ten digital assets are all seeing a loss of gains on January 8. BTC/USD markets reached a high of $17,200 on Saturday evening on January 6, but the value has dropped since then to a low of $13,900 per BTC. The price … Read more
