Sizeable Portion of Tether’s $4.5B Growth Comes From Exchange Fiat
Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT. Go to Source Powered by WPeMatico
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Is High-Frequency Trading the Reason Bitcoin Has Become Boring?
The increasing use of HFT may help explain Bitcoin’s record low volatility. Go to Source Powered by WPeMatico
Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was … Read more
Bitfinex Lists Dogecoin After TikTok Fad Sends DOGE Price Over $0.05
Dogecoin sees fresh gains before correcting to $0.04 as Bitfinex appears to capitalize on TikTok excitement. Go to Source Powered by WPeMatico
New York Court Rejects Bitfinex Appeal Over $850M in Lost Funds
New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds. Go to Source Powered by WPeMatico
Bitfinex Investor Reportedly Detained by the Chinese Authorities
Zhao Dong was taken in custody by the police with no official statement as to his detention. Go to Source Powered by WPeMatico
Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol
Bitfinex has uploaded the code for a crypto-powered open-source P2P data streaming protocol to GitHub. Go to Source Powered by WPeMatico
Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged
The number of Bitcoins held on exchanges continues to decline despite growing open interest in the futures markets. Go to Source Powered by WPeMatico
$10M Investment From Tether Won’t Change Celsius’ Mission of Sharing
Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users. Go to Source Powered by WPeMatico
Crikey! Kraken Launches Support for Aussie Dollar Trading Pairs
Kraken has launched support for trading and funding in AUD six months after acquiring veteran Australian crypto exchange Bit Trade. Go to Source Powered by WPeMatico