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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 […]
The post Dr. Doom (Professor Nouriel Roubini) Calls Stablecoin Tether a Scam appeared first on Bitcoin News.
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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 […]
The post Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion USD appeared first on Bitcoin News.
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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 Tether supply is over 2 billion USDT. It’s a remarkable milestone, albeit one that is heavily criticized. Two Billion Tethers are in Circulation It is evident the creation of Tether’s USDT tokens has always been considered rather controversial. Every USDT in circulation represents one US dollar. OnePowered by WPeMatico
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 […]
The post Tether Printing Press In High Gear, Issuing $400 Million in Four Days appeared first on Bitcoin News.
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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 […]
The post Markets Update: Exchange News from South Korea Brings the Bitcoin Bears appeared first on Bitcoin News.
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Tether, creator of a USDT token claimed to be backed by the U.S. dollar, has been a hot topic of conversation lately to say the least. The company has been very successful so far issuing tokens to individuals and exchanges, but many skeptics are worried the digital currency is not backed by real fiat. Skeptics […]
The post After The Rise of its Controversial ”Digital USD” Tether Releases EURTs appeared first on Bitcoin News.
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The Tether company has quickly made an impact in the world of cryptocurrencies. Although there are some concerns about the company and its liquidity, it is moving ahead in an effort to expand its presence. Its latest venture involves using both USDT and EURT on top of the Ethereum blockchain. It is a pretty interesting development, considering that both of these currencies are compatible with the ERC20 token standard. Ethereum-based EURT and USDT Have Arrived It is always interesting to see how companies deal with the concept of fiat-backed stablecoins. Although Tether has built up a rather solid reputation in this regard, there are still people whoPowered by WPeMatico
Living in a country known for having some of the toughest financial regulators in the world has its advantages and disadvantages. While it may deter the more cautious international scammers from targeting you it can also hurt your ability to conduct normal business. American cryptocurrency traders are now facing this situation with Tether. Also Read: Exchanges […]
The post Tether Won’t Redeem Americans, Terrorists and Other Bad Actors appeared first on Bitcoin News.
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Not a day goes by without some interesting developments in the world of cryptocurrency. While most of these changes go by unnoticed, the Omni team added a compelling feature a few days ago. More specifically, they have allowed issuers of centrally managed tokens to freeze said tokens in an address. This has caused some unrest among people who are concerned with the current Tether situation. New Omni Feature Could be Problematic On one hand, it is good to see the Omni developers introduce this feature. All tokens issued on top of this protocol are centrally managed in one way or another. As such, it makesPowered by WPeMatico
Bitcoin markets took a slide on Sunday evening December 17 about an hour after CME Group launched the company’s futures markets. Even though the beginning of the derivatives sessions were quite bullish with contracts above $20K, bitcoin’s spot markets dipped to a low of $17,925 across many exchanges. Also Read: Bitcoin Fees Have Become Infeasible BTC […]
The post Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures appeared first on Bitcoin News.
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