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What kind of a world are we living in when bitcoin and tether, two of the stablest currencies in the cryptosphere, break out at the same time? Bitcoin is headed north while tether has taken a tumble in events that are closely linked. Of course, there’s other news in this edition of The Daily, like … Read more
GMO has become the latest company to signal plans to issue a yen-pegged stablecoin Go to Source Powered by WPeMatico
Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the exchange is “insolvent” or facing banking issues Go to Source Powered by WPeMatico
Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” asserts a … Read more
September saw all but three of the top twenty cryptocurrency markets post an increase in monthly trade volume. XRP pairings saw the strongest month-over-month volume gain, with 30-day volume tripling when compared with August. Also Read: Markets Update: Crypto-Traders Patiently Wait for a Break Out BTC Stagnates, USDT and ETH Post Strongest Volume Since Q2 Despite … Read more
In recent news pertaining to cryptocurrency exchanges, Noble Bank is looking to sell after reportedly losing Bitfinex and Tether as clients, Bitmex has announced the former compliance head of Hong Kong Exchanges and Clearing Limited as its new chief operating officer, and Huobi’s director of research into blockchain applications has discussed the company’s goals for … Read more
Puerto Rico’s Noble Bank, well-known for working with Tether and Bitfinex, has reportedly lost them as clients and is seeking buyers, sources told Bloomberg Go to Source Powered by WPeMatico
Rumors, allegations, and assertions can all be found in today’s news roundup. Specifically, we have rumors of impending trouble with Tether, allegations of another Chinese exchange conjuring up fake volume, and assertions that Bitcoin and blockchain’s mass adoption is “inevitable”. We’ll reveal who made that bold claim, as well as substantiating the others, in this … Read more
Stablecoin mania is showing no signs of abating. Within a week of Gemini launching its US dollar-pegged coin, Circle has followed suit. Named “USD Coin” (USDC), the ERC20 token has made its debut on Poloniex, the US exchange Circle purchased earlier this year. Also read: A Complete A-Z of Stablecoins Circle’s Stablecoin Is Good to Go … Read more
A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting the correlation between price fluctuations and Tether grants, the study notes a … Read more