Controversial Tether Issues $300 Mln In New Tokens, Critics React
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
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Bitmex Research: New Data Points to Noble Being Tether’s Primary Reserve Bank
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
Markets Update: Bears Pull Crypto-Prices Near Last Bottom
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
Stablecoins: Is Control the Answer to Crypto Volatility?
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
Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist
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
Spokesperson Confirms Bitfinex Is Client of ING
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
BitMEX Is Slightly Concerned About the Alleged Tether Hack
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
Tether Creates Over 146 Mln New EUR, USD Tokens Based On Ethereum Blockchain
60.1 mln Ethereum-based USDT tokens and 86 mln EURT tokens come from Tether. #NEWS Go to Source Powered by WPeMatico
Independent Ratings Agency Alerts Investors About Dangers of Tether
Another outside observer of the controversial tether cryptocurrency is warning about the dangers it presents for the uninterrupted operation of USDT exchanges. Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem. Also Read: Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors Inherent Risks of … Read more
New Reports Shine a Spotlight on Tether’s Legal Status
Rarely a week passes when Tether, the company responsible for issuing the USD-pegged cryptocurrency of the same, isn’t in the news. In the last 24 hours, two separate reports into the status of Tether and its USDT tokens have been published, one examining its legal status and the other exploring its blockchain. Meanwhile, Upbit exchange … Read more