A by-the-minute look at Tether’s $1 billion swap from Bitfinex to Binance
The recent Tether burn seems to have involved a lot of trust between Binance and its counterparties. Go to Source Powered by WPeMatico
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Opium Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency
Cryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized stablecoin.” The stablecoin tether (USDT) is the most popular dollar-pegged token … Read more
Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums
The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during … Read more
Tether surpasses XRP by market cap again
But XRP isn’t competing with Tether. Go to Source Powered by WPeMatico
Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC
Stablecoin supply ratio shows much more buying power among stablecoin holders currently, with Bitcoin trailing at $11,400. Go to Source Powered by WPeMatico
Tether tops Paypal and Bitcoin for average daily transfer value
Average daily transfer value for Tether exceeded that for Bitcoin in August. Go to Source Powered by WPeMatico
Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus
Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. Go to Source Powered by WPeMatico
Tether Could Be Enabling Capital Flight From China, Says Chainalysis
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Go to Source Powered by WPeMatico
Chainalysis: New Issuance of Tether Slows Down Bitcoin Price Growth
Almost an even split between fiat and USDT Go to Source Powered by WPeMatico
Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’
Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions. Crypto Market Cap Crosses $365 … Read more