Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned
A report indicates that no Ethereum-based Tethers have ever been burned, though new ones are constantly being printed. Go to Source Powered by WPeMatico
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Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?
With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing? Go to Source Powered by WPeMatico
Tether Unseats XRP As Third-Largest Crypto, Dwarfing Its Volume 25:1
Tether has edged out XRP in terms of market cap, taking over its number three spot Go to Source Powered by WPeMatico
Turkish Stablecoin Receives Spot Listing on BTSE Exchange
The Turkish stablecoin BiLira has received a spot listing on BTSE, offering a new on-ramp for Turkish investors to access crypto markets. Go to Source Powered by WPeMatico
Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty. Go to Source Powered by WPeMatico
More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate … Read more
Tether USDT Surpasses XRP as the 3rd Largest Cryptocurrency
Stablecoin Tether has just surpassed XRP as the third-largest cryptocurrency and is now the second-largest altcoin behind Ethereum’s Ether (ETH). Go to Source Powered by WPeMatico
Bitcoin Gains Ground on Gold, Bolsters Claim as the Asset of Tomorrow
“In the world of decentralized finance, stablecoins are a real threat to mutual funds and ETFs. And ETFs backed by gold might be disrupted by stablecoins that are backed by gold,” said one expert Go to Source Powered by WPeMatico
Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
A crypto data firm rep explained how analysis of Tether’s on-chain data can be used to forecast Bitcoin’s bull runs. Go to Source Powered by WPeMatico
Research Shows Inverse Correlation Between USDT on Crypto Exchanges and Bitcoin’s Price
Crypto market insights firm Santiment published an analysis showing that the percentage of USDT held on exchanges is inversely related to Bitcoin’s price Go to Source Powered by WPeMatico
