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Bitfinex has announced the introduction of 12 new ERC-20 tokens. Among the tokens listed is Dai – a stablecoin competitor to Tether. Also Read: First Soros, Now Rockefellers Move into Cryptocurrency Bitfinex Announces Trading Pairs for 12 New Altcoins On April 7th, Bitfinex announced via Medium the introduction of 12 new altcoins on its trading platform. All […]
The post Bitfinex Introduces Trading for 12 Altcoins Including Tether Competitor appeared first on Bitcoin News.
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Cryptocurrency values are still slumping downwards as they have been for the past three consecutive months. Currently, the overall cryptocurrency market valuation of all 1,500+ digital assets is $248Bn after losing billions over the past few days. BTC/USD markets are below the $7K territory and recently touched a low of $6,510 per coin. Also read: Huobi’s […]
The post Markets Update: BTC and BCH Prices Continue to Slide appeared first on Bitcoin News.
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The price of bitcoin and a slew of other cryptocurrencies have started to see some slight recovery on Tuesday, April 3rd’s morning (EDT) trading sessions. The entire economy of over 1,500 different cryptocurrencies has increased in value surpassing a $278 billion market capitalization with 5-20 percent gains. Also read: Huobi’s Sentiment Index Shows Cryptocurrency Investors Still […]
The post Markets Update: Cryptocurrency Prices See Some Slight Recovery appeared first on Bitcoin News.
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The world of cryptocurrency is always full of surprises. Bittrex, one of the top altcoin exchanges, is upping the ante by pairing stablecoins with one another. Its USDT-TrueUSD pair is certainly controversial, as it seemingly serves no real purpose at first glance. What is Bittrex Trying to Achieve? These days, stablecoins are a lot easier to come by. All of these currencies are pegged to the US dollar or another major fiat currency, and they will always retain their pegged ratios. We have seen various creations of this sort, although some of them are far more popular than others. Most people in the cryptocurrencyPowered by WPeMatico
Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi […]
The post Huobi Officially Launches in South Korea with 100 Cryptocurrencies appeared first on Bitcoin News.
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As some cryptocurrency exchanges are adding new altcoins, tokens and forks all the time, cashing in on massive listing fees from promoters, the need arises to trim the fat ever so often. Now Cobinhood is removing a few, offering a glimpse on how trading venues decide which tokens to cull. Also Read: Canadian Multinational Bank […]
The post Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether Pairs appeared first on Bitcoin News.
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After over a month of absence Tether has returned to the USDT printing business, issuing $300 million worth in just one massive batch. The proximity of the move to the recent reversal of the downtrend in the market has lead to renewed calls by critics that Tether is manipulating prices. Also Read: Survey Says […]
The post Tether Back in the Printing Business With Massive $300 Million Batch appeared first on Bitcoin News.
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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, […]
The post Bitmex Research: New Data Points to Noble Being Tether’s Primary Reserve Bank appeared first on Bitcoin News.
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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 […]
The post Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist appeared first on Bitcoin News.
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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 regard. The Tether debate Won’t end Soon Many people in the cryptocurrency world are not too sure what to think about Tether. While the company itself seems perfectly legitimate, the rate at which it issues USDT tokens is rather alarming at times. Many people have noted that the company issuesPowered by WPeMatico