Tether USDT is Launching on a ‘Pure PoS’ Blockchain, Algorand
Stablecoin operator Tether announced that its USDT token will be released on its fifth blockchain, Algorand Go to Source Powered by WPeMatico
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The Curious Case of the 5bn USDT Misprint by Tether
It has been at least a full week since the latest debacle involving Tether and USDT got some attention. This long wait is now over, by the look of things, as the company successfully printed $5bn USDT in quick succession, prior to burning the majority of these tokens shortly after. Speculation is running wild as … Read more
Competing Stablecoins Can’t Topple Tether
Love, hate or fear it, there’s no avoiding tether (USDT). Its shadow looms over the cryptoconomy, supplying sanctuary in times of volatility, providing fiat capital inflow and acting as a lightning rod for crypto critics who believe it’s propping up the price of bitcoin. Over the past year, a flurry of new stablecoins have entered … Read more
Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next
Bitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With … Read more
Markets Update: Cryptocurrency Prices Continue to Accelerate
Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon. Also Read: How to Find a Bitcoin Cash Meetup Near You The Cryptoconomy Captures $368 Billion Cryptocurrency markets have … Read more
More than One Year Later, BTC Price Skyrockets Past $10K
On June 21, the price of bitcoin core (BTC) crossed the $10,000 mark for the first time since March 08, 2018. At the moment BTC has a $180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months. Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so … Read more
3 key Notes on the Recent 250m USDT “Printing” on Ethereum’s Blockchain
Every time the Bitcoin price shows signs of moving up, it is a matter of time until enthusiasts find some sort of link to potentially worrisome Tether behavior. These correlations will always be present, as not everything that happens is an illegal course of action. The recent “printing spree” Tether has been on shows 250 … Read more
New York Prosecutors Demand Transparency From Bitfinex and Tether
The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the loss of $900 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG) office has now demanded that Bitfinex must show transparency by turning over documents tied … Read more
Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium
Whether cryptocurrency enthusiasts believe the stablecoin controversy is worrisome or mere FUD, the news surrounding the $850 million of Bitfinex funds locked up has shaken the markets. Now, digital asset traders are closely monitoring the large premium on Bitfinex, where the price of BTC is trading for $300 more than on most spot markets. The … Read more
Markets Update: Crypto Prices Recover as Bitcoin Cash Leads the Charge Again
On April 25, cryptocurrency markets tumbled after the controversy between the New York Attorney General’s (NYAG) office, the stablecoin company Tether, and Bitfinex exchange. Since then, prices have slightly recovered and the entire cryptoconomy regained $4.3 billion after losing $10 billion last Thursday. Moreover, out of the top 10 cryptos by market capitalization today, bitcoin … Read more
