Price ($): 0.99306 (-1.26123%)
Price (฿): 0.00018794654247367178
Market Cap: $2843M
Volume (24h): $16,278M
The recent cryptocurrency market surge has set off a chain reaction in China where Bitcoin enthusiasts are all in. Their huge demand for the world’s number one cryptocurrency has triggered a premium price for the stablecoin Tether (USDT), which is used to settle over-the-counter (OTC) purchases of Bitcoin and is one of the only ways […]
A few years ago it may been odd to suggest that bitcoin would become integrated into mainstream commerce, due to a skepticism of its stability surrounding not only big business, but even customers. Fast forward to April 2019, and there is a new bitcoin casino in town looking to take over. There have been many […]
A stablecoin is a cryptocurrency that is backed by another stable asset such as fiat currency (USD, EUR, JPY etc), gold and commodities. This is done to reduce the volatility of the coin by backing it with something that has a stable value. What are the benefits of stablecoins? Stablecoins were created in order to […]
From Bitcoin’s bull market transition to new support for XRP and Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto. Bitcoin Crypto analyst Omkar Godbole at CoinDesk says Bitcoin’s latest rally appears to have solidified BTC’s transition from a bear to a bull market. But we’re not out […]
In today’s live coin watch, decentralized protocol Tether (USDT) has reportedly attained a new high in terms of Daily Volume after reaching 38,150. This comes as bitcoin sees a surge in price in what is considered the next crypto bull run. It can be recalled that Tether Limited has been subject to controversy since the […]
Tether (USDT), the controversial stablecoin issued by Tether Limited, has experienced its highest daily volume since first being issued in 2015. According to data from CoinMetrics.io, on March 31, 2019, there were 38,150 USDT transactions processed. Recently, Tether Limited updated its website to clarify how its reserves are made up. The company now claims that […]
Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume according to Coinmarketcap. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for their BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1000 BTC buy orders, signaling strength across numerous facets of the virtual currency exchange ecosystem.Also Read:
In a new episode of the Crypto Chick Podcast, Justin Sun, founder of Tron and CEO of BitTorrent, provides details on the recent USDT Tron stablecoin announcement, dishes on his Twitter battle with Ethereum co-founder Vitalik Buterin and hints at upcoming partnerships and collaborations. Speaking with host Rachel Wolfson, Sun says the importance of stablecoins […]
Tether is a controversial cryptocurrency backed by Tether limited. It is a stable coin which claims each token to be pegged to 1 USD, with plans to anchor to other fiat currencies too. It was designed to be worth $1 always. Tether was termed controversial because of the company’s failure to provide a promised audit […]
The U.S. Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology (FinHub) just published a framework for analyzing whether digital assets offered and sold are securities. According to the SEC, “the framework is not intended to be an exhaustive overview of the law, but rather, an analytical tool to help market participants assess […]
Using cryptocurrency as collateral to borrow money lets borrowers keep their digital assets while avoiding taxation of the cash, Bloomberg writes. The process is similar to borrowing against stock holdings—until a sale takes place, assets aren’t taxed. However, there are risks that go along with using crypto as collateral—cryptocurrencies are at a greater risk of […]
There’s no question that exchange hacks continue to plague the nascent digital currency market, and over the weekend the amount of funds pilfered from such venues surpassed a total of $1.3 billion, according to The Block’s research. The most recent hack, which occurred at Bithumb, resulted in the loss of $19 million worth of EOS […]
Tether is a digital currency which is not completely similar to its counter currencies or the fiat currencies, but it offers the best of both worlds. The value of one Tether is pegged to the value of a fiat currency. Tether is the most popular stable coin and even acts as a dollar replacement on […]
As Bitcoin price surged over 27 percent in the past week, traders in China are paying a markup for Tether stablecoins, which offer an easy way to buy As Bitcoin price surged over 27 percent in the past week, traders in China are paying a premium for Tethers, which offer an easy way to buy cryptocurrencies.
About $3 billion is ready and waiting to pump Bitcoin, Ethereum, XRP and crypto alts, according to eToro senior market analyst Mati Greenspan. In a new tweet, Greenspan echoes a position taken by a number of traders and analysts who say the total amount of money currently being stored in stablecoins could turn the market […]
Blockchain startup Offchain Labs has received $3.7M seed round funding, TechCrunch writes. Pantera Capital is leading the fundraiser, with participation from Compound VC, Raphael Ouzan of Blocknation, and Jake Seid, Stone Bridge Ventures’ managing director. With the new funds, the startup is hoping to launch a Beta version of its Arbitrum protocol. The company has […]
Sixty-one per cent of digital companies worldwide are investing in blockchain technology, according to a survey by identity management firm Okta. Okta based its “Digital Enterprise Report” on surveying decision-makers from firms with at least $1 billion in revenue—in total, interviewing 1,050 IT, security and engineering decision-makers. One issue the report looked at was investments […]
A Puerto Rico-based bank offering both fiat and digital asset custody announced it had opened Monday. The announcement came after the San Juan Mercantile Bank & Trust International (SJMBT) received its licence to operate last month. However, the main event is still to come, as the bank plans to integrate with its yet-to-launch sister Exchange, […]
Tether (USDT), the controversial stablecoin issued by Tether Limited, offers experienced its highest daily quantity since first being issued within 2015. According ...
When the US Government cut off Bitfinex & Tether's banking in April 2017, the USDT peg slippped, The USDT:USD pair on Kraken dipped down to $0.89. Then Bitfinex announced that at their exchange, that going forwarrd 1 USD == 1 USDT - that the two would be completely interchangeable for users with KYC'ed accounts. Since then, Bitfinex has been the l...
No one knows how tether really backs up their USD. If they use actual USD they're at the mercy of legacy banks that can shut them down and if they use BTC or others assets to back up tether then they are at the mercy of the markets and the prices of their assets. Tethering ain't ezpz.. Now big boy goldman sachs has entered the stable Ecoin (Evil c...
So the tether implosion is continuing, check out my previous post -> https://www.tradingview.com/chart/USDTUSD/JoiOqWoO-Is-Tether-going-to-implode-to-it-s-competitors/ . In this one i added PAX. Anyways we can clearly see that USDC is leading the USDT exodus. Probably all of Tethers US customers are moving into USDC and the Tether team can't keep ...