USDT

Tether Stays Below $1 For Six Months, Bad Sign For BTC?

Tether stays below $1 since July 2019 while Bitcoin managed to hold above the $7,000 level until the end of the year but it could turn bearish in the short term as the New Year starts. The Tether price is stuck and this could be a bad sign for Bitcoin as we are reading in...
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Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High...
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Market Update: Crypto Traders Search for Bullish and Bearish Trends

During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether...
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Market Update: Bears Claw Crypto Prices Below Long-Term Support

Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to...
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Buying Bitcoin Pays when Tether Prints

Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT). Bitcoin Cycles Coincided with USDT Printer In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in...
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XRP, Ethereum Classic Futures Debut on OKEx

OKEx added two more futures products to its portfolio, offering a settlement in Tether (USDT). The futures for XRP, Ethereum Classic (ETC), as well as TRON (TRX) and Bitcoin SV (BSV) will be added to earlier products for Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH). OKEx Adds XRP, ETC and More...
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Crypto Exec Defends Tether, Says USDT is Legit & Did Not Manipulate Bitcoin Price

Tether has long been a controversial player in the cryptocurrency community. The operator of the USDT stablecoin, closely affiliated with Bitcoin exchange giant Bitfinex, has long been accused by members of the community of artificially manipulating (specifically pumping) the price of BTC. While this theory has gained traction in the industry by those skeptical of...
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Was The Bitcoin Pump and Dump More Market Manipulation?

Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of...
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Tether Reaches 4Th Top Crypto As Market Cap Drops To $200 Billion

Tether reaches 4th position as top cryptocurrency as the market cap drops to $200 billion after the bulls were not able to defend the new region and brought the price back to $7,230 during the early hours of today as we are reading in the Tether coin news. Last week was really impressive for Bitcoin...
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Tether (USDT) Is Now The 4th Top Crypto As Market Cap Falls Below $200 Billion: Monday Market Watch

Last week was quite impressive for Bitcoin as the cryptocurrency recorded a bullish reversal from a low of $6,750 to $7,800 in two days. The bulls were unable to defend the new region, swinging the price back to $7,230 during today’s early hours. Bitcoin is currently down about 1.29% on the day as it trades...
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Tether Will Still Be Preferred Choice For Traders And Here’s Why

It seems that Tether will still be the top choice for traders despite the harsh criticism about the cryptocurrency not having the total fiat backing as well as the many banking troubles with iFinex. Let’s find out why this is the case in the latest Tether news today. The market share of USDT is above...
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Why Tether Will Continue to be a Hit Amongst Crypto Traders?

Tether (USDT) is still the stablecoin of choice for most crypto traders. Despite criticism about Tether, Inc. not having complete fiat backing, as well as the banking troubles of iFinex, the coin is still widely used. USDT Keeps Market Share Despite Alternative Stablecoins The market share of USDT remains above 97%, even as more stablecoins...
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Tether’s Volume Is Booming Amid Crypto Market Drop

The chief strategy officer (CSO) at Blockstream, Samson Mow, is in the crypto news today for stating that stablecoins like Tether (USDT) are on a good way but will not see a retail use case. The CSO was speaking at the BlockShow conference on November 15 and noted that Tether has a first-mover advantage placing...
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Tether (USDT) Volume Raging Amid Crypto Market Crash

The turnover and volumes of Tether (USDT) boomed in the past days, while the market was crashing. USDT volumes are now above $31 billion, as sell-offs boosted the demand for stablecoins. Tether in the Top 4 USDT is now the fourth largest coin by market capitalization, lining up at the top as other assets slid....
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Bitfinex Under Legal Attack: Another Class-Action Lawsuit Filed in Washington

The controversy around Bitfinex and Tether continues. Apparently, the company is under legal attack as yet another “copycat” class action lawsuit has been filed against it with the US District Court for the Western District of Washington. Bitfinex Responds Against A Mysterious Complaint According to an official statement, “mercenary” lawyers continue to attack Bitfinex and...
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Crypto Exchange Bitfinex Seeks Case Dismissal Over Bitcoin Bubble

Hong Kong-based crypto exchange Bitfinex is pleading with court for the dismissal of a $1.4 Trillion case in which it allegedly manipulated the 2017 Bitcoin bubble. The exchange claims that the plaintiffs’ cause of action has no legal basis, terming it ‘frivolous.’ Earlier, the plaintiffs filed a class-action lawsuit against Tether, Bitfinex, and others accusing...
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Biftinex is Set to Launch Options and a Gold-Backed Tether in Q1 2020

In a recent podcast, Chief Technology of Bitfinex cryptocurrency exchange revealed company’s ambitious plans for 2020 which include the debut of options and gold-backed Tether. With many issues that have made premier cryptocurrency exchange Bifinex controversial, it seems that the exchange is set to get its groove back in 2020 as per revelations by its...
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Tether Transfers Outpace Ethereum on its Own Network

The Ethereum network now carries more 2-3x more Tether in its ERC-20 form than the native ETH asset. The reason for this is record-high activity of the new type of stablecoin, as demand for arbitrage and the movement of funds continues to grow significantly. Tether Takes Over as Leading Smart Contract The value of on-chain...
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Tether Stablecoin Issuer: USDT Backed 1:1 With Reserves Again

Tether, the creators and issuers of the tether (USDT) stablecoin, said this week that its dollar-pegged cryptocurrency is once again backed 1:1 with its fiat reserves, after a company affidavit back in the spring noted that only “74 percent of the current outstanding tethers” were backed by “cash and cash equivalents” at the time. The...
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Asian Bitcoin Exchanges Dominate BTC Flow as Tether Slams Manipulation FUD

Asia has always been at the forefront of the bitcoin and crypto trading. The US has been too busy tripping over its regulatory feet to keep up this year while the nations of the Far East forge ahead. Recent research has revealed that Asian exchanges are also dominating in terms of BTC flow. Binance and...
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Huobi US to Rival Binance.US as Huobi Global Planning to Freeze Accounts of U.S. Residents

Huobi Global announced on November 4 that it plans to freeze all US user accounts by November 13 advising them to shift to Huobi.US. Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative...
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Bitcoin 2017 Surge Caused By Single Entity: Bloomberg

Last year, two academics concluded that the Bitcoin rally in 2017, when the cryptocurrency hit the all-time high, was caused by manipulation. Now the research authors figured out that the surge was likely caused by a single entity. Single Whale Behind Bitcoin’s Dec 2017 Rally In 2018, John Griffin, professor at the University of Texas,...
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Bitcoin Hit $20K in 2017 from Manipulation by One Single Market Whale

According to recent findings, the surge of Bitcoin price in 2017was a result of market manipulation from one single whale, using USDT. Most of the crypto community, especially Bitcoin hodlers, are almost always hoping for a spike like the one that happened in 2017, which saw the king coin hit its current all-time high of...
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Bitcoin and Tether Log 60% of Trading Activity

Cryptocurrency trading is skewed to two major hubs – Bitcoin and Tether. While for years BTC was the most traded digital coin, for a few months now USDT has taken the lead in terms of daily volumes. Bitcoin Lags as Second Most Active Coin On Thursday, the total volume for Bitcoin and USDT combined was...
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Ethereum leads Bitcoin in daily transaction count, despite 2% market cap decline

Last week, Bitcoin marked one of the largest 24-hour surges in its history after the king coin hiked by a massive 42 percent over a short period of time, taking its valuation to over $10,400 for a brief hour. Ethereum, playing the second fiddle in the industry, had a relatively strong September until the 24th,...
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DAI and USDT to Lead the Way for Stablecoin Adoption

Adoption of stablecoins seems to be currently picking up steam and both the DAI and Tether’s USDT are at the forefront. The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a...
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Market Update: Crypto Prices Hold Steady After Massive Bullish Spike

Digital currency markets are coasting along after an enormous move on Friday of more than 20-40%. The entire cryptoconomy is hovering around $249 billion as it gained a whopping $30 billion very quickly this week. Crypto prices corrected a touch since the spike, but are still well above the lows seen just a few days...
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Stablecoin Tether (USDT) Gains Popularity As Payments Method

Stablecoin Tether (USDT) gained a lot of popularity as a payment method in recent times and some analysts see it catching up with Ether and Bitcoin. Let’s check the Tether cryptocurrency news today and find out more. As the reports say, the crypto payments processor CoinPayment registered the rapid increase of popularity the stablecoin Tether...
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Tron (TRX) Price Surges 6% From the ‘Tether Effect’

Tron is performing better than most altcoins today as $30 Million worth of TRC20-USDT tokens enters the market. This recent injection brings the total amount of Tether circulating on Tron’s network up to 450 Million. The ‘Tether effect’ has begun.  TRC-20 based USDT Growing It is no secret that Tron founder Justin Sun aims to...
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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

Binance CEO Changpeng “CZ” Zhao announced that they are preparing for launching fiat options, including the Russian ruble. Popular crypto exchange Binance which has been working on a fiat trading solution for its customers is finally ready to launch. To kick-start this innovation, the exchange will work with Russian rubles in the beginning phase. This interesting...
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