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Latest Tether News
In a recently made announcement, crypto exchange Huobi said that it will be listing four U.S. dollar pegged cryptocurrencies on October 19. This makes Huobi the latest major crypto exchange to do so in the wake of the recent issues surrounding Tether. Singapore-based Huobi, which is presently the fourth-largest exchange in terms of trading volume, said that […]
The most commonly known stablecoin is Tether. It is a cryptocurrency that buys one American Dollar from the market before issuing one tether. This means that when one American Dollar leaves active circulation, one Tether enters active circulation. Thus, the price of Tether has stayed stable over the years. A swing of fewer than 10 The post Stablecoins in a Nutshell…And Why They Can Kill Decentralization appeared first on CCN
The fall of Tether, the most famous stable coin in the cryptocurrency market, has supposedly been a very well orchestrated operation by a third party organization with plenty of resources to make even an army of bots and place sell orders against USDT. This according to a Bitfinex insider that provided the information to the cryptonews outlet Coinspeak. Tether Woes Explained Tether, being a stablecoin, needs to be pegged to a real currency, in this case, the US dollar. Earlier this week, there was a phenomenon that made this highly traded cry
Huobi Launches “All-In-One Program” In the midst of the Tether/Bitfinex debacle, Huobi, a world-renowned crypto platform, has unexpectedly made a move to revolutionize how stablecoins — crypto assets tied to the value of a relatively stable asset — work in this emerging market. On Friday morning, the crypto platform, which is headquartered in Singapore, released an announcement titled “Announcement on the Launch of HUSD solution on Huobi Global” on its official ZenDesk page. According to the post, HUSD, as this “all-in-one” solution has been
The notorious "October effect" in stock markets (expected higher volatility and market crashes) has not disappointed, with the US and Chinese indices continuing their tumultuous run. This volatility has at times coincided with large sell-offs in cryptocurrencies and the panic selling in Chinese markets this week may have spilled over to the bitcoin and tether market this week - both of which share a large base of retail Chinese investors.
Bitcoin had experienced a surge in price over the past few days, largely attributed to the slip on the USD Tether peg. The market has returned to its previous equilibrium level before the surge in price. Support levels moving forward; $6558, $6453, $6261, $6189, $6032, $6000. Resistance levels moving forward; $6639, $6715, $6824, $6862, $7053, $7300, $7431, $7606.. $7857, $8000. Bitcoin has remained relatively stable over the past 24 hours of trading only moving a small -0.1%.
The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U.S. Dollar Tether (USDT) for failing to provide a trustworthy service for users. The Galaxy Digital Holdings Ltd. founder also responded to Nouriel Roubini’s scathing attacks on cryptocurrency last week. Novogratz Prefers Gemini Dollar to USDT Novogratz stated in an interview that the stable-coin U.S.
Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT 00 holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list. The Tether Treasury currently constitutes the entity with the single largest holdings, followed by exchange Binance, with Huobi and
Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobi’s All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred The post One [Stable]coin to Rule Them All? Huobi’s New Program Lets Users Swap Between Tokens appeared first on CCN
Cryptocurrency advocate and billionaire investor Mike Novogratz says Tether’s recent troubles are its own fault, and that a lack of transparency is mainly to blame for investors losing faith in the stablecoin. Billionaire investor Mike Novogratz, one of the best-known advocates of cryptocurrencies, blamed controversial "stable coin" Tether for its own recent woes https://t.co/P4LmHrKy3o pic.twitter.com/RD9VshtyQl — Bloomberg Australia (@BloombergAU) October 18, 2018 Tether’s Dip This Week This week Tether’s USDT cryptocurrency, allegedly ba
Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great pleasure to announce the launch of HUSD, an all-in-one stablecoin solution. A market first, HUSD lets you deposit or withdraw with any one of four stablecoins. Depo
Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation. Defenders have largely chalked up the markdown to FUD, arguing that supporters of other “stablecoins” are launching a coordinated assault on tether, which has long dominated this market niche. However, billionaire investor The post Lack of Transparency to Blame for Tether’s Loss of USD Peg: Novogratz appeared first on CCN
Michael Novogratz, a known cryptocurrency investor, and Galaxy Holdings CEO, has expressed his views about the problem of the lack of transparency that Tether, the first stable coin in the cryptocurrency market, has achieved to spread. While he thinks that stable coins are really important for the movement of the market, he clearly prefers more regulated and transparent stable coins, now that there are various of its kind. Michael Novogratz Vs Tether Michael Novogratz is a veteran investor and cryptocurrency expert that has a certain knowledg
Photo: Pavlos Giorkas / Flickr One Bitfinex employee, with access to insider information, has shared details of the Bitfinex investigation in regards to the anomalous growth of Bitcoin and decrease in the USDT. According to the employee, Bitfinex itself was not connected to the situation. Although, a third-party connected network of trading bots, that were set up for massive USDT sales, were implicated in the Bitcoin exchange rate manipulation. Bitfinex managed to find a connection between the accounts and, following the transactions of
According to a lot of research groups, Bitfinex and Tether have reportedly been “partners in crime” in a lot of malicious activity that has surrounded either the exchange or the stablecoin. The ugly relationship seems to be surfacing again as a recent research released by Elements Group suggests that Bitfinex is doing every bit to defend the Tether peg. Bitfinex removes Tether token from circulation to transfer it to Tether Element group has collated the series of news flow that has surrounded Bitfinex and Tether and has tried to conclude wha
Tether (USDT) is a stable coin. Stable coins have been lauded as the holy grail of crypto and the only avenue for the space to expand because of its ability to shield investors from volatility. Aside from regulatory concerns, Bitcoin and altcoin volatility is one of the reasons why the space is still considered “risky”. But as always, risky is relative and the same volatility is a source of profits for savvy traders. Now, out of this stability we have Tether which happens to be the most liquid stable coin in the space and theoretically backed
When the U.S. dollar-pegged Gemini dollar soars to as high at $1.18 on October 17th, one wonders how stable the so-called stablecoins are. Days earlier, Tether (USDT) plunged to lows of around 87 cents, per Coinbillboard (with some exchanges seeing USDT trade at 85 cents). Also see: Ticketmaster Looks to Blockchain in UPGRADED Acquisition Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Tether Slumps? Gemini Dollar Soars?
Tether Limited, a government registered company that is responsible for the issuance of Tether USDT, has withdrawn almost 25 percent of all USDT from circulation. The number of USDT has fallen from around 2.8 billion to 2.008 billion. Tether has not issued any Tether (USDT) since September 21. As the Omni Explorer shows, Tether did […] The post Tether Withdraws More Than 25% of All USDT from Circulation appeared first on Coindoo - Crypto News and Reviews.
One thing is becoming clear, no matter if you believe in the claims made against Tether or not, the days of it dominating as "the stablecoin" of the market are officially coming to an end.October has been nothing short of a total disaster for Tether, it all started when the rumors that have been floating around the cryptocurrency world went mainstream - with outlets like Forbes, Bloomberg, and The Washington Post all publishing stories explaining why cryptocurrency traders were concerned.That was followed by the markets reacting, and Tether
Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company — which shares a The post Tether Has Yanked $610 Million out of Circulation this Month appeared first on CCN
Cryptocurrency, Tether (USDT), Stablecoins–Stablecoins, the growing classification of cryptocurrency which peg their wealth to an external source, have found a new supporter in the form of billionaire investor and Bitcoin bull Mike Novogratz. Speaking at a conference in Frankfurt on Oct. 17, the Galaxy Digital Holdings Ltd. founder expanded upon his position for stablecoins, claiming that the technology may prove to be more beneficial for digital based transactions as opposed to traditional cryptocurrencies, “The concept of stable coins mak
Bitcoin remains motionless as the price enter yet another day of anxious stability. The Bitcoin-to-dollar exchange rate is extending its sideways consolidation trend. The spike seen at the beginning of this week – mostly because of the Tether crash – is fading aptly in the absence of adequate bullish sentiment, halted near circa 6550-fiat. The The post Bitcoin Price Intraday Analysis: BTC/USD Forming Doji in Bull Trap appeared first on CCN
Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services. For years, from the shutdown of the exchange’s Wells Fargo bank accounts to its troubles with Taiwanese banks, a relatively large portion of the community was convinced the denial of banking services towards Bitfinex was caused by the firm’s dependence on USDT. No
Bitfinex and Tether recently announced new banking partnerships in Hong Kong and the Bahamas, respectively. Previously, both companies, who reportedly share the same management, were clients of the Noble Bank, which is currently up for sale due to financial troubles. Bitfinex Says Banking Details Are Commercially Sensitive and Confidential According to The Block, Bitfinex has secured a new banking partner in Hong Kong. Inside sources revealed that the cryptocurrency exchange set up an account with Bank of Communications with Citibank acting a
Recently, Whalepool, a community of day traders posted on Twitter that not a single US Dollar backed stablecoin provided their complete audits which included TrueUSD [TUSD], Gemini [GUSD], Paxos [PAX], and Circle [USDC]. The stablecoin platforms were accused of only providing attestations which proved their reserves but there was no proof of a complete audit. Cameron Winklevoss stated that Whalepool was accusing the platforms without understanding the fact that these platforms could not be audited and only had to go through the process of att
Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance Blockchain.com Announces Airdrops Bitcoin wallet and blockchain analysis service Blockchain.com has decided to host airdrops. The platform, whose 29 million wallets
A recent report suggests that the lawsuit over Augur, the Ethereum-powered prediction market, has been dismissed by the San Francisco County Court. The dismissal came at the request of the plaintiff, former CEO of Augur Matthew Liston, who has reportedly agreed to settle the case outside of court with the defendants, the founding members of Augur. Also see: As Cryptos Surge, Tether Is In Free Fall Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts $152 Million Lawsuit Terminated for Good This ye
As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in a premium of up to $300 on the price of Bitcoin traded on Bitfinex. Tether Holders Take Five Percent Haircut As They Exchange for Bitcoin Tether (USDT) has seen its market capitalization plunge from the $2.8 billion area to just above $2 billi
The avalanche of recent news on the Tether (USDT) stable coin continues today, as the opaque cryptocurrency company has reportedly secured its latest banking relationship with the Nassau-based Deltec Bank. Deltec Bank & Trust Limited provides various financial services, and a Bloomberg article last year stated that the former chief investment officer Atul Lele managed $5 billion for Deltec. This new banking relationship comes shortly after Tether’s previous arrangement, with Noble Bank of Puerto Rico, was reportedly ended under unknown c
Speculation is rife that people are selling Tether in exchange for Bitcoin. This has led to Bitcoin trading at around a $300 premium on the Bitfinex exchange. Those using the Bitfinex exchange are finding that Bitcoin is trading at roughly a $300 premium compared to other exchanges. Many believe the price upswing is because traders who purchased the stablecoin Tether via the exchange are now looking to sell their holdings for Bitcoin (BTC) 00. Tether and Bitfinex share management.
The USD Tether [USDT] saga continues to unfold along with exchange platform Bitfinex, as fiat deposits to their exchange are becoming increasingly arcane. While this is not an uncommon occurrence for the exchange, the platform has recently come under flak for multiple problems with the supposed ‘stable coin’. The exchange platform is now banking with the Hong Kong-based Bank of Communications through a private account under the name of PROSPERITY REVENUE MERCHANDISING LIMITED, revealed a source to The Block. The intermediary bank in the syste
Since the colossal Tether related spike Ethereum (following Bitcoin) went through a few days ago, the market has been moving sideways. ETH retraced nicely to the 0.618 FIB level (calculated from the peak of the big green candle to the bottom of $190) and since then, had consolidated below the trend line of the descending triangle that started in April this year (on the daily chart). The bulls didn’t have enough momentum to keep the price above the trend line and, as we predicted. The huge candle was probably just another aggressive bull tr
I don’t want to get sued for slander so let me explain the reasoning beyond today’s title. After all of the turmoil surrounding Tether on Monday, how can the price be anywhere near the $1 parity level with the US dollar? After more than a year, how can anyone have confidence in Tether and their […] The post Why Would Anyone Have Faith In Tether? appeared first on Hacked: Hacking Finance.
Japanese messaging app, LINE Corp, today announced that its token, LINK, was listed exclusively on BITBOX cryptocurrency Exchange. LN Trading Pairs The LINK (LN) token, according to LINE Corp is available exclusively on its cryptocurrency exchange, BITBOX. Along with LN, three other major virtual currencies are also listed on BITBOX. They include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The company’s announcement represented an upgrade in the LINK token and also made the LN recognizable and useful in the virtual token industry.
Since our last markets update, cryptocurrencies have been steadily moving sideways as traders are patiently waiting for the next big move. On Wednesday, Oct. 17, bitcoin core has been hovering between $6,400-6,550, while bitcoin cash has been coasting along around $425-500 per coin. The market capitalization of all 2,000+ cryptocurrencies hasn’t budged much over the last two weeks and currently rests at $213.4 billion. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Stablecoins Show More Action Than M
OKEx, a Malta-based cryptoasset exchange, recently listed TrueUSD (TUSD), USD//Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). At the time of the announcement, OKEx was the fifth-largest Bitcoin exchange by volume and the third-largest exchange in terms of Tether volume. According to an OKEx support notice, the go-live schedule was as follows, TUSD, USDC, GUSD, PAX deposit – 17:00, Oct 15 (HKT) TUSD/BTC, USDC/BTC, GUSD/BTC, PAX/BTC spot trading – 14:00, Oct 16 (HKT) TUSD/USDT, USDC/USDT, GUSD/USDT, PAX/USDT spot trading – 1
The Tether controversy has taken a new turn in the market as someone transferred over 80 million worth USDT to Binance, the “biggest” cryptocurrency exchange in terms of trade volume. The transfer equates to more than 4% of the circulating supply of the coin in the market, according to CoinMarketCap. At press time, the coin was trading at 0.97 with a market cap of $2 billion. The circulating supply of the coin was 2 billion and the majority volume of the coin was held by Binance which was around 202 million and was closely followed by OKEx wi
Bitcoin resumed its range-bound trading on Wednesday, though the premium paid for BTC on exchanges like Bitfinex remained elevated following the large-scale cash-out of USDT. The short-term outlook remains mixed with prices showing little signs of making new highs. BTC/USD Update The bitcoin price reached a high of $6,794 on Bitfinex, compared with an average […] The post Bitcoin Price Maintains Premium on Bitfinex in Wake of USDT Fallout appeared first on Hacked: Hacking Finance.
Based on a recent report, it appears that the controversial USDT cryptocurrency issuer Tether may have found a new banking partner in the Bahamas. It was earlier reported that the Block’s Larry Cermak, Tether will be having its first fiat reserves at Deltec Bank, which is based out of Nassau. As at yesterday, those reserves were quite large already as it runs to about 2.25 billion USDT tokens in circulation. In physical asset; that is worth $2.25 billion; despite the fact that hundreds of millions dollars’ worth of virtual currency token was
HSBC has dumped Bitfinex unceremoniously after learning the company it thought it had established a banking relationship with, Global Trading Solutions, was affiliated with Bitfinex and doing its banking on the controversial exchange’s behalf. Yet an HSBC subsidiary has taken on the troubled client. Also see: As Cryptos Surge, Tether Is In Free Fall Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Explaining the Fiat Deposit Problems In anticipation of the potential collapse of Puerto Rico-bas
Huobi, one of the biggest crypto exchanges in the world, has released an official statement informing the public of its recent listing of four stablecoins on October 16. Huobi made the announcement on its official website and revealed it would begin accepting deposits from the following listed coins by Friday: Gemini Dollar (GUSD), USDCoin (USDC), TrueUSD (TUSD), and Paxos Standard (PAX); all USD-backed stablecoins. Just a day before Huobi’s announcement, OKEx, the second largest crypto exchange in the world according to CoinMarketcap, traili
Bitcoin [BTC] saw the break of the $7,000 psychological resistance line recently amidst rising investor concern regarding the USD Tether currency. The coin has since been unable to convert the momentum into price movement concrete enough to move it beyond established levels. XRP, however, has seen a continued growth since its pump in the market earlier this week, carrying forward slightly decaying momentum as investor sentiment wears out. Bitcoin: 1 hour: The $6,625 – $6,660 uptrend has presented itself since the beginning of the month, with
Tether Markets 400
|Market||Pair||Price||Volume 24H||Volume (%)|
|Trade By Trade||BTC/USDT||$0.978126||$10.45M||0.31%|
|Trade By Trade||DASH/USDT||$0.99||$1.22M||0.04%|
|Trade By Trade||LTC/USDT||$0.975774||$1.21M||0.04%|
|Trade By Trade||BCH/USDT||$0.980787||$1.21M||0.04%|