The crypto market is going through another bearish phase this month as the top cryptocurrencies lost majority of their gains from October. Bitcoin (BTC) has failed to hold key support…
Tag:
USDT
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Tether’s holdings and the question of whether its USDT stablecoin is fully backed by dollars is a sore spot for the company. More recently, however, the burning and minting of billions…
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In a highly controversial transaction, Bitfinex ended up paying a staggering 7,676 ETH for transferring just $100K worth of USDT. The miner of the block, however, has confirmed to return…
- Blockchain
Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion – Blockchain Bitcoin News
by Mikiby MikiThe stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days…
- All Alt Coin
US DOJ Initiates Investigation on Tether, Traders Shrug Off Concerns as USDT Maintains Dollar Peg
by Mikiby MikiWith the US DOJ hinting at another investigation on Tether executives, the crypto trader community isn’t disturbed by the development calling it just another Tether FUD. On Monday, July 26,…
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- Bitcoin
Tether’s (USDT) Unsecured USD Holdings Can Result to Liquidity Shocks Beyond Crypto Market
by Mikiby MikiTether (USDT), the world’s third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it’s the economists and officials from the U.S.…
