Category: Tether
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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch…
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ERC20 Tether Transactions Flip Their Omni Equivalent
Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the…
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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On
[youtube https://www.youtube.com/watch?v=g9Ki7_jt3OM&w=560&h=349] Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that…
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Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone
Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been following a trend of strong volatility,…
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Bitfinex must face New York attorney general in fraud lawsuit, says judge
A New York judge ruled Bitfinex must face the fraud suit and impending investigation set against it in April by New York attorney general Letitia James, denying the company’s request for the case to be dismissed due to lack of jurisdiction, Bloomberg reported. Justice Joel M. Cohen said Monday that iFinex Inc., the Hong Kong-based…
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Three-quarters of all Tether owned by just 318 addresses
Tether ownership is worryingly concentrated, citing Coin Metrics data that showed just 318 addresses held 80 percent of all Tether in circulation. Coin Metrics data shows Tether ownership highly concentrated Tether, a stablecoin created to provide liquidity to cryptocurrency exchanges, hasn’t been a stranger to controversy. Since it was introduced in 2015, the company has…
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Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks
Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most…
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Pre-Register for Bitcoin.com’s New Crypto Exchange to Win Bitcoin Cash Prizes
Over the last few years, Bitcoin.com has striven to make digital assets more accessible to everyone in the world. In June we launched our peer-to-peer bitcoin cash marketplace Local.Bitcoin.com and this September we’re launching our very own exchange with over 50 trading pairs. Today we’re starting pre-registrations so people can get a head start before…
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Market Outlook: Crypto Prices Consolidate as Economic Uncertainty Looms
Digital currency markets have been meandering sideways for a few days as most of the top crypto prices have been consolidating. Some traders believe there will be a big bullish rise after the current slump, while others think crypto prices may sink even lower. Amidst the crypto market uncertainty, economists worldwide are predicting a great…
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Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian…