Category: Tether
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New Platforms Track Major Stablecoin Markets
The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders. Also read: Chat Bot Advises Crypto Startups and Investors The Stablecoin War Is Heating Up The last…
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USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping
The ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning. Despite this shift, USDT trade volume has risen 100 percent since tether’s dramatic decoupling from its dollar peg in October. Also Read: Buffett Bet 2.0: Asset Manager Wagers…
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Bitfinex Adds Four Stablecoins Including GUSD and USDC
Bitfinex, together with its sister exchange Ethfinex, has announced the introduction of four new stablecoins. The additions take the platforms’ total number of dollar-pegged tokens to six and provide a reassuring range of tether alternatives for traders. Trustless, Ethfinex’s decentralized exchange (DEX), will also be listing all six, including the Gemini dollar (GUSD) and Circle’s…
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November Volume Rankings: Bearish Momentum Drives Surge in Trade
The significant bearish momentum experienced across cryptocurrencies throughout November drove a significant increase in monthly trade volume among the leading markets. Also Read: Japan Unveils Plans to Regulate Initial Coin Offerings BTC Posts Strongest Volume Since May According to Coinmarketcap, BTC saw an increase in monthly trade activity of 43 percent in November. Nearly $156.5 billion…
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Tether Reopens Fiat-USDT Redemption Platform
Tether is back in business. Its stablecoin platform, which has lain dormant since last year, is to reopen for fiat deposits and tether (USDT) redemption. The move, described by Tether as a “new vision,” ought to return its stablecoin to the parameters it was originally designed to meet. With a minimum fiat deposit of $100,000,…
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The Daily: Binance Moves Away From Tether, Nasdaq Moves Closer to BTC Futures
In this edition of The Daily, we detail the reduced role that tether is playing at the world’s leading cryptocurrency exchange and the progress being made in adding bitcoin futures to the world’s second largest stock exchange. We also round up the latest progress being made in the security token space. Also read: Petition to Free…
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Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH
Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH. Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs BCH Posts All-Time Lows BCH has continued to produce…
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Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH
Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH. Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs BCH Posts All-Time Lows BCH has continued to produce…
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The Daily: BTC Spot Index Launches, Futures Platform Delayed
In today’s edition of The Daily, we cover a number of developments in the institutional segment, including a new BTC spot index, a delay in the launch of a futures platform and an investment by Binance in an over-the-counter (OTC) trading desk in San Francisco. We also cover an investigation into Tether and, on a…
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The Daily: Fake Trezors, Catching Knives, Stablecoins With Everything
There aren’t many prices that cryptocurrency traders can bear to look at right now, but stablecoins are one of the few exceptions. In this edition of The Daily, we consider the latest cryptocurrency niche that dollar-pegged coins are encroaching on, but not before we’ve addressed the serious business of fake hardware wallets and how to…