Tether

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:37 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Beyond the Dollar

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Time Stamp: April 27, 2023 6:35 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Reasons for Regulation

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Time Stamp: January 5, 2023 3:57 AM - Modified On: January 5, 2023 - Published By:
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There are multiple reasons cited for increased regulation in crypto, the most common of which are investor protection, institutional adoption, and safety. While regulations can be seen as a good thing in general for the space they’re by no means a universal panacea. Examining what central banks want regulation to look like gives a clearer indication of who benefits most from them. In December Sir Jon Cunliffe, Deputy Governor of the Bank of England said, “We would need to regulate to ensure that we get the same level of protection,

‘Triad’ members kidnap and torture Hong Kong crypto trader who manages to escape

Source Node: https://bitcoinerx.com/blockchain/triad-members-kidnap-and-torture-hong-kong-crypto-trader-who-manages-to-escape/
Time Stamp: November 15, 2021 7:11 PM - Modified On: November 15, 2021 - Published By:
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A 39-year-old Hong Kong man was kidnapped and held for ransom last week after meeting a Tether buyer in Kowloon Bay.  The man was taken inside an industrial facility, assaulted, and forced to hand over his phone and trading platform passwords.  He was held captive for about a week at Tai Po, northern Hong Kong. His kidnappers demanded HK$30M from his family.  His relatives contacted the cops on Nov. 9, 2021. The police then stormed the house where the victim was being held, but he managed to flee through a

Amount of Bitcoin Stored on Exchanges at Lowest Point Since May 2019

Source Node: https://cryptopotato.com/amount-of-bitcoin-stored-on-exchanges-at-lowest-point-since-may-2019/
Time Stamp: September 28, 2021 5:44 AM - Modified On: September 28, 2021 - Published By:
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On-chain analytics provider Santiment has reported that the supply of Bitcoin sitting on exchanges has fallen to levels not seen since May 2019. This is usually considered bullish as investors take BTC off exchanges when they’re in a position to hold and are not interested in selling. Santiment called it a “good sign of sell-off risk decreasing.” Bitcoin prices have been falling this week in the wake of a renewed crackdown in China and another round of FUD (fear, uncertainty, and doubt) that followed it. Since Monday, BTC prices have

COTI to Issue New Stablecoin on Cardano Network

Source Node: https://beincrypto.com/coti-stablecoin-cardano-network/
Time Stamp: September 27, 2021 4:40 AM - Modified On: September 27, 2021 - Published By:
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COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Tether (USDT) cash equivalents have increased to 85%, company reveals

Source Node: https://cryptoslate.com/tether-usdt-cash-equivalents-have-increased-to-85-company-reveals/
Time Stamp: August 10, 2021 8:33 AM - Modified On: August 10, 2021 - Published By:
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Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate.Tether’s reserves “The group’s consolidated assets exceed its consolidated liabilities,” according to the independent accountant’s report, which reviewed Tether’s latest CRR and determined that the issuer met its reserve obligations for the period that ended on June 30, 2021.“The group’s reserves held for its digital assets issued exceeds

Kraken Daily Market Report for August 08 2021

Source Node: https://blog.kraken.com/post/10551/kraken-daily-market-report-for-august-08-2021/
Time Stamp: August 9, 2021 11:31 AM - Modified On: August 9, 2021 - Published By:
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Overview Total spot trading volume at $1.07 billion, the largest Sunday trading volume since June 20th. The 30-day average is up to $843.6 million. Total futures notional at $551.6 million. The top five traded coins were, respectively, Bitcoin (-0.5%), Ethereum (-3.2%), Tether (0%), Dogecoin (-6.0%), and Polkadot (-4.0%). Livepeer was up 9.7%, most other coins were down a few percent. August 08, 2021  $1.07B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $44387. ↓0.5% $348.2M ETH $3060.9 ↓3.2% $293.6M USDT $1.0007 ↓0.01% $229.3M DOGE $0.2462 ↓6.0% $95.3M DOT $20.135 ↓4.0% $40.9M USDC $1.0001 ↑0.01% $28.7M ADA $1.4449 ↓1.9% $24.3M XRP $0.7963 ↓2.6% $20.9M LINK $23.578 ↓4.3% $8.27M LTC $151.51 ↓2.9% $7.19M ETC $58.21 ↓4.1% $6.31M KSM $221.0 ↓5.4% $5.45M DAI $1.0011 ↑0.02% $4.56M EOS $4.3441 ↓5.4% $4.02M SOL $38.42 ↓2.8% $3.8M MATIC $1.1046 ↓5.4% $3.76M SC $0.0166 ↓5.1% $3.75M BCH $564.82 ↓3.3% $3.6M UNI $27.079 ↓4.4% $3.42M FIL $66.041 ↓4.8% $3.22M XMR $261.71 ↓3.4% $3.03M MINA $2.26 ↓9.6% $3.02M XLM $0.2913 ↓4.9% $2.63M XTZ $3.2273 ↓5.7% $2.38M TRX $0.0725 ↓4.0% $2.08M SNX $9.853 ↓7.4% $2.01M KAVA $5.7398 ↓5.7% $1.99M

Ethereum’s Time Is Coming – Here’s Why

Source Node: https://coinrabbit.io/blog/ethereums-time-is-coming-heres-why
Time Stamp: December 24, 2020 2:12 PM - Modified On: May 21, 2021 - Published By:
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On December 1, an event that has been anticipated for the latest several years took place — Ethereum 2.0 went live. Its launch has been rescheduled several times, while the expectations from a new stage of Ethereum development are extremely high.  With all the advances that will be implemented in the network in the next few years, Ethereum is to drastically increase its scalability, efficiency, and security without any harm to decentralization. From a widely recognized open-source platform for DApps’ developers, Ethereum is aiming to become a pillar of the

Tether Sets New Records With $20bn+ Market Cap

Source Node: https://beincrypto.com/tether-sets-new-records-with-20bn-market-cap/
Time Stamp: December 18, 2020 1:22 PM - Modified On: May 21, 2021 - Published By:
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USDT is now also the fourth largest crypto by market cap. The news was announced in a Tweet from the company. At the time this article was written, Tether had a market cap of slightly over $20.03 billion. This is down about $10 million from its peak today, according to CoinMarketCap.  Tether has just surpassed a $20B market capitalization! This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency! pic.twitter.com/sorWjzChIo— Tether (@Tether_to) December 18, 2020 Accelerate! Tether’s market cap has

Coinbase‌ ‌to‌ ‌Offer‌‌ ‌Bitcoin-Backed‌‌ ‌‌Loans‌‌ ‌to‌ ‌US‌ ‌Customers | Bitcoin News Summary Aug 17, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-17-2020/
Time Stamp: August 17, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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 Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings. One of the largest and most regulated crypto exchanges is capping credit lines at $20,000 per customer and offering an interest rate of 8% for bitcoin-backed loans with terms of one year or less. Yam, a DeFi token, suffered a fatal Code flaw which saw about $750,000 worth of tokens get locked up permanently and irretrievably. The project launched on Tuesday and had already accumulated over half a billion Dollars