Tether Replaces EOS to Become 4th Largest Crypto, Shows Market is Very Weak
-Bitcoin news, price, information & analysis Stablecoin Tether (Ticker: USDT) has replaced EOS to become the fourth largest cryptocurrency by market capitalization, showing weakness in crypto markets. The inclination follows the cryptocurrency market?s depressive performance this Monday. Over the last 24 hours, the price of all the top coins, including Bitcoin, Ripple, Ethereum, and others, trended in a negative region. Similarly, the value of EOS, Bitcoin Cash and Litecoin also slipped heavily on a 24-hour basis. Tether Chart on CoinMarketCap.com In contrast, Tether?s USDT traded at around $1.01 and the stablecoin saw appreciation in its market capitalization. At 1700 GMT, it was $2.04 billion, up 20% from its Monday low at $1.69 billion. This item was retrieved by us on January 28, 2019 9:09 PM. Have a look at www.newsbtc.com for more from this source.
Tether | Tether Coin | USDT to USD | Tether USDT | Info.binance.com
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency. USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process. In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals. This data was discovered by us on January 17, 2019 2:50 PM. Have a look at info.binance.com for additional posts.
What is Tether Beginners Guide to USDT Information & Controversy
Cryptocurrency News & Your Guide to the Blockchain Economy If you got into cryptocurrencies in 2017, there?s virtually no way you didn?t hear about Tether (USDT): the good, the bad, and the ugly. Indeed, the ?stablecoin,? so called because a single tether token is designed to maintain the same value regardless of whether the crypto markets are up, down, or sideways, has had a dramatic year to say the least. Today, then, we?re going to be walking you through Tether. What it is, and why it?s generated so much attention over the past several months. Tether is an Ethereum-based ERC20 token that?s billed as the ?U.S. dollar token.? That?s because each tether is said to be pegged to fiat reserves 1:1, with these reserves being maintained in as-yet undisclosed bank accounts under Tether Limited?s control. Tether Limited, of course, is the organization heading up the token project. This item was first seen by us on January 17, 2019 2:38 PM. Browse blockonomi.com for more.
Bitcoin prices could be 40% lower because Tether propped it up Quartz Search Logged out Latest Featured Obsessions Emails Editions
Learn more about our mission, values, culture, and staff. Join our global team of smart, curious, and kind colleagues. Let us know if you have feedback, questions, or ideas. How we use, protect, and give you control of your data. What you need to know about using our products and services. We take our integrity seriously. Read more about how. The important stories of innovation across the continent?s wide-ranging economies In-depth coverage of the world?s largest democracy for India and its far-flung diaspora Lifestyle, culture, and living well in the new global economy Management news, advice, and ideas for business leaders This article was found by us on January 16, 2019 4:33 PM. Visit qz.com for more from this source.
Bitcoin Price Manipulation: Tether Inflate Cryptocurrencies | Money Close
Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers indicating that Bitcoin prices were manipulated last year?when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a ?concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.? This share was obtained by us on January 16, 2019 2:35 PM. Have a look at time.com for more from this source.
[Analysis] Over the last 30 days 30.7 % of the combined estimated transferred value of Bitcoin and USDT may be attributed to Tether
In 2015 Tether created TetherUS tokens to represent US Dollar as digital token. It has become the dominant ?stable coin? in the cryptocurrency space and it?s one of the most active tokens using our platform. The TetherUS tokens were one of the first 50 created digital tokens on the Omni Layer. It was created as token with manageable supply. With this token type, an issuer can increase or decrease the number of outstanding units. Whenever there is more demand for TetherUS tokens, the issuer can grant new tokens and when tokens are converted back into USD, tokens can be revoked and destroyed. This has happened on regular basis, as indicated by TetherUS? ever changing market capitalization. This information was retrieved by us on January 15, 2019 11:14 AM. See medium.com for more from this source.
Tether's USDT the blacksheep of crypto market because of 2017 False BTC Pump .
Get the best viral stories straight into your inbox before everyone else! No featured entries match the criteria. For more information please refer to the documentation. Tether is the blockchain system that always stabled for blockchain technology and digital currency and you can convert your cash into tether system. if you evaluate the tether graph in the previous history you feel that this coin is drunk when the blood reverse observed in bitcoin price from $18000 to $3600 this coin price did affect its price is circulating around specific digits and it shows an amazing management, the price of the coin was from $0.99 and $1.02, And currently this coin listed in top markets as on ranking 7.with Market Cap $1,968,200,187 USD (549,667) BTC , With random evaluation we icoviral. today expert found their 24hr volume on dated 12-Jan-2019 of $3,669,537,962 USD (1,024,806 BTC) and this indicates a great engagement in the system, Circulating supply of this is 1,928,363,199 USDT with the total supply of 2,580,062,243 USDT, This article was first found by us on January 14, 2019 5:09 PM. Browse icoviral.today to find more similar content.
Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether
Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project?s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On Friday, an application called Sideshift.ai was used to demonstrate a bitcoin core (BTC) to tether (USDT) swap using the Lightning Network. Also Read: A Look at Some of the ?Next Generation? Bitcoin Mining Rigs Available Today Jan. 11 saw a demonstration of Sideshift.ai, an application that allows users to swap cryptocurrencies between chains. Sideshift was first revealed last year by Andreas Brekken among the suite of applications he created for the Drivechain project. Brekken is the chief executive officer of the review site Shitcoin.com and the infamous coder who once held the most BTC ($220,000) on the Lightning Network last year. The Sideshift platform allows people to convert coins for a small fee with a processing time of under five seconds. This article was retrieved by us on January 13, 2019 2:08 AM. See news.bitcoin.com for more similar content.
Tron (TRX) Edges out Tether (USDT) From the Number 8 Spot. Is Stellar (XLM) Next
The Tron cryptocurrency clearly has the momentum in the crypto markets as we complete the second week of 2019. Only days ago, TRX edged out Bitcoin SV (BSV) from the number 9 spot on coinmarketcap.com. On that day, TRX?s market cap stood at $1.558 Billion. Further checking coinmarketcap.com we find that its market capitalization has risen to $1.942 Billion. This has allowed it to edge out Tether (USDT) from the number 8 spot by a margin of approximately $20 Million. A screenshot of the market performance has been provided below for a better visualization. On the 3rd of January news broke that the peer-to-peer file sharing network of BitTorrent will be launching its BTT token on the Tron network. The BTT tokens will allow users of the platform to exchange the tokens to improve the speed of the BitTorrent Network. The project?s whitepaper further explains that the token will be a TRC-10 token. (TRC-10 is a technical token standard supported by TRON blockchain natively, without the TRON Virtual Machine). This item was found by us on January 09, 2019 9:47 PM. Browse ethereumworldnews.com for complete listings from this source.
Bloomberg report suggests Tether has the necessary fiat collateral - The Block
The question of whether Tether, the largest stablecoin by market capitalization, has the billions in USD to back up its cryptocurrency is something that has long hung over the nascent crypto industry. Those concerns might be "unfounded," a Bloomberg News report finds. Reviewing statements outlining the cash in the company's accounts over four months, Bloomberg found Tether essentially had a dollar for every USDT on the market. The authenticity of the documents was confirmed by a government official. "For example, one statement shows $2.2 billion was in Tether?s account at Puerto Rico?s Noble Bank Ltd. on Jan. 31. That same day, 2.195 billion Tethers existed, according to data compiled by Coinmarketcap.com," the report noted. This data was retrieved by us on January 08, 2019 10:05 PM. Browse www.theblockcrypto.com for complete listings from this source.
Is a Tether bank run underway - The Block
Market observers are speculating about a run on Tether as its price is nearing $0.92 on Kraken after trading for less than $0.99 for a week. If the situation continues to degrade, the collapse of the so-called stablecoin could follow, industry insiders say. And the risk that poses to the value of other cryptocurrencies, a concern expressed about Tether for some time, could come to fruition. Tether plays an important role in the cryptocurrency ecosystem: it makes up about 98% of all the stablecoin volumes and accounts for approximately 92% of all stablecoins in circulation. Tether was created on a simple premise of issuing tokens that will always be redeemable for U.S. dollars. The company, affiliated with Bitfinex, promises to hold the corresponding reserves in bank accounts subject to frequent professional audits. In January, Tether dissolved its relationship with audit firm Friedman LLP and in July, Tether released a report by a law firm Freeh, Sporkin & Sullivan LLP attesting to USD reserves held on just a single day. Tether?s general counsel told Bloomberg: ?The bottom line is an audit cannot be obtained. The big four firms are anathema to that level of risk.? This article was discovered by us on January 08, 2019 10:02 PM. Visit www.theblockcrypto.com for more from this source.
Bitfinex introduces margin trading for Tether - The Block
Bitfinex announced Friday that it will open margin trading for USDT/USD pair "improving [their] stablecoin offering in line with market evolution and consumer demand." Bitfinex said that the addition of margin trading allows for more efficient price discovery but it will also allow traders "to hedge the exposure taken on stablecoins." Tether will also be available as collateral for margin positions. In late November, Tether reopened direct redemption on Tether's website while Bitfinex added USDT/USD pair for the first time. In early December, Bitfinex added USDC, TrueUSD, Paxos, and Gemini dollar. The company said that there are plans in place to introduce margin trading for other major stablecoins "when sufficient liquidity is reached" as part of the commitment to providing a coin agnostic platform. This article was discovered by us on January 08, 2019 10:01 PM. You may want to visit www.theblockcrypto.com for more from this source.
Paxos and TrueUSD trades at a premium against Tether - The Block
A week ago, Binance listed PAX/USDT pair, which now allows customers to directly convert Tether, an unregulated stablecoin, to Paxos, a regulated stablecoin that is approved by New York State Department of Financial Services (NYDFS). Binance also lists TUSD/USDT pair, which lets people directly trade Tether for TrueUSD. TrueUSD is administered by an entity that is registered as MSB by FinCEN. Unlike Tether, both Paxos and TrueUSD are redeemable 1:1 for the U.S. dollar and the reserves are frequently attested by auditing firms. Around 1 am UTC, both PAX/USDT and TUSD/USDT pairs saw a sudden uptick in price, which led to both Paxos and TrueUSD trading at as much as 4% premium. This comes at a time when rumors are emerging that Bitfinex, and its affiliated firm Tether, could face insolvency amid reports that its reported banking partner Noble International was no longer working with the firm. On Monday Bitfinex strongly refuted these claims saying: ?Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this.? While it is rumored that Tether has struck a relationship with Deltec Bank based in The Bahamas, it is still unclear at which bank Tether is currently holding its reserves. This entry was retrieved by us on January 08, 2019 9:58 PM. Visit www.theblockcrypto.com for additional posts.
The top 10 Tether holders - The Block
Tether (USDT) is back in the spotlight this month, as the fiat-backed stablecoin continues to lose its peg to the U.S. dollar. Last week The Block was the first to report that Bitfinex, the cryptocurrency exchange widely associated with printing Tether, was suspending all fiat deposits. As such, we at The Block decided to a look at the top Tether balance and the exchanges that are most likely to be affected in the case of a bank run of Tether. © 2019 The Block. All Rights Reserved. This information was obtained by us on January 08, 2019 9:51 PM. Visit www.theblockcrypto.com for more similar content.
Exchange volume for Tether sees all-time high - The Block
Tether (USDT), the controversial stablecoin issued by Tether Limited, has experienced its highest exchange volume since first being issued in 2015. According to data from CoinMetrics.io, on December 20, 2018, USDT had over $6.9B in exchange volume. The increase in exchange volume may hint at a return in trader confidence for Tether. On Tuesday, Bloomberg published a report suggesting that Tether Limited has the necessary USD collateral to back up its stablecoin. In November, Tether Limited reopened account verification and direct fiat redemption features for its traders. Bloomberg report suggests Tether has the necessary fiat collateral This item was retrieved by us on January 08, 2019 9:51 PM. Browse www.theblockcrypto.com for additional posts.
Euro In Disguise As Digital Currency. Tether Launches EURT
Tether announced the launch of a new crypto euro-coin EURT, issued on the Omni Layer protocol. The new decentralized coin allows the transfer of digital assets priced in USD into Euros cheaper over the Bitcoin Blockchain. According to Tether, the platform introducing fiat currency to the Blockchain, EURT is fully backed by a banking trust in Taiwan on a 1:1 basis of deposits to coins issued. The new Tether Euro coin can be credited via SEPA transfers on OpenLedger, while Coinsbank will enable debit card payments for holders of Tether EURT. Moreover, EURT/USDT trades are available on OmniDex with liquidity of 0.05% of each trade. This posting was first seen by us on January 08, 2019 9:26 PM. Visit coinidol.com for complete listings from this source.
Bitfinex Secures an Account with Deltec Banks, Tether Still Unpegged
Bitfinex has today announced ?distributed banking? to presumably try and hide bank details from the public after they?ve seen a number of bank account closures following a banking blockade last year. They say: ?A user wishing to initiate a fiat deposit on Bitfinex will create a deposit request to signal interest in completing a deposit. Through this deposit request, a user will be able to specify the exact amount and currency which they wish to deposit. Following an account review (which may take up to 48 hours), the user will receive a deposit notification which will include, among other things, bank details specific to the individual?s transaction. This information was retrieved by us on January 08, 2019 8:53 PM. Visit www.trustnodes.com for additional posts.
Why Has Tether's Printer Suddenly Gone Silent
After printing almost a billion dollars in January alone, Tether (USDT) has suddenly gone very quiet, printing none at all since the 23rd of January, eleven days ago. That?s probably the longest period they have gone without printing since they started issuing Tethers en-mass, but why did they suddenly stop? On the 30th of January it was reported CFTC had subpoenaed Tether, with that report initially stating it was ?last week.? The source of that news appears to be an individual from Tether or Bitfinex because Bloomberg said the person ?asked not to be identified discussing private information.? CFTC then later revealed the subpoena had been sent on the sixth of December, with many arguing this was old news and as tether had printed since the sixth of December, it was unaffected. This information was discovered by us on January 08, 2019 8:47 PM. See www.trustnodes.com to find more similar content.
Tether Starts Printing Again, $300 Million Freshly Minted
Tether has surprisingly begun issuing new tokens once more, with $300 million USDT printed yesterday. That?s around two months after their printer went silent and after CFTC sent them a subpoena for an investigation that was seemingly received on Janury 23d, the day the printer went silent. This isn?t the first time tether has printed after January the 23rd. They issued around $30 million on January the 31st, but then revoked it a day after. Then on March the 12th they froze around $5 million USDT. The newly issued $300 million has not been revoked hours after it was issued, so it might be the case the printer has just been turned back on. This entry was discovered by us on January 08, 2019 8:25 PM. See www.trustnodes.com to find more similar content.
Tether Crashes, Bitcoin Rises
Tether has fallen to its lowest level ever since it was invented in 2015, reaching $0.85 to the dollar around 7:50 AM this London morning. Within a period of about one hour starting at around 6:30 AM London time, the dollar pegged token went from $0.96 to circa $0.85. It stayed there for about ten minutes, then slightly recovered to $0.9, with it currently standing at circa $0.95 at the time of writing. That has sent tether?s trading volumes up to now $4.5 billion, more than doubled since yesterday?s $1.9 billion. It has also sent Bitfinex scraping for an answer to reassure markets which may be on the verge of losing confidence in tether. Bitfinex said: This post was obtained by us on January 08, 2019 8:24 PM. See www.trustnodes.com for complete listings from this source.
Tether Prints 250 Million USDT
Tether, the centrally issued crypto-token that is meant to be backed 1:1 to a dollar, has just issued $250 million more yesterday for the first time since May. Tether?s market cap should now increase to nearly $3 billion, putting it in the top ten cryptos, above Monero, Dash and perhaps Tron. They are primarily held by exchanges, Binance chief among them with nearly a billion worth of Tether, while Huobi has some 350 million USDT. That means this fiat token is in many ways primarily brought into circulation by exchanges. When more people want USDT than exchanges have, those exchanges in question give Tether a lot of real dollars for USDT tokens. This post was first seen by us on January 08, 2019 8:23 PM. Visit www.trustnodes.com to find more similar content.
Bitfinex and Tether Close New Accounts Registration, No Longer Accept New Users
One of crypto?s biggest exchange has suddenly temporarily closed new accounts registration without making any announcement to the effect. When you try to create a new account, you are met with a screen which basically says that you can not sign up. Their justification appears to be a desire to provide a better service to professional traders, however we have not heard any complaints about Bitfinex?s trading engine, while it appears there are complaints about almost everything else. They have said a number of times they are under DDoS and apparently one DDoS method used, and a seemingly unstated reason for suspending registration, was new accounts creation. This posting was found by us on January 08, 2019 8:21 PM. Browse www.trustnodes.com for additional posts.
Tether (USDT) | CryptoSlate
CryptoSlate does not endorse or recommend any single cryptocurrency. Please read our Coin Listings Disclaimer. Converts cash into digital currency, to anchor or tether the value to the price of national currencies. Accounting system for cryptocurrency portfolios Scalable token transfers for Ethereum System for recording debits and credit between entities Tokenized real estate ownership Your email address will NEVER be shared, rented or sold and you can unsubscribe at any time. CryptoSlate is a hub for cryptocurrency researchers and blockchain enthusiasts ? featuring industry news, crypto prices, a product database, company directory and blockchain events. Learn more ? This article was found by us on January 08, 2019 6:17 PM. Browse cryptoslate.com for more.
Bitcoin Continues to Trade at Premium on Bitfinex After Tether Crash
Bitcoin [BTC] technical analysis for 16th October 2018. Bitcoin trading on low volume since yesterdays sharp increase and retracement. Bitcoin is trading at a 4-5% premium on Bitfinex after the USD-pegged stable coin USD Tether (USDT) crashed. USD made a move down to a low of 0.85 but has since retraced to 0.955, decreasing the premium seen on Bitfinex. Bitcoin is trading around $6450 on Coinbase. After a sharp increase yesterday, today?s candle is forming a doji. A doji is a candle with little or no body showing some indecision in the market. The price action is back trading within the triangle which has been forming since January. With a sharp move down after occurring last Thursday and a large increase yesterday, Bitcoin is back to a neutral outlook after failing to follow up on either of these breakouts. The volume has reduced back down, and the RSI is trading around 50 showing equal pressure from buyers and sellers. This item was first seen by us on January 08, 2019 4:21 PM. Visit blokt.com for more from this source.
New crypto exchange looks to lure traders with Tether futures - The Block
A new crypto derivatives exchange is launching with a variety of financial products, which its CEO hopes will draw large proprietary trading shops deeper into the market. CoinFLEX, a spin-out of U.K. crypto exchange Coinfloor, announced its Tether futures product late Sunday evening. This will allow traders to essentially hedge their holdings of USDT or make a bet on the future price of the stable coin. It?s a product that traders in Asia have been clamoring for, according to Mark Lamb, chief executive officer of the Hong Kong-based firm. He also said it could be a big money maker for the newly launched subsidiary, which previously operated under the name CoinfloorEx, and which is set to start trading in February. This information was retrieved by us on January 07, 2019 2:50 PM. See www.theblockcrypto.com for more.
Tether claims Deltec Bank media reports part of campaign against USDT | BCFocus
Allow to send web push notifications to your desktop. In a recent interview, Tether spokesperson Kasper Rasmussen claimed that there exists an ?organized campaign? against the popular stablecoin. According to him, all reports related to Deltec Bank accepting ?suspicious? transactions are part of the campaign. It was previously reported that Brazilian law enforcement had asked for Bahamian authorities? help in investigating suspicious transactions to the Bahamas-based Deltec Bank & Trust, Brazilian daily O Globo reported early in November. Rasmussen told cryptonews that these reports contain ?misinformation? that is being spread to malign the image of Tether after the it announced Deltec Bank as its banking partner. ?We have clearly demonstrated to all parties that we have the funds we say we have at various points,? he asserted. This piece was found by us on January 06, 2019 8:31 PM. Check out bcfocus.com for complete listings from this source.
Tether Generates Another $250m Worth of USDT Tokens - Toshi Times
Already surrounded by controversy, the Tether stablecoin has minted an additional $250 million worth of its USDT coins. The creation of large amounts of Tether tokens has been a topic of heated debate in the crypto community in the past and it is sure to ignite some controversy this time as well. Many believe that such USDT token influxes have a direct impact on the price of the two biggest digital currencies ? bitcoin and ethereum. Following the creation of USDT tokens, bitcoin?s price gained around $150 in 20 minutes while ethereum rose by $20 in the same time frame. Similar price movements have been observed in the past cases of USDT token printing, thus there is speculation that new token introduction is a clever way to artificially increase cryptocurrency prices. However, there is no empirical proof supporting this theory yet. The most recent artificial influx of USDT was on March 20th when $300m of tokens were printed. This post was first seen by us on January 06, 2019 6:29 PM. Check out toshitimes.com for complete listings from this source.
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