The rumors surrounding Tether and its USDT stablecoin continue to swirl with reports of fresh evidence proving reserves. Cryptocurrency stablecoin Tether (USDT) really does have fiat reserves equal to the value of tokens in circulation, Bloomberg claimed in a report today, Dec. 18. Citing “bank statements” it had “reviewed,” the publication became the latest source […]
Continue Reading
A new report claims the majority of the top 25 BTC trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon […]
Continue Reading
Tyler and Cameron Winklevoss have launched Gemini’s mobile crypto trading app together with a new crypto basket investment vehicle. Cryptocurrency trading platform Gemini founders Tyler and Cameron Winklevoss have launched a mobile crypto trading app together with a new investment vehicle, according to an official blog post published Dec. 11. As the post outlines, the […]
Continue Reading
A recent analysis by Diar has found that stablecoins are becoming more widely adopted, seeing significant growth in on-chain transactions. According to analysis by research firm Diar published Dec. 10, the adoption of stablecoins is growing based on the increasing number of on-chain transactions. Per Diar, four major stablecoins to date — USDC, True USD […]
Continue Reading
Major crypto exchange Bitfinex and its spin-off Ethfinex has introduced support for four more fiat-backed stablecoins. Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4. Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and […]
Continue Reading
Popular stablecoin Tether resumed deposit and redemption of USDT to fiat, while affiliate firm Bitfinex added Tether-fiat trading pairs. Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading pairs, according to announcements from both firms Tuesday, Nov. 27. Tether announced the direct redemption […]
Continue Reading
Binance has announced it is renaming and expanding its USDT market to USDⓈ, which will support more stablecoins. Major cryptocurrency exchange Binance has renamed its Tether (USDT) Market to be a combined Stablecoin Market (USDⓈ), according to an announcement published Nov. 26. This will purportedly allow the exchange to support more trading pairs of stablecoins. […]
Continue Reading
A new report from weekly crypto outlet Diar suggests that even as the crypto market crashes, traders are not taking “a punt on the bargain,” and trading volumes are down. A new report from weekly crypto outlet Diar published Nov. 26 states that trading volumes on major exchanges have dropped substantially. Diar’s data, sampled from […]
Continue Reading
OKEx denies any wrongdoing during the BCH hard fork. Last week, OKEx exchange faced negative publicity and accusations of marketing manipulation after adjusting Bitcoin Cash (BCH) futures settlements during the notorious hard fork. On November 20, the exchange responded to those allegations, essentially defending its decision and promising to provide evidence if the case goes […]
Continue Reading
The U.S. DoJ has focused in on its investigation into whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices during last year’s bull run. The U.S. Department of Justice (DoJ) has focused its investigation crypto market manipulation on whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices […]
Continue Reading