New Evidence Suggests Tether Does Not Have the Dollar Reserves It Claims

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Reports from the Central Bank of the Bahamas indicate that Tether Ltd. may have never deposited funds into the country. These findings could suggest that Tether may be holding their reserves elsewhere, or not have any reserves at all. In either case, the results could be catastrophic for the cryptocurrency markets. Investors have become increasingly…

Bitfinex Has Enabled Margin Trading for Tether?

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Strangely enough, the cryptocurrency exchange Bitfinex has introduced margin trading for Tether’s controversial stablecoin, USDT. The purpose of USDT is to trade at parity with the dollar, providing the stability of the dollar with the utility of a cryptocurrency. In an unusual announcement, Bitfinex has introduced a feature to enable margin trading, the process of…

Bitcoin Shorts Reach ATH, is a Short Squeeze Incoming?

Bitcoin Shorts Reach ATH, is a Short Squeeze Incoming?

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Bitcoin has continued to plunge since January 2018, with no respite in sight. Bitcoin shorts reached all-time highs on BitMex and other exchanges which offer derivatives. That said, a phenomenon called a ‘short-squeeze’ could score a savvy trader a tidy profit. An oft-ignored, yet blaring feature of the cryptocurrency markets is the trading action on…

The Daily: Tether Regains Ground, Coinbase Does Dublin

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Today’s edition of The Daily starts where Monday’s left off: by looking at the latest on Tether, whose stablecoin anchors so much of the cryptoconomy. In related news, we detail Bitfinex’s banking situation and reveal why Coinbase has chosen Dublin to be its European headquarters. Also read: Tether Sheds Its Peg Tether Regains Ground The…

The Fall of Tether and What It Means for the Cryptocurrency Markets

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The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the…

Ethereum Surges 33% Within 4 Days, Will ETH be Able to Sustain Momentum?

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ETH, the native cryptocurrency of the Ethereum blockchain network, has surged by more than 33 percent in the past 4 days, despite the expectations of investors for ETH to continue its downtrend below the $200 support level. Since Sept. 12, the price of ETH has increased from $167 to $223, achieving a monthly peak at…

Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

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A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote.…

Introduction to Litecoin – Digital Silver

Introduction to Litecoin – Digital Silver

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Litecoin is a persistent frontrunner in the payment cryptocurrency race. With technological limitations, many Bitcoin (BTC) investors have shifted to Litecoin (LTC)—an open-source fork of Nakamoto’s original cryptocurrency with founder Charlie Lee. As a faster, cheaper version of Bitcoin, Litecoin is nearly technically identical to BTC, but with distinctive fundamental differences. Litecoin strives to rival Bitcoin as…

Markets Update: SEC Adds a Brief Market Spike — But Will It Last?

Markets Update: SEC Adds a Brief Market Spike — But Will It Last?

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Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is…

ShapeShift Co-Founder: US Crypto Regulation Worsening

ShapeShift Co-Founder: US Crypto Regulation Worsening

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The U.S. SEC and other government agencies are taking action to increase regulatory scrutiny of cryptocurrencies. At MoneyConf 2018 in Dublin, anonymous COO and co-founder of ShapeShift shared thoughts on the changing regulatory landscape of cryptocurrencies in the U.S. ShapeShift Hacked for 315 Bitcoin in 2016 Popular digital asset exchange, ShapeShift launched in 2014 to…