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

post-img

Read More

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?

post-img

Read More

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…

Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH

post-img

Read More

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…

Bitcoin Plunges to $5400: 12 Month Low, Market Sheds $25 Billion

post-img

Read More

Bitcoin hits a historic 12 month low of $5400. The pre-eminent cryptocurrency has cratered 11 percent just within the last four hours. The enormous drop in price appears to be driven by major Bitcoin and derivatives exchange BitMEX, representing 34 percent of 24-hour market volume. The bear market continues. Following the hysteria experienced during the…

Tether Clears Air with New Banking Partner and Balance Sheet

post-img

Read More

In an apparent attempt to bring an end to USDT’s unrelenting solvency saga, Tether Limited has procured a new banking partner and laid bare its “portfolio” reserves in an account statement dated Oct. 31. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited https://t.co/LSn64soUsC .…

The Daily: Tether Regains Ground, Coinbase Does Dublin

post-img

Read More

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

post-img

Read More

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…

Exchanges Round-Up: Coinbase to Hire 130, EF Hutton Backs Acex Exchange

Exchanges Round-Up: Coinbase to Hire 130, EF Hutton Backs Acex Exchange

Read More

In cryptocurrency exchange news, Coinbase plans to hire 130 additional staff at its New York office by the end of 2019, a recently announced exchange which will be backed EF Hutton has declared that it will launch before January 2019, and Digifinex has announced that it will replace its USDT pairings for TUSD. Also Read: Growing…

Gemini Dollar Code Review Reveals the Stablecoin’s Accounts Can Be Frozen

post-img

Read More

This week a blockchain researcher named Alex Lebed published a code review on the new stablecoin, the gemini dollar, created by the Gemini Trust cryptocurrency firm. According to Lebed’s study, gemini dollar accounts can be frozen by the exchange, and the tokens can be turned into non-transferable assets. Also read: Markets Update: Short Term Recovery – Is…