Bitcoin Averts Slaughter, Let the Clubbered Tether Burn. Burn Clubbered Tether… Burn!

A 500 million token Tether burn has been undertaken over the past week by Tether Ltd, as investors flee the besieged stablecoin in the face of mounting concerns over USDT and the emergence of more transparent alternatives. The Stable, the Stable, the Stable’s on Fire… In the past week, Tether Ltd has burned 500 million…

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Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist

Pop over to CoinMarketCap and check Bitfinex’s page. You’ll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writing – is USDT/USD: the tether stablecoin, which aims for parity with the U.S. dollar, and the U.S. dollar itself. From…

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The Rise and Fall of Tether – What Do the Experts in China Say?

Tether (USDT) has been prominent in media headlines lately. At issue is how stable and secure the token, a USD-pegged crypto-asset supposedly backed by dollar reserves, really is. BitKan’s K Site (accessible via the mobile app) offers a number of opinions from key opinion leaders (KOLs), influencers and other experts from the Chinese market. Read…

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Paxos Standard Approaches Tether in the Stablecoin Race with the Market Cap Making over $41M

Photo: PaxosGlobal / Twitter With the development of digital technologies, investors have more and more opportunities to pump money into various projects. Currently, the crypto market sees the growing interest in stablecoins — cryptocurrencies pegged to a stable asset, such as gold or fiat currencies. While not any exchange is ready to trade this kind of currency, some…

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Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On Oct. 15, some market participants dumped stablecoin…

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FX Traders Flee Offshore, Tether Still Unstable: Best of the Week

UK derivatives broker to open office in Chicago IG Group, a British financial derivatives broker, has received regulatory approval from the National Futures Association, the self-regulatory organisation of the US derivatives market. It made its application in October 2017. Join the Leading Industry Event! The firm intends to open an office in Chicago in the…

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Reklamy na FB i eholiday oraz korelacja Bitcoin do Tether oraz ICO Eterbase

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Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT 00 holders reveal Bitfinex, which shares a CEO with Tether’s…

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Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the…

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A Tether Copycat Appears in Romania

Bitcoin Romania, the company providing the most comprehensive exchange services for BTC and ETH in the country, just released a Tether copycat for the nation’s fiat currency. While most of the world endeavors to use Tether (USDT) as the stablecoin du jour, a company in Romania decided to present a different approach for people inside…

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Huobi Unveils New 'All-in-One' Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great…

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The Daily: Peak Blockchain and Stablecoin Drama

Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance…

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Gemini Stablecoin Volume Doubles on Top 10 Exchange Amid Tether Turmoil

When the Tether (USDT) stablecoin’s $1 peg broke down on Monday, traders looking for another dollar equivalent they could easily move between cryptocurrency exchanges had few other places to turn. One of those places was Bibox, the ninth-largest exchange by 24-hour adjusted volume, according to CoinMarketCap, which accounts for basically all trading – 96 percent…

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Dumped! HSBC Cuts Ties With Bitfinex

HSBC has dumped Bitfinex unceremoniously after learning the company it thought it had established a banking relationship with, Global Trading Solutions, was affiliated with Bitfinex and doing its banking on the controversial exchange’s behalf. Explaining the Fiat Deposit Problems In anticipation of the potential collapse of Puerto Rico-based Noble Bank International, Bitfinex took its banking…

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Bitcoin Payment Processor BitPay Introduces USDC and GUSD Stablecoin Settlements

Photo: BitPay / Twitter Stablecoins, or cryptocurrencies pegged to a stable asset, such as gold or fiat currencies, are causing numerous discussions. While crypto markets remain incredibly volatile and unpredictable by nature, stable coins were designed to remain the same. However, they can be prone to failure due to volatility and upkeep required in many cases. Tether(USDT), the largest stablecoin by market capitalization,…

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Bitfinex Responds To Insolvency Rumors

After dissolving its relationship with Noble Bank, rumors swirled about Bitfinex’s imminent implosion. The exchange has now responded to the rumors. Last week, rumors about the possible insolvency of exchange Bitfinex quickly followed reports that Noble Bank International, the Puerto Rican institution that counted Bitfinex and Tether among its clients, was looking for a buyer….

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Bitfinex Moves to Quash Insolvency Rumors

  Hitting back at recent media reports, cryptocurrency exchange Bitfinex has ensured users of its good financial standing.   Hong Kong-based cryptocurrency exchange Bitfinex has addressed recent media reports to deny circulating insolvency claims and Noble Bank-related issues while also ensuring investors that its trading operations continue as normal. Rumors of the potential collapse of…

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Bitfinex Strongly Refutes Insolvency Claims

Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” asserts a…

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London Block Exchange Announces New Pound-Pegged Cryptocurrency

London Block Exchange (LBX), a cryptocurrency exchange platform based in London’s Canary Wharf, has announced its plan to release its own cryptocurrency – a stablecoin linked to the pound sterling. Tied to the mast According to the company blog, LBXPeg (as the coin will be called) is required because current stablecoins are inadequate due to…

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London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would…

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