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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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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Asian Exchange CoinCola Expands Into The South American Market As It Partners With Dash

One of the biggest advantages of working in a digital environment is the lack of physical borders. No better example can be given than cryptocurrency trading. Today, a person from one part of the world can log on to an exchange from another part of the globe and trade with someone who is thousands of…

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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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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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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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Tether (USDT) Is Off The Hook: There Is Zero Evidence To Prove That It Was Used To Manipulate Bitcoin’s Price, Study Says

Latest research that has been conducted by Ph.D. Wang Chun Wei concluded that there is no evidence that the USDT was used as a tool to manipulate Bitcoin (BTC)’s price back in 2017. The study is called The Impact Of Tether Grants On Bitcoin, and it has been written in May 2018 and used as…

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

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…

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BCH Roundup: Markets Spike While the Community Debates Token Protocols

There’s been a lot happening this week within the Bitcoin Cash (BCH) ecosystem, and much of the community’s discussion revolves around tokenization concepts on the BCH chain. Meanwhile, the network has been running smoothly, and BCH markets seem to be reversing their trend after cryptocurrencies values were experiencing bearish sentiment for the past six months….

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WazirX adds INR/Tether [USDT] pair, P2P exchange to offset RBI ban

WazirX, an Indian cryptocurrency exchange, has launched an INR – USD Tether [USDT] pairing available for trading. This comes in the light of the ban on cryptocurrencies in India by the Reserve Bank of India. The exchange also added a peer-to-peer [P2P] transfer feature for its users in order to circumvent the ban, as only…

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Tether Double-Spend Scare Shows That Exchanges Could Be At Risk

On Thursday, June 28, SlowMist — a private Chinese cybersecurity firm — divulged a potential double-spend in the use of Tether (USDT).  The company’s initial tweet, published in Mandarin Chinese, presented a USDT transaction that had been sent to an unnamed exchange with incorrect field values. This, in effect, allows people to be credited for…

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OKEx Confirms Platform Is Safe from Alleged USDT Deposit Issue

AdChoices The cryptocurrency industry has grown tremendously over the past few years. An influx of new users has occurred, although it seems there has also been a lot more attention from criminals. As such, exchanges need to be wary of any developments which could pose a threat to their businesses. The recent USDT fake deposit…

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A Hands On Review of the New Card-Shaped Hardware Device Coolwallet S

This week news.Bitcoin.com received the new Coolwallet S — the cryptocurrency hardware wallet shaped like a credit card. As we previously reported, the interesting digital asset storage card started shipping last month so we decided to give the wallet a hands on review. Also read: North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements…

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Stablecoins: The Best of Both Worlds, But Not Without Compromises

Cryptocurrencies are notoriously volatile, preventing them from being used as mediums of exchange. However, stablecoins aim to change that, and this article discusses how. by Hunain Naseer, 1 hr ago Subscribe × Satoshi Nakamoto envisioned that “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to…

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