Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

controversial stablecoin tether issues new batch of usdt tokens worth 50 million

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap. Tether market cap 1 month chart. Source: Coinmarketcap Tether is now in second place after Bitcoin (BTC) in terms of highest daily trading volumes, seeing $4.2 billion in trades a day or 28.16…

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Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDT

exchanges round up goldman considers crypto custody sa exchange launches usdt

Exchanges In recent news pertaining to cryptocurrency exchanges, it has been reported that Goldman Sachs is considering exploring custody and other services pertaining to cryptocurrencies; a South African exchange has introduced Tether pairings in the hopes of driving down the local premium on crypto prices through offering arbitrage opportunities to foreign traders; and Blockex has announced that Sublime Group has started operating as a market maker on its exchange. Also Read: Philippines Building Crypto Valley of Asia Goldman Sachs Exploring Crypto Custody Services Bloomberg has reported that leading financial services company,…

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Did Tether (USDT) Really Manipulate the All-Time Price Highs of Bitcoin (BTC)?

did tether usdt really manipulate the all time price highs of bitcoin btc

Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational. CEO of Bitfinex, JL van der Velde, spoke out against the accusations last year in an emailed statement and said: “Bitfinex nor Tether is, or has…

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Crypto in April: EOS and Tether (USDT) Saw Best and Worst Movement

crypto in april eos and tether usdt saw best and worst movement

Crypto in April: April was a good month for crypto. Don’t believe us? Check out the numbers. We’ve broken down how well each coin performed for the month of April and every coin in the top 30 grew. EOS and Tether (USDT) saw the best and worst movement for the month. Can you guess which coin moved the most? Coins included in this breakdown are only those currently listed within the top 30 cryptocurrencies. All prices are taken from the historical data provided by CoinMarketCap, from the ‘opening’ price on April…

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