The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether. Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.
Brock Pierce, the serial entrepreneur and co-founder of Tether (the stablecoin), is now a U.S. Presidential candidate, and will be one of the many angling to contest with President Donald Trump this November. He will be running as an independent. Brock Pierce To Run for President Brock will be campaigning, convincing citizens for votes with
As the world’s largest stablecoin, Tether [USDT] is so close to hitting a market cap of $10 billion, the founder of NEO suggested the possibility of stablecoin dethroning the United States Dollar. US Could Scrutinize USDT By 2022 Cryptocurrencies have come a long way from being labeled as an instrument of illegal activities to widely
Malta-based cryptocurrency exchange, Binance announced its latest trading pairs. The platform has extended support for the Ukrainian hryvnia [UAH]. Binance And Ukraine Go Way Back The largest cryptocurrency exchange, Binance has managed to maintain its spot in the headlines as well as CoinMarketCap’s list of top cryptocurrency exchanges. Almost every day, the platform releases an
Bitfinex and Tether continue to face trouble as the platforms have been slapped with an updated lawsuit for the 2017 crypto market manipulation. Along with formerly accused, two other popular exchanges, Poloniex and Bittrex have been accused of participating in the manipulation in the amended lawsuit. Poloniex And Bittrex Join The List Recently, the largest
Hong Kong-based cryptocurrency trading platform, Bitfinex revealed that stablecoin Tether [USDT] has been integrated into the OMG Network. Tether Finds Shelter at OMG Network Bitfinex’s latest move was put into action in order to diminish confirmation times while making sure that users engage in faster payments with more economical transaction costs. The platform assures
On Friday, Coinbase Custody rolled out support for Ethereum-based USDT (Tether). Currently, it supports three stablecoins USDC, DAI and Compound USD. ‘Coinbase effect,’ is a popular term in the crypto markets to explain the rise in the price of cryptocurrencies on the exchange listing. In the last 10 days, the addition of two cryptocurrencies MakerDAO
Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.
Ethereum [ETH] adoption via stablecoin and DeFi has been driving the bullish sentiments. Moreover, the on-chain is also in an uptrend which further strengthens its fundamental value. However, analyst and founding partner at Primitive Crypto, Dovey Wan, points out that in reality the demand could be inflated. Ironically enough, a lot of the inflated on-chain
Could this be a signal for a bullish momentum on Bitcoin’s (BTC) or altcoins’ market? According to reports from Whale Alerts, a crypto data aggregator, over $70 million worth of Tether (USDT) stablecoin moved from the Tether Treasury to Binance exchange. The big movement of USDT to exchanges usually signals a possible oncoming uptrend in
The total market capitalization of USDT overcomes that of XRP becoming the third largest cryptocurrency on CMC. Moreover, the combined market capitalization of USD stablecoin has risen over $10.3 billion. The sell-off in the cryptocurrency markets. yesterday, caused a rush to USD as the demand for stablecoins rose considerably. The total USDT on crypto exchanges
Two months to the launch of ETH 2.0, statistics reveal that the Ethereum network, slow as it is, now secures over $7 billion worth of stablecoins. Stablecoins are digital currencies tailored to minimize the effect of price volatility since digital assets are well known for their fluctuations. Technically, stablecoins act as a unit of account
It’s the homestretch for Bitcoiners. The network will in approximately four hours halve their miner rewards from 12.5 BTC to 6.25 BTC in a seismic turbulence that, if forthcoming events sync with history, will massively bulwark the network and even bolster the demand for the world’s most valuable digital asset—BTC. As the trading and investment
Up-to five percent of Bitcoin market cap is held in the most capitalized stable coin in the crypto scene, USDT. US Dollar Tether, USDT, is many things. It is a sentiment indicator which is closely watched when cryptocurrency—and especially Bitcoin, peaks or bottoms. The coin is also a safe haven. For simple reasons: Tether is the
Tether prints another 120 million USDT to its inventory as the total amount of USDT issued now equals $6,803,667,043.90. Reportedly, the global demand for the US Dollar is manifesting itself via Tether, as Chinese crypto exchanges dominate deposits. USDT (Tether) total market capitalization is now up more than 40% since March. The trend has been consistent
New data reveals that there is over $7 billion worth of stable coins held at different exchanges. The number is up $1.5 billion in the last trading month. This observation is interesting and bullish for crypto traders or investors. For spot and swing traders looking for entry opportunities, less than 40 days before a decisive
The amount of stablecoins witnesses nearly a 30% rise since the beginning of the month. USDT (Tether) has alone increased from $4.8 billion to over $6.19 billion since March 1, 2020. We notice that the metrics on CoinMarketCap and TradingView might be wrongly reporting the data, missing one of the networks on which USDT is issued. Bitcoin
OKEx exchange announces addition of ten USDC crypto pairs including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Following a successful start of the year, can Circle’s stablecoin challenge Tether (USDT) as the top stable crypto? On Monday, March 23, 2020, one of the largest crypto exchanges, OKEx announced the addition of top 10 crypto to
Bitcoin (BTC) may be up five percent at the time of press, but one trader is predicting doom. In his preview, prices may end up rallying to between $6,200-400 zone before dropping to $4,200. But that is even “before we can state anything about a bottom,” he adds. “The markets are bouncing a little, which
In the last 48 hours, $180 million worth of Tether (USDT), a stable coin, has been printed, a development which analysts say is a net positive for Bitcoin and crypto. Over the last trading month, prices of leading assets, including commodities and stocks, have plunged as the world was slowed down because of coronavirus pandemic.