online resources

What Could Happen If Regulators Shut Tether Down? Analysis

In case regulators decide to stop Tether, what could happen on the market and to the investors? Let’s find out in our Tether news today. Bitcoin as a cryptocurrency is extremely connected to Tether and ever since it became tradeable back in 2015, Tether has occupied a huge part of the BTC market but also a part of the wider crypto ecosystem. USDT is the third-biggest token by market cap and it is pegged 1:1 to the US dollar by providing an on-ramp and safe haven for millions of traders. With Tether already facing legal actions, what could happen if…

Continue Reading What Could Happen If Regulators Shut Tether Down? Analysis

Tether Could Overtake ETH By 2021 And Here’s Why

Tether could overtake Ethereum by 2021 according to analysts and reports that we have in our crypto news today. Tether which is the world’s biggest stablecoin by market cap could reach a valuation higher than Ethereum in 2021 according to the latest issue of Bloomberg’s crypto market outlook report that was released earlier this month. The trend was intercepted by the institutional shift towards and the demand for stable coins in the crypto sector and the governments across the world are considering their own-state-backed crypto assets which can increase the demand for USDT so Tether could overtake ETH by 2021.…

Continue Reading Tether Could Overtake ETH By 2021 And Here’s Why

BitFinex New Products Offer Up To 100x Leverage, Trading Starts Today

The Bitfinex two products referencing the two crypto derivatives contracts for the biggest European Equity companies and the German Equities will start trading today, as the CTO of Bitifnex Paolo Ardoino said. In our latest Tether crypto news today, we find out more about the products. Paolo Ardoino Bitfinex derivatives named two new products, types of perpetual contracts that are settling in Tether against the Europe 50 Stock Index and the Germany 30 stock index. Both of these products will start trading today as Paolo Ardoino said. A perpetual contract is a derivative swap-style contract that will reference the underlying…

Continue Reading BitFinex New Products Offer Up To 100x Leverage, Trading Starts Today

Tether Used Centralized Power To Refund The Wrongly Sent $1 Million

Tether used centralized power to return the wrongly sent $1 million after a group of Defi traders mistakenly sent them and Tether helped recover the funds. In our tether crypto news today, we reading more about how Tether managed to return the funds. Tether helped recover the $1 million in lost stabelcoins after traders sent them to the wrong address. Tether is able to perform these recoveries thanks to the centralized control of the platform. Tether used centralized control as it allows it to work with law enforcement officials in order to fight illegal activity. So far, the biggest stablecoin…

Continue Reading Tether Used Centralized Power To Refund The Wrongly Sent $1 Million

New York AG Says Bitfinex And Tether Delays Have To Stop

The New York AG (Attorney General) and Senior Enforcement Counsel John Castiglione filed a letter of a conference involving the regulator and the crypto companies Tether and Bitfinex arguing that it is time they complied with the 17-month old document production order that shows financial information about the next two months as we are reading more in the tether cryptocurrency news. As of the filing, the counsel representing the two companies argue that the order is too broad and the scope has to be limited:  “As of this filing, the 354 Order has been in place for seventeen months. In…

Continue Reading New York AG Says Bitfinex And Tether Delays Have To Stop

Tether Is Now Able To Freeze And Destroy Your USDT Coins: Report

Tether is now able to freeze and destroy your USDT issued on the Ethereum and TRON blockchains after the company recently reversed a $1 million transaction which failed to reach the Swerve DeFi platform as we reported in the Tether coin news. New information was revealed about Tether’s ability to reverse the USDT transactions according to reports by the Block. The user of the DeFi platform Swerve sent $1 million worth of USDT to the application and the lost access to that money. The news eventually reached Tether CTO Paolo Ardoino who offered to recover the USDT transactions for the…

Continue Reading Tether Is Now Able To Freeze And Destroy Your USDT Coins: Report

Tether Acquires Larger Presence Than Bitcoin: Report

Tether acquires a larger presence on the market than Bitcoin as the use of cryptocurrencies across the world is rising. The flow of crypto assets is not managed by governments or central banks so the authorities are considering stricter rules for crypto in order to prevent money laundering and funding crime. Let’s read more in the following Tether cryptocurrency news. USDT is an emerging cryptocurrency that was issued by a Hong Kong company, Tether Limited and now Tether acquires a larger presence than Bitcoin. USDT is also a stablecoin which is a newer type of cryptocurrency whose value is fixed…

Continue Reading Tether Acquires Larger Presence Than Bitcoin: Report

Tether Recovered And Returned $1M USDT Sent To Wrong DeFi Address

Tether recovered and returned $1 million worth of coins to  Chinese traders that sent the coins to a wrong DeFi address as we read more in our tether cryptocurrency news today. Just a few days ago, Tether recovered and returned $1 million to the group under the moniker “Bill” that accidentally transferred the money to a Swerve token contract and were unable to retrieve it. In desperation, the traders issued an SOS on Twitter and hoped everything will go back to normal. As it turned out, they were in luck. Paolo Ardoino’s chief technology officer of Bitfinex and Tether responded…

Continue Reading Tether Recovered And Returned $1M USDT Sent To Wrong DeFi Address

Paxful P2P Crypto Exchange Expands By Adding Tether To Its Platform

Paxful P2P crypto exchange expanded beyond Bitcoin and decided to provide support for Tether’s stabelcoin USDT, as we are reading in the tether cryptocurrency news today. Paxful CEO Ray Youssef said that “stablecoins do a better job of serving the real use cases of finance, especially in emerging markets They Don’t suffer from volatility” so Paxful P2P crypto exchange decided to add Tether to its list of stablecoins, despite being a bitcoin-only platform since its launch in 2015. The users can now convert their BTC holdings into USDT and they can also trade USDT in the near future. Paxful wanted…

Continue Reading Paxful P2P Crypto Exchange Expands By Adding Tether To Its Platform

Tether Launched On Solana To Leverage Low Costs And High Speeds

Tether launched on Solana, the blockchain platform that was designed to compete with Ethereum, according to a press release that we have in our latest Tether crypto news. The company behind USDT, Tether launched on Solana, and said that the users will be able to exchange USDT at a speed greater than 50,000tx/s for less than $0.00001. Tether is the creator of the largest stableocin in the market and announced its latest partnership with the Solana network. according to a press release, Tether will be integrating USDT into the Solana network to leverage the low costs and the high speeds.…

Continue Reading Tether Launched On Solana To Leverage Low Costs And High Speeds

YFI Creator Says USDC And USDT Will Be Available On Layer Two

The YFI creator Andre Cronje, says that there’s a lot of effort going into the crypto industry recently to alleviate the pressure some of the coins felt on the Ethereum network. Stablecoins make a huge chunk of the steep fees and they could all switch to Layer 2 for relief as we are about to read more in our Tether crypto news today. The YFI creator Andre Cronje, suggested that USDT and USDC will soon be available on Layer 2 since the stablecoins make the transition away from Ethereum. The comment came in the wake of a huge month for…

Continue Reading YFI Creator Says USDC And USDT Will Be Available On Layer Two

Yield Farming Craze Led To Massive USDT And ETH Withdrawals In China

The yield farming craze has led to huge USDT and ETH withdrawals In China as the investors started withdrawing their funds and to lock them up on the obscure protocols that promise high yields according to the latest reports that we have in our tether cryptocurrency news. Colin Wu, a reporter that is focused on the local blockchain and crypto sector in China, said that due to the yield farming craze, many exchanges in china experienced a lot of difficulties during coin withdrawal and shutdowns. He claimed that this was caused by the Chinese crypto community withdrawing liquidity and the…

Continue Reading Yield Farming Craze Led To Massive USDT And ETH Withdrawals In China

BitFinex Demands Dismissal Of Market Manipulation Lawsuit

BitFinex demands dismissal of the “unfounded” market manipulation lawsuit as Tether also rejected the Bitcoin market manipulation lawsuit and said that the entire thing is baseless. In a motion filed on Thursday, they even called for a dismissal which we are reading more about in out Tether cryptocurrency news. Bitfinex demands a dismissal along with its sister company Tether, for the market manipulation lawsuit that was filed against them in October. The crypto companies said that the allegations are baseless and unfounded. In 2019, a group of crypto traders, Benjamin Leibowitz, David Leibowitz, Aaron Leibowitz, Jason Leibowitz, and Pinchas Goldshtein,…

Continue Reading BitFinex Demands Dismissal Of Market Manipulation Lawsuit

Tether And iFinex File Motion To Dismiss Market Manipulation Lawsuit

Tether and iFinex file a motion to dismiss the market manipulation lawsuit because the plaintiffs don’t prove that billions of dollars of unbacked stablecoins that enter the market as we are reading further in our Tether cryptocurrency news. The lawyers for Tether and iFinex, the partner company of Bitfinex exchange, filed a motion to dismiss the class-action lawsuit accusing them of deceptive and anti-competitive and market manipulative behavior. Claiming that they lost a lot of money as a result so the plaintiffs alleged in complaint back in October that over five years Tether issued about $3 billion worth of unbacked…

Continue Reading Tether And iFinex File Motion To Dismiss Market Manipulation Lawsuit

Shyft Network Adds Tether, Bitfinex And Huobi To New Task Force

Shyft Network will now add Bitfinex, Tether, and Huobi into its crypto-focused anti-money laundering task force as we are reading more about in our tether cryptocurrency news. According to the announcement by the Shyft Network, the Veriscope Governance Task Force includes new members such as binance, Bitfury, Unocoin, Tokocrypto, and CoinHako. Shyft is a well-known participant in the race to bring bigger crypto adoption in line with the Financial Action Taskforce and the AML regulations as they hired Rick McDonell, the heavyweight advisor and former FATF executive secretary, and Josee Nadeau who was the head of the Canadian delegation of…

Continue Reading Shyft Network Adds Tether, Bitfinex And Huobi To New Task Force

Tether Surpassed XRP In Terms Of Market Cap Again: Report

Tether surpassed XRP in terms of market cap again as it did a while ago when we reported in our tether news here on DC Forecasts. The biggest stablecoin by market capitalization Tether surpassed XRP in terms of market cap again and is now the second-largest altcoin after Ethereum. The market cap of USDT hit $13.4 billion according to the data from the crypto analytics website Coin360 while XRP remains the fourth-biggest coin by market cap at $13 billion. Tether has previously surpassed XRP back in May this year as we reported in the Tether coin news. Tether Daily Volume…

Continue Reading Tether Surpassed XRP In Terms Of Market Cap Again: Report

Tether Plans Supporting ZK-Rollups To Reduce Pressure On ETH

Tether plans supporting ZK-rollups in order to reduce the pressure on the Ethereum network after the integration with OMG network. Tether plans supporting the Layer-2 scaling solution ZK rollups as we are reading more in the Tether coin news. ZK-Rollups is a zero-knowledge proof technique that helps the rollup or bundle many transactions into one single transaction and therefore will reduce the pressure on Ethereum. Paolo Ardoino, the CTO of Tether explained that multiple operations include the management of Ether and ERC20 token transfers and also managing smart contract operations:  “The idea behind ZK-Rollups is aggregating multiple operations into one single L1…

Continue Reading Tether Plans Supporting ZK-Rollups To Reduce Pressure On ETH

Tether Continues Serving As Bridge Between Crypto And Fiat: Report

Tether continues serving as a bridge between crypto and fiat thus boosting crypto adoption, especially in the current conditions in a pandemic which made everything uncertain. The viability and security of digital currencies have come to the forefront and people are now looking out for alternatives to traditional payment methods, and here’s where Tether can help. In today’s Tether news, we can see that stable coin is a huge example of how global markets are able to operate efficiently by leveraging the blockchain technology. USDT is actually a payment rail which can provide further innovation. Tether Holdings Limited was first…

Continue Reading Tether Continues Serving As Bridge Between Crypto And Fiat: Report

Tether Allows Individuals To Skirt Capital Controls More Than BTC

Tether allows individuals in Hong Kong, to skirt capital controls more than Bitcoin does, despite being considered the only way that anybody in the world can rely on to do that. However, in today’s Tether cryptocurrency news, we are reading something otherwise. Hong Kong has become a volatile region because of the political uncertainty as the narrative formed an opinion that wealthy people are moving their capital out of the country through Bitcoin. In Lebanon, citizens are facing a devaluing currency and they also turned to Bitcoin as a way out. However, according to one analyst, Tether allows individuals to…

Continue Reading Tether Allows Individuals To Skirt Capital Controls More Than BTC

Tether Exceeds PayPal In Average Daily Transfer Value: Report

Tether exceeds PayPal as well as Bitcoin in average daily transfer value for August according to the latest research that we have in our Tether cryptocurrency news. The average daily transfer value for Tether exceeds Paypal according to the research by CoinMetrics revealing the 7-day average adjusted transfer value which reached $3.55 billion as of August 20. This is around 20% more than that for Bitcoin which was reported at $2.94 billion. After the six months of huge growth, USDT average daily transfer value flipped the one of Bitcoin as it continues to take more of the market share of…

Continue Reading Tether Exceeds PayPal In Average Daily Transfer Value: Report

End of content

No more pages to load