Tether

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:37 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Beyond the Dollar

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Time Stamp: April 27, 2023 6:35 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Reasons for Regulation

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Time Stamp: January 5, 2023 3:57 AM - Modified On: January 5, 2023 - Published By:
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There are multiple reasons cited for increased regulation in crypto, the most common of which are investor protection, institutional adoption, and safety. While regulations can be seen as a good thing in general for the space they’re by no means a universal panacea. Examining what central banks want regulation to look like gives a clearer indication of who benefits most from them. In December Sir Jon Cunliffe, Deputy Governor of the Bank of England said, “We would need to regulate to ensure that we get the same level of protection,

‘Triad’ members kidnap and torture Hong Kong crypto trader who manages to escape

Source Node: https://bitcoinerx.com/blockchain/triad-members-kidnap-and-torture-hong-kong-crypto-trader-who-manages-to-escape/
Time Stamp: November 15, 2021 7:11 PM - Modified On: November 15, 2021 - Published By:
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A 39-year-old Hong Kong man was kidnapped and held for ransom last week after meeting a Tether buyer in Kowloon Bay.  The man was taken inside an industrial facility, assaulted, and forced to hand over his phone and trading platform passwords.  He was held captive for about a week at Tai Po, northern Hong Kong. His kidnappers demanded HK$30M from his family.  His relatives contacted the cops on Nov. 9, 2021. The police then stormed the house where the victim was being held, but he managed to flee through a

Amount of Bitcoin Stored on Exchanges at Lowest Point Since May 2019

Source Node: https://cryptopotato.com/amount-of-bitcoin-stored-on-exchanges-at-lowest-point-since-may-2019/
Time Stamp: September 28, 2021 5:44 AM - Modified On: September 28, 2021 - Published By:
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On-chain analytics provider Santiment has reported that the supply of Bitcoin sitting on exchanges has fallen to levels not seen since May 2019. This is usually considered bullish as investors take BTC off exchanges when they’re in a position to hold and are not interested in selling. Santiment called it a “good sign of sell-off risk decreasing.” Bitcoin prices have been falling this week in the wake of a renewed crackdown in China and another round of FUD (fear, uncertainty, and doubt) that followed it. Since Monday, BTC prices have

COTI to Issue New Stablecoin on Cardano Network

Source Node: https://beincrypto.com/coti-stablecoin-cardano-network/
Time Stamp: September 27, 2021 4:40 AM - Modified On: September 27, 2021 - Published By:
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COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Where to buy Terra before new upgrade sends LUNA price to the moon

Source Node: https://coinjournal.net/news/where-to-buy-terra-before-new-upgrade-sends-luna-price-to-the-moon/
Time Stamp: September 24, 2021 10:13 AM - Modified On: September 24, 2021 - Published By:
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Growing demand for UST saw LUNA price hit an all-time high this month, and it could easily achieve another after the Columbus 5 upgrade Terra (LUNA) has defied the downward trend prevalent in the rest of the crypto market by managing gains of 1.5% in the last 24 hours. With an important upgrade due at the end of the month which will enable the Terra ecosystem to expand, LUNA price could be headed for the moon. How & where to buy Terra in the UK and elsewhere With the ever-increasing

Raoul Pal thinks ADA could “do incredibly well”: where to buy Cardano

Source Node: https://coinjournal.net/news/raoul-pal-thinks-ada-could-do-incredibly-well-where-to-buy-cardano/
Time Stamp: September 24, 2021 10:00 AM - Modified On: September 24, 2021 - Published By:
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ADA is generating a lot of buzz ahead of the unveiling of a prototype dAppStore at this weekend’s Cardano Summit Since launching smart contract functionality on the blockchain earlier this month, Cardano has been poised to become an industry leader and potentially live up to its moniker of the “Ethereum killer”. Now, with news about decentralised applications (dApps) on Cardano and an endorsement from Raoul Pal, it’s perhaps not surprising that ADA is currently the top trending cryptocurrency on CoinMarketCap — and this enthusiasm could easily translate into a price

The Crypto Top 20 Looked Very Different In 2017, Will Your Fav Projects Still Be Relevant In 4 Years?

Source Node: https://bitcoinist.com/the-crypto-top-20-looked-very-different-in-2017-will-your-fav-projects-still-be-relevant-in-4-years/?utm_source=rss&utm_medium=rss&utm_campaign=the-crypto-top-20-looked-very-different-in-2017-will-your-fav-projects-still-be-relevant-in-4-years
Time Stamp: September 23, 2021 8:01 PM - Modified On: September 23, 2021 - Published By:
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Popular crypto YouTuber Lark Davies tweeted about 2017’s landscape, pointing out that most of the top 20 tokens back then have since fallen away. He added that people need to be aware of the fast change in pace with cryptocurrency markets and to plan accordingly. “This is the top 20 #crypto coins 4 years ago today. Gives you some pretty solid perspective. If you don’t think your coin will still be here, or at least in the top 100 in 4 years from today then you had better have an

Tether (USDT) cash equivalents have increased to 85%, company reveals

Source Node: https://cryptoslate.com/tether-usdt-cash-equivalents-have-increased-to-85-company-reveals/
Time Stamp: August 10, 2021 8:33 AM - Modified On: August 10, 2021 - Published By:
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Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate.Tether’s reserves “The group’s consolidated assets exceed its consolidated liabilities,” according to the independent accountant’s report, which reviewed Tether’s latest CRR and determined that the issuer met its reserve obligations for the period that ended on June 30, 2021.“The group’s reserves held for its digital assets issued exceeds

Kraken Daily Market Report for August 08 2021

Source Node: https://blog.kraken.com/post/10551/kraken-daily-market-report-for-august-08-2021/
Time Stamp: August 9, 2021 11:31 AM - Modified On: August 9, 2021 - Published By:
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Overview Total spot trading volume at $1.07 billion, the largest Sunday trading volume since June 20th. The 30-day average is up to $843.6 million. Total futures notional at $551.6 million. The top five traded coins were, respectively, Bitcoin (-0.5%), Ethereum (-3.2%), Tether (0%), Dogecoin (-6.0%), and Polkadot (-4.0%). Livepeer was up 9.7%, most other coins were down a few percent. August 08, 2021  $1.07B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $44387. ↓0.5% $348.2M ETH $3060.9 ↓3.2% $293.6M USDT $1.0007 ↓0.01% $229.3M DOGE $0.2462 ↓6.0% $95.3M DOT $20.135 ↓4.0% $40.9M USDC $1.0001 ↑0.01% $28.7M ADA $1.4449 ↓1.9% $24.3M XRP $0.7963 ↓2.6% $20.9M LINK $23.578 ↓4.3% $8.27M LTC $151.51 ↓2.9% $7.19M ETC $58.21 ↓4.1% $6.31M KSM $221.0 ↓5.4% $5.45M DAI $1.0011 ↑0.02% $4.56M EOS $4.3441 ↓5.4% $4.02M SOL $38.42 ↓2.8% $3.8M MATIC $1.1046 ↓5.4% $3.76M SC $0.0166 ↓5.1% $3.75M BCH $564.82 ↓3.3% $3.6M UNI $27.079 ↓4.4% $3.42M FIL $66.041 ↓4.8% $3.22M XMR $261.71 ↓3.4% $3.03M MINA $2.26 ↓9.6% $3.02M XLM $0.2913 ↓4.9% $2.63M XTZ $3.2273 ↓5.7% $2.38M TRX $0.0725 ↓4.0% $2.08M SNX $9.853 ↓7.4% $2.01M KAVA $5.7398 ↓5.7% $1.99M