Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits

The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.

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USDT YoY dominance grows since last capitulation, leaves other stablecoins trailing

User confidence in adopting USDT for trade has surpassed its competition. There is enough stablecoin purchasing power to buy BTC, but Ethereum’s supremacy blooms.  Tether [USDT] has solidThe post USDT YoY dominance grows since last capitulation, leaves other stablecoins trailing appeared first on AMBCrypto.

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Tether Leveraged Fed Policy to Buy $1.5B in Bitcoin

Tether bought over 52,000 Bitcoin using excess reserves in Q1 2023.

The post Tether Leveraged Fed Policy to Buy $1.5B in Bitcoin appeared first on BeInCrypto.

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Tether’s USDT receives major boost from Telegram

The Telegram messaging app facilitates buying and selling of crypto through the @wallet bot. Telegram users can buy and sell BTC and TON on the using @wallet bot. Besides, they can also send some of the cryptocurrencies via chats.

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Compound Prepares For A Major Rally To $80, Here Is Why

The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT).

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FTX (FTT) Token Flashes Buy Ahead Of A Rally, Will $35 Be Reclaimed

The FTX (FTT) token has had a difficult time, but it has recently flashed a buy signal, indicating that the price is poised to rise against tether (USDT). The crypto market’s early week saw altcoin prices surge as most coins rallied with significant price gains, with the FTX (FTT) token poised to make a relief bounce.

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Tried And Tested: What You Can Learn From Experienced Traders

https://unsplash.com/photos/GnWfl_nnZro Despite the current “crypto winter” which is freezing up a number of exchanges in the market, there is always business to be had. If you are a newcomer looking to buy USDT, Tether, Ethereum, or any other form of cryptocurrency, then the chances are you will be waiting around for a while to trade […] The post Tried And Tested: What You Can Learn From Experienced Traders appeared first on CaptainAltcoin.

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Tether CTO refutes stablecoin FUD as short-sellers circle

Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price.

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Cardano: Should you buy the dip or sell the rip in the weeks to come

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice. USD Tether's dominance rose past the 5% mark. It was at 5.3% in mid-JuThe post Cardano: Should you buy the dip or sell the rip in the weeks to come appeared first on AMBCrypto.

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Bitcoin Traders Ready to Buy as Tether Supply on Exchanges Hits $9 Billion

Latest analytics data shows that buying power of traders is accumulating on exchanges, rising to new high

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Kenyans Can Now Buy and Sell Crypto Through Paxful’s P2P Marketplace

Paxful has partnered with Kenya-based remittance network BitLipa to allow users to buy and sell bitcoin and the tether stablecoin.

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Bitcoin Smashed $11,000, But These Technicals Spell Trouble

Bitcoin is back in the cryptocurrency market’s spotlight after smashing through the infamous $10,000 resistance barrier. Data from Glassnode reveals that more than 763 million Tether (USDT) flooded multiple cryptocurrency exchanges while buy orders began to pile up.

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Buy Stablecoins With Your Credit Card in Lumi Wallet

Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card. The highest grossing stablecoins on the crypto market are fully integrated for exchange and purchase in-wallet.

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Top Custodial Altcoin Multi Wallets For Beginners

Bitcoin is no longer the only steady choice for cryptocurrency users. A dozen altcoins have shown themselves stable and reliable when the market goes red. But even after conducting a detailed study of the top altcoins like Ethereum, Litecoin, Dogecoin, Tether and Dash, how does one buy and store them safely? Managing several digital currencies […] The post Top Custodial Altcoin Multi Wallets For Beginners appeared first on NullTX.

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CoinEx Exchange and Simplex Partner to Easily Buy Cryptocurrencies With Credit Cards

On March 31, crypto exchange CoinEx disclosed they will become partners with Simplex in order to aid crypto credit card purchases. As per the exchange’s press release says, CoinEx users are now able to buy 5 digital currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT) with their credit […]

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Binance P2P Now Supports the Nigerian Naira, Its First African Fiat Currency

In an effort to expand its fiat-to-crypto services, Binance decided to add support on its peer-to-peer (P2P) platform for the Nigerian Naira (NGN). The integration allows Nigerian users to directly buy and sell cryptocurrencies like Bitcoin (BTC), Ether (ETH) and Tether (USDT) using the Binance P2P platform.

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BTC-Alpha has integrated the purchase of cryptocurrency with bank cards

At BTC-Alpha, you can now purchase cryptocurrency using credit or debit cards. The purchase process is completed via a third party – the Mercuryo processing system. Fully verified users can purchase any of four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) or Tron (TRX).

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Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’

Today has been a busy day for whales in the cryptocurrency market. There has been a significant increase in exchange deposits across the board. Could major players be buying the Bitcoin price dip? Bitcoin has once again dropped below the $10,000 price point, and it looks like major players in the market are using the […] The post Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’ appeared first on BeInCrypto.

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Binance Adds 2nd Fiat To P2P Trading Platform, Vietnamese Dong VND-To-Crypto Now Open

In an official announcement released on Monday by Binance, the largest crypto exchange in trade volume, users of their P2P platform will be able to buy and sell Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and its own native Binance Coin (BNB) from peers.

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You Can Now Buy, Sell Stablecoins on Canadian Bitcoin ATMs

The crypto ATM of Instacoin now offer dollar-pegged stablecoins for deposit and withdrawal, including the much-disputed Tether (USDT). The leading crypto ATM operator in Canada will add a total of seven stablecoins to its devices.

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Spot Versus Tether Exchanges: Can Bitcoin Price Itself Be a Buy or Sell Signal

Could the price difference between Bitcoin price on spot platforms like Coinbase and Tether-based platforms like Binance offer investors insight into if the crypto asset is currently a buy or a sell? Data from past price action suggests its possible, and could even be an accurate signal for traders to follow.

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Canadian crypto ATM network Instacoin adds support for 7 stablecoins

Instacoin, a Canadain cryptocurrency ATM operator, today announced that its users can now buy and sell stablecoins across its network. The following seven new coins are now available at all Instacoin ATM locations across Canada: DAI (Multi-Collateral DAI), SAI (Single-Collateral DAI), Tether (USDT), USD Coin (USDC), Paxos Standard (PAX), TrueUSD (TUSD) and Gemini Dollar (GUSD).

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Bitfinex’s LEO token has a major liquidity problem

LEO, a token issued by Bitfinex’s parent company, iFinex, was revealed to have a major liquidity problem. Bitfinex order books revealed that $500,000 buy and sell orders swung LEO’s price by 25 percent.

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Bitfinex CTO: Despite Earlier Reports, Tether Did Not Buy Bitcoin with USDT Nor is it Backed With BTC

If you follow any crypto-related news, you have heard about the whole controversy regarding the Tether/Bitfinex case, in which the stablecoin company lent money to its parent company and later it was denounced by the New York Attorney General.

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No, Tether Didn’t Buy Bitcoin with Its USD Reserves   

After the Bitfinex-Tether controversy took the crypto community by storm, everyone is tempted to spread FUD   

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Tether in court: Yep, we sort of, kind of, definitely used our reserves to buy Bitcoin

It appears that contrary to its marketing promises, Tether – a cryptocurrency pegged to the US dollar – used some of its dollar reserves to buy Bitcoin. The stablecoin issuer, which shares management and ownership with cryptocurrency exchange service Bitfinex, has admitted it used its reserves to invest in Bitcoin and other “assets,” according to court transcripts obtained by The Block.

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Tether Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.

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Bitfinex Has Got 1 Bln Commitments in USDT for its Token Offering: Investor

One of major shareholders reports that investors have already lined up to buy the LEO token, providing commitments for $1 bln in Tether Dong Zhao, a China-based investor, the creator of DGroup, who has an.

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Top 5 Stablecoins to look out for in 2019

“Stablecoins” emerged as in 2014 in the form of Tether [USDT], a token launched on the Bitcoin blockchain backed by alleged reserves of US dollars. USDT “peg” tokens to fiat dollars. The concept was simple: Tether Limited would safeguard funds spent to buy USDT.

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

Summary:Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support.

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A Possible Fall In Tether’s Price May Benefit Bitcoin as Traders Buy BTC with USDT for Liquidity

Bitcoin is considered to be the largest cryptocurrency in the market today, this is pretty obvious, as it has more than half of the market share in the whole crypto market. Since the token lost some of its price recently, it has caused a domino effect that basically made all altcoins lose value as well. […]

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Basic Attention Token (BAT) Price Prediction 2019 – The Year of BAT (Late April Update)

Late April Update: Technicals BATBTC daily chart looks bullish as BAT seems to march on unscathed by the Tether drama that resurfaced again, for the zillionth time. BAT is moving upwards in an ascending channel, in textbook maneuvers from bottom to the top line.

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Cardano (ADA) – Time to buy the dip as market comfortably absorbs Bitfinex news

The crypto market has dumped in the last couple of hours, with Bitcoin (BTC) dipping to as low as $5057 on some exchanges. This followed a Wall Street Journal article that Bitfinex used tether reserves to mask an $850 million hole.

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CNY at a Crypto Premium as Bitcoin Trends in China

One CNY is a lot cheaper if you buy it with USDT than actual dollars as the crypto stable coin proves to have some additional utility. Tether is currently handling... The post CNY at a Crypto Premium as Bitcoin Trends in China appeared first on Trustnodes.

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Chinese Bitcoin Investors Are Happily Paying a Markup For Tethers

As Bitcoin price surged over 27 percent in the past week, traders in China are paying a markup for Tether stablecoins, which offer an easy way to buy cryptocurrencies.   Tether Offers China The Easiest Way to Buy Bitcoin Cryptocurrency traders in China are starting to wake up.

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vTrader: Legit Buy And Sell Cryptocurrencies Exchange Platform?

Cryptocurrency trading faces numerous challenges such as price fluctuations and the fact that it takes a long time for the bank transactions to reflect when purchasing the cryptocurrencies. vTrader aims to address this challenge by integrating USDT (USD Tether), which will correlate with the US dollar.

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USDC Listed on More Crypto Exchanges; Tether’s Dominance looks Threatened

Although Bitcoin is still most popular crypto, it’s no longer the sole monopoly in the crypto sector. In the past, investors and traders had to first buy Bitcoin before trading other altcoins. But, that’s no longer the case.

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Stablecoin Supremacy Battle Heats Up; Binance Lists USDC, Tether Below a Buck

Once up a time there was crypto and fiat. If you wanted to trade in altcoins you had to first buy Bitcoin. Tether changed all that when it came onto the scene on Bitfinex in 2015, today there are a slew of stablecoins all competing for supremacy.

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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

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Coinbase Just Added Its First Stablecoin

Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors. As detailed in an October 23, 2018, blog post, Coinbase has added support for Circle’s USD Coin (USDC).

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Bitcoin Price Analysis: Bitcoin Consolidation Forecasts $3,500 Move

A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors.

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Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

USD-backed stablecoin Tether (USDT) fell below $0. 90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.   Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT , countered by a 5 percent rise in the price of Bitcoin (BTC) , coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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Bitcoin Magazine’s Week in Review: Under the Microscope

This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies.

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Study Argues Tether Wasn't Used to Prop Up Bitcoin Price

Published a month before a report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate bitcoin's price, another academic study has come to light that challenges this theory.

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New Study Argues Tether Wasn't Used to Prop Up Bitcoin Price

Following an earlier report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate the bitcoin price, a new report has emerged debunking this theory.

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Gemini Launches USD-pegged Ethereum Token (GUSD) to Compete with Tether (USDT)

While we are on the issue of the use of USDT by Chinese residents to buy cryptocurrencies, Gemini has announced the launch of its new Ethereum Token known as Gemini Dollar (GUSD) today, Monday 10 Sept.

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Bitcoin Rallies Above $6900, Tether Fires Up the Printers

Bitcoin has been rocked with another remarkable late-night buy rally, seeing the coin scrape the $7000-mark for the first time in weeks after a $2 billion, 5-minute feeding frenzy. Lifting Bitcoin to an apex of $6942, the rushed buy wall has pushed the coin to its highest levels of price and market capitalization since Aug.

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