2018-10-19 22:10 |
In theory, traders can redeem USDT for dollars with the issuer, Tether Ltd. Instead, they appear to be cashing out through Kraken. origin »
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Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.
2018-10-17 01:17 | |
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Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).
2018-10-17 21:15 | |
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After a seemingly endless cycle of non-action, the crypto market finally saw a spark of life on Monday, as fears of a Tether ‘bank run’ hit newfound highs, while confusion strong-handed investors into making moves.
2018-10-16 13:00 | |
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Bitfinex has published an update describing its recent freeze on fiat deposits and has partially explained why it took this course of action. “Processing complications” are apparently to blame for the outage, and the exchange has announced an imminent fix.
2018-10-16 01:55 | |
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Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.
2018-10-16 22:06 | |
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The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt.
2018-10-11 21:30 | |
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Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent.
2018-10-9 00:43 | |
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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.
2018-10-3 19:05 | |
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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.
2018-9-13 18:07 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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An innovative algorithm is promising to turn the stablecoin space on its head. Kowala, a blockchain protocol whose tokens are algorithmically tied to the value of fiat currencies, announced the alpha launch of its mainnet today.
2018-9-4 18:30 | |
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Bitcoin (BTC), Tether (USDT)–Despite Tether (USDT) printing over half a billion dollars worth of new coinage throughout the month of August, financial news outlet Bloomberg reports the move has had little to no impact upon the crypto markets.
2018-8-27 22:04 | |
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Tether Market Capitalization Falls and Loses $300 Million Dollars In the last three weeks, Tether has reduced its market capitalization moving from $2.7 billion dollars to $2.4. This is the second time that the virtual currency tethered to the US dollar registers such a contraction in its supply. The USD-pegged currency is now one of […]
2018-8-12 03:00 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM.
2018-7-18 12:21 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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Tether is a digital coin, one-to-one pegged to the US dollar, issued by a private company, and engulfed in controversy. Read a thorough coin review covering all aspects.
2018-7-11 17:04 | |
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Controversial stablecoin Tether (USDT) has issued $250 million dollars worth of tokens — which Litecoin creator Charlie Lee sees as a bullish sign. ‘Precursor of Price Going Up’ Tether has issued 250 million tokens (worth US$250) on June 25, according to Omni explorer.
2018-6-27 02:00 | |
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Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
2018-6-21 23:05 | |
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Freeh, Sporkin & Sullivan LLP (FSS), a Washington-based law firm formed by three former judges, including a former FBI director, says tether is fully backed with dollars. In a report... The post Tether is Fully Backed Says Law Firm According to Tether appeared first on Trustnodes.
2018-6-20 17:22 | |
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Tether Limited has released a long-awaited third party report which may dispel the worst fears about the cryptocurrency market. The report, issued by Freeh Sporkin & Sullivan, LLP, found that the Tether token is fully backed by US dollars.
2018-6-20 17:19 | |
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Tether has finally produced a third-party report proclaiming that its cryptocurrency, USDT, is fully backed by U.S. dollars – with some big caveats.
2018-6-20 16:00 | |
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It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
2018-6-16 04:35 | |
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There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
2018-6-14 22:01 | |
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Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters
2018-6-13 19:39 | |
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USDC’s hike signals potential risk aversion and reduced market volatility A decline in USDC dominance could spark renewed interest in altcoins The stablecoin market has been undergoing a nThe post USDC’s growth apes 2021's market trend - Explained appeared first on AMBCrypto.
USDC’s growing dominance signals a shift in stablecoin preferences within crypto markets Bitcoin's stagnant performance raises concerns despite increasing stablecoin inflows and markeThe post Rising USDC deposits signal market shift: Can Bitcoin catch up? appeared first on AMBCrypto.
Stablecoins can reinforce the U. S dollar’s dominance in global markets and trade USD-backed stablecoins could reshape global finance and accelerate dollarization in The post Here's how stablecoins can harness the U.
Taiwan’s Financial Supervisory Commission (FSC) has unveiled plans to allow banks to issue stablecoins as part of a comprehensive regulatory framework for virtual asset service providers (VASPs).
ECB board member Piero Cipollone said the European Central Bank (ECB) must accelerate efforts to launch a digital euro in response to President Donald Trump’s push to promote dollar-backed stablecoins globally, Reuters reported on Jan.
Australia’s NAB Bank rolled out a stablecoin, but it was shut down a little over a year later. Genesis announced its bankruptcy filing, marking its end. It is important to reflect on the jThe post 3 major crypto events from 2023: Lessons for today appeared first on AMBCrypto.
Circle launched a new on-chain utility that allows users to pay for gas fees with USDC on Arbitrum and Base. Developers can use Paymaster to streamline gas payments within their applications. Paymaster charges 10% of the gas fee but is free until June 30 2025.