Tether CEO Spotlights Bitcoin’s Uniqueness While Citing Bearish View on Shiba Inu, PEPE, WIF, FLOKI

Tether CEO Spotlights Bitcoin’s Uniqueness While Citing Bearish View on Shiba Inu, PEPE, WIF, FLOKI
фото показано с : zycrypto.com

2024-6-18 20:33

Tether CEO Paolo Ardoino recently referred to Bitcoin as the only true decentralized cryptocurrency, lauding its uniqueness and consistency. The CEO of the largest stablecoin issuer maintained that Bitcoins’ status as the apex cryptocurrency might never be usurped.

Ardoino also expressed his skepticism about the booming meme coin industry, adding that Bitcoin and meme coins are “completely at the opposite parts of the spectrum.”

Speaking to journalists at the recently concluded Bitcoin-only conference in Prague, Ardoino noted that Bitcoin is “the only example of a currency that is only ruled by math that basically cannot be changed.” Conversely, other cryptocurrencies totaling over 14,000 are centralized to varying degrees.

“With the other currencies, you see that there is a group of developers that come every month. They are coming out with a new software release, they change the monetary policy, inflationary, deflationary, and they keep changing things,” the CEO said.

Bitcoin’s Stability Secures Its Dominance Amidst Evolving Cryptocurrency Landscape, Says Tether CEO

Unlike other cryptocurrencies that undergo occasional or constant modification, Bitcoins maintain a fixed infrastructure and protocol. According to the Tether CEO, this unique feature has ensured Bitcoin’s leading market position amid growing competition. Ardoino asserted that such stability could not be replicated in the current cryptocurrency outlook.

“With the other currencies, you see that there is a group of developers that come every month. They are coming out with a new software release; they can change monetary policy, inflationary, deflationary, and they keep changing things,” Adoino stated.

Since its inception, Bitcoin has been the number one digital asset in the cryptocurrency market. BTC’s impressive run in March 2023 propelled it to an all-time night of $73,000, reinforcing its popularity among market participants.

Ardoino’s Bitcoin remarks reflect the BTC’s undisputed position as the king of digital assets. Despite attempts by other crypto assets to rival Bitcoin, none have matched its underlying stability and decentralization.

As of press time, BTC is trading at $66,076, having shed 0.93% of its value over the past intraday session. Additionally, it is positioned 15.39% above its 200-day SMA of $56,868.

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tether bitcoin uniqueness ceo only referred true

Источник: zycrypto.com

tether bitcoin → Результатов: 126


Фото:

Tether plans $500M investment into Bitcoin mining operations

In a significant diversification of its core business of managing the USDT stablecoin, Tether Holdings Ltd. is pivoting a portion of its operations toward Bitcoin (BTC) mining. As reported by Bloomberg, Tether plans to invest approximately half a billion dollars over the next six months, a move that could significantly alter the dynamics of the […] The post Tether plans $500M investment into Bitcoin mining operations appeared first on CryptoSlate.

2023-11-16 19:40


Фото:

‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.   Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017.

2018-6-13 20:00


This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether

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


Фото:

Research shows Bitcoin’s price increased due to tether manipulation

The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. The published study states that the researchers used “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.

2018-6-13 19:31


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