Tag: tether

  • Crypto

    Long-Time Critic Explains Why Bitfinex is Unable to Work With Banks

    Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services. For years, from the shutdown of...

    Joseph Young | October 18, 2018 | 3:00 pm
  • Tether
    Bitcoin

    Bitcoin Trades at $300 Premium on Bitfinex as Tether Faces Panic

    As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in...

    Ricardo Esteves | October 18, 2018 | 5:00 am
  • trade volumes
    Bitcoin

    Crypto Trade Volume Doubles Overnight, Have The Bears Run Out Of Steam?

    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. In the span of just a few hours, exchanges recorded billions of dollars...

    Nick Chong | October 16, 2018 | 10:00 am
  • Zebpay
    Crypto

    This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto

    After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin, which has managed to regain and exceed its former bottom of $6,000. According to the data provided by Bitfinex, BTC against Tether (USDT)...

    Ali Raza | October 15, 2018 | 7:00 pm
  • Altcoins

    Peer Stablecoins are Showing 10% Premium against a Weak Tether

    A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted...

    Davit Babayan | October 15, 2018 | 2:18 pm
  • Analysis

    Bitcoin Explodes to $7,000 within 24 Hours; What Caused the Short-Term Rally?

    After months of bearish action, the Bitcoin price on Monday soared above $7,000 within a matter of hours. BTC/USD bounced from $6,269 earlier today to establish fresh highs towards $6,950, according to CoinMarketCap, adding approximately $9 billion to its market cap. On some exchanges, including Hong Kong-based BitFinex,...

    Davit Babayan | October 15, 2018 | 11:31 am
  • Crypto

    Tether Forces Bitcoin to Achieve $7,500, Crypto Market Adds $20 Billion

    The crypto market and Bitcoin investors were in for a shock on Monday morning, as Tether, a self-proclaimed “stablecoin,” fell 6% below its U.S. Dollar (USD) peg amid a growing sense of confusion within the cryptosphere. Tether, Bitfinex Worries Plague Crypto Market During the wee hours of Monday morning,...

    Nick Chong | October 15, 2018 | 7:19 am
  • Bitcoin

    Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps

    Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong...

    Nick Chong | October 13, 2018 | 12:46 pm
  • japan banks
    Crypto

    Japan’s GMO Internet Group Announces Yen-Backed Stablecoin

    Japanese internet giant GMO has just announced plans to launch a new stablecoin backed by the Yen. The new coin will be called GMO Japanese Yen and is expected to arrive at some point in 2019. The company is already invested in mining hardware and cryptocurrency exchange businesses,...

    Ali Raza | October 10, 2018 | 2:00 pm

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