Tether USDT

$1.01
Market Cap $ 2.038 Bn (#9)
24h Volume $ 8.658 Bn
Chg. 24h: -0.41%
Algo. score 2.9/5  (#519)
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Tether News

Daily Berminal Brief: Mt. Gox To Return The Remaining Bitcoins Soon, And Binance Announces New Trading Pairs For IOST

The State of The Market - March 22, 2019 BTC: $4,050.03 (-0.15%) ETH: $138.53 (-0.06%) XRP: $0.314 (-0.30%) As Bitcoin failed to move past $4,100 yesterday, there was a minor crash. However, the bounce-back was swift and Bitcoin once again successfully defended its support at $4,000. With lower volumes in the weekend, it could once again test its resistance at $4,100 and even go past it. Most of the market is in green today, posting single-digit gains. The total market cap added nearly $2.5 Billion in the last 24 hours. In other news, Sirin Labs has announced a partnership with Ethereum wallet provider MyEtherWallet (MEW). Sirin Labs will soon integrate MEW in their Finney blockchain smartphone. Additionally, MyEtherWallet users can purchase the device through its mobile and web interface. Also, IOTA Foundation announced that its partnership with FCA-regulated fintech startup Zeux will permit the use of IOTA for in-store payments with merchants who accept Apple Pay and Samsung Pay. Zeux will launch in the EU in April and users preferring to pay with IOTA will select it and pay using the Apple Pay and Samsung Pay terminal. The IOTA tokens will automatically be deducted from the consumer’s wallet and the merchant will receive fiat. 1) Mt. Gox is set to return the remaining bitcoins to its users soon. In 2014, Mt. Gox, the largest cryptocurrency exchange at the time suffered a major hack. The thieves managed to steal some 850,000 BTC. It has been nearly 5 years, and victims are yet to receive any compensation. Its former CEO Mark Karpeles was even recently sentenced to 2 years and 6 months in prison in Japan. However, not everything is lost. Mt. Gox trustee Nobuaki Kobayashi has published a report that he still has access to over 141,000 BTC and 142,000 BCH. The document also discussed rehabilitation. Over the next few days, users will be notified if their claims for funds are accepted or rejected based on their previous applications. The criteria for approval is also not clear yet as some legitimate users claim they were denied. 2) Binance, the world's largest cryptocurrency exchange has announced new trading pairs for IOST. IOST enjoyed a successful mainnet launch last month, which was supported by all major exchanges. Just yesterday, Binance announced a trading competition to celebrate the Mainnet launch. The exchange is giving away 10,000 BNB for the top IOST traders. To make trading easy, IOST will also be tradable against BNB and USDT from today. These pairs will also be accounted for the trading competition. IOST had released its first DApp-Endless Game on Mar. 20, with transactions volumes breaking above 700M IOST on its very first day. Plus, IOST/BTC trading volume also tops on the Binance ranking board, totalling 9478.23BTC in the past 24 hours. According to IOST’s announcement on its official blog, more diverse DApps are in the pipeline. 3) This week the Federal Assembly of Switzerland voted to put cryptocurrency on equal footing as traditional assets. 99 members of the National Council supported a motion to bring forward a proposal which would apply the existing legislation of administrative and judicial authorities to cryptocurrencies. Giovanni Merlini, a liberal public representative in the lower house of the Federal Assembly, voted against the measure and claimed that “a large part of the crypto is completely anonymous, which favored extortion and money laundering.” It is yet to be seen whether holding crypto-assets to the same regulatory obligations as traditional assets is a positive or negative for Switzerland’s crypto sector. In December Swiss finance minister Ueli Maurer suggested that Switzerland should adapt existing rules to fit the needs of the industry instead of drawing up a new regulatory framework. (VS)

a day ago

Earn Interest on DAI, PAX, USDC, USDT & TUSD: - 6.5% p....

Earn Interest on DAI, PAX, USDC, USDT & TUSD: - 6.5% p.a. compounding interest, paid out daily - Fully automated &… https://t.co/ci5OzYSNTG

a day ago

OKEx And Huobi Announce Support For Tron-Based USDT

Major cryptocurrency exchanges Huobi Global and OKEx have announced support for the upcoming Tron-based USDT. Early this month, Tron announced a partnership with Tether to bring its stablecoin. Through the partnership, Tether will issue US Dollar pegged USDT and Euro pegged EURT as TRC-20 based tokens on Tron. It is meant to make Tron protocols interoperable and improve liquidity in the system. Right now, USDT is mainly hosted on Bitcoin network-based Omni. OKEx and Huobi are some of the largest exchanges, with a daily volume of $811 Million and $622 Million respectively. Tron (TRX) is priced at $0.022824, losing 0.70% in the last 24 hours. (VS)

a day ago

Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT

Two major crypto exchanges — Huobi Global and OKEx — have announced their support of the Tron-based version of stablecoin USDT

a day ago

CoinAll Launches a 10000 USDT New-User Campaign to Expand Community

CoinAll has today announced the launch of a new user campaign which will last a month and features a 10,000 USDT bonus pool. Users who complete the two-task mission will have a chance to share in the bonus. The campaign comprises two tasks. In task one, new users have to register on CoinAll and pass KYC1 verification. In the second task, new users need to deposit CoinAll-listed cryptocurrencies into their accounts. Upon completion of the two tasks, they will get the bonus. The campaign is reportedly open to all digital asset traders from around the world. (RL)

a day ago

Ontology [ONT] Sees Epic Rise of 24 Percent Following 200,000 ONG Trading Competition

Ontology (ONT) is the only blooming cryptocurrency among top 20 coins with as much as 24 percent over the past 24 hours. At the moment, the coin sits on 17th spot, moving upward to enter the market cap of 15th largest coin. Ontology (ONT) Surged Again On one hand trading volume of leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP doesn’t appear to be in a thrilling graph - Ontology (ONT), on the other hand, sees an epic rise of 24 Percent within a couple of hours. Consequently, as per the data provided by coinmaketcap, ONT is trading at the value $1.38 against USD and as such, its average trading volume counts $681,067,252. Majority of trading volume of ONT coin comes from exchanges like Bit-Z, Huobi Global, Binance, DigiFinex, OKEX, Gate.io, Upbit and unlike. Although Bit-Z contributing as much as $34,690,324 with pair of USDT, Binance, DigiFinex, OKEx, and Huobi are contributing to multiple pairs including USDT, BTC, KRW, ETH and more. However, there’s no recent listing that could directly link with the surging volume of ONT but analyzer is closely connecting the spike is a result of Ontology’s giveaway of 200,000 ONG token (Ontology Gas) among traders as a celebration to mark their listing anniversary on Binance cryptocurrency exchange. Accordingly, trader with higher trading volume of ONG at Binance excahnge (between 14-21 march) was supposed to win a prize. For those who don’t know the connection between ONT and ONG, Ontology Network uses dual token - ONT is the coin used for staking in consensus whereas ONG is the utility token. $ONG Trading Competition - 200,000 $ONG to Give Away!https://t.co/aXqFYRtA2s pic.twitter.com/g9QXhS4K29 — Binance (@binance) March 13, 2019 Moreover, on March 19, Mobile digital currency wallet called ‘Banko Wallet’ announced to support ONT token along with ONG token as well as Ontology DApps. The announcement reads that; Banko Wallet now supports ONT, ONG, and Ontology dApps. Banko Wallet brings along its 7,000+ active dApp users and provides quality crypto asset management services and user experience for the Ontology community. Read more and download at: https://t.co/nspCDOhm0d. $ONT $ONG pic.twitter.com/hZ6B8KiG71 — Ontology (@OntologyNetwork) March 20, 2019 Besides this, speaking with CNBC media, Ontology founder Li Jun also revealed that the firm is now working with Lanxess Chemicals company on chemical supply chain tracking. Talking with CNBC, Li Jun mentioned Fosun has finished their Ontology-based loyalty points solution, improving their system which has 100 million users. He also shared that Ontology is working with Lanxess on chemical supply chain tracking. https://t.co/bBYjSG0qHu $ONT $ONG — Ontology (@OntologyNetwork) March 21, 2019 The post Ontology [ONT] Sees Epic Rise of 24 Percent Following 200,000 ONG Trading Competition appeared first on Coingape.

2 days ago

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform. In other news, Aeternity and Satoshipay join forces to offer faster crypto micropayments and Nvidia expects to clear mining chip inventory in this quarter. Also read: Crypto Data Feed, BSV Sale, Bitmain Office Closed Binance to Sell Cryptocurrencies at Newsagents in Australia Binance, the world’s leading cryptocurrency exchange by volume, has announced the launch of Binance Lite Australia, a platform that will allow local residents to buy cryptocurrency at more than 1,300 newsagents across the country. Currently, the new cash-to-crypto service supports only purchases of bitcoin core (BTC) with Australian dollars (AUD) but other digital coins and fiat currency options will be added in the future. To acquire the crypto, customers will have to place an order online and then deposit the cash at the nearest newspaper kiosk. But before they can do so, they will have to provide their personal details and pass account verification on the website of the platform, binancelite.com. Verified users will be able to place their orders and receive the coins within minutes, the exchange promised in a blog post. Binance Lite Australia will charge a 5 percent fee for the service. Token Launchpad Huobi Prime to Go Live on Tuesday Digital asset exchange Huobi announced the launch date of its new token listing platform. Huobi Prime will go live next Tuesday, March 26, the company revealed in a tweet this week. The first campaign based on Huobi’s launchpad will be held by a project called TOP Network, which will distribute 1.5 billion TOP tokens among its users in three 30-minute rounds. According to the announcement, Huobi Prime will allow crypto projects to trade their coins immediately in a model described by the exchange as “direct premium offering.” Tokens issued through the platform, which is an alternative to Binance Launchpad, may be listed in the future on Huobi Global and Hbus in trading pairs with USDT, BTC, ETH, and KRW. Aeternity Invests in Micropayment Platform Satoshipay Aeternity, a project developing a blockchain protocol for smart contracts with open code, has acquired a stake in Satoshipay. According to a press release, the deal was sealed during the latest financing round for the micropayment service. Satoshipay will now be able to integrate Aeternity nanopayment solutions and offer its users faster transactions. Axel Springer SE, one of the largest digital content companies in Europe which runs news outlets such as Upday, Die Welt, Bild, and Business Insider, will be among the first users of the new services offered by Aeternity and Satoshipay. Its users will be able to pay for the content with cryptocurrency via the Satoshipay wallet. Nvidia to Clear Mining GPU Inventory Video card manufacturer Nvidia is expecting to soon clear the excess inventory accumulated in anticipation of high demand for cryptocurrency mining equipment. The company believes it will manage to achieve that during Q1 of 2019, according to comments made by its CFO Colette Kress during a meeting with investors in California this past Tuesday, Bloomberg reported. The stockpile of unsold graphics processing components was created when the sales of chips dropped last year following the decline in cryptocurrency prices. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory appeared first on Bitcoin News.

2 days ago

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions Lending Cryptocurrencies Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB. The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).” The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. The interest rate varies dynamically and goes up to a maximum of 2%, according to market dynamics — demand and supply.” Furthermore, its website states that “the cryptocurrencies lent through Dcxlend will be used to provide leverage to users on Dcxmargin,” another service the exchange offers. Gupta shared with news.Bitcoin.com that during the beta testing period with just BTC and USDT, “we had roughly 120 lenders which led to a circulation of 170 BTC on a daily basis.” Claiming that the program has recently garnered more attention from lenders, he remarked, “Hence we’re scaling it up and will keep on adding more coins.” The CEO explained that his exchange has an internal settlement and liquidation mechanism for margin trading which does not have “a dedicated funding wallet,” elaborating: Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin. Similar Programs Worldwide In the U.S., Blockfi recently introduced a savings account that enables customers to earn 6.2 percent annually on their BTC and ETH. Meanwhile, regulated bitcoin derivatives exchange and clearinghouse Ledgerx has a program called Ledgersavings which allows clients to earn an implied rate of around 16 percent annually. In Japan, regulated exchange GMO Coin launched a lending program for BTC, BCH, ETH, LTC, and XRP last year. However, at the time of this writing, the exchange is only borrowing BTC but customers can lend between 10 and 500 BTC over 181 days and earn up to an annual rate of 5 percent. Recently-licensed Japanese exchange Coincheck, which was hacked in January last year, also has a lending program for BTC with a maximum annual rate of 5 percent. Prior to the hack, this service supported 12 cryptocurrencies. Bitbank, another regulated Japanese exchange, also offers up to 5 percent interest annually for users lending between 1 and 25 BTC. Besides BTC, the exchange plans to extend the offer to BCH, ETH, LTC, XRP, and MONA. Would you lend your cryptocurrencies to an exchange? Let us know in the comments section below. Images courtesy of Shutterstock. Disclaimer: Bitcoin.com does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Need to calculate your bitcoin holdings? Check our tools section. The post Indian Exchange Launches Lending Program for 5 Cryptocurrencies appeared first on Bitcoin News.

2 days ago

Indian exchange Coindcx launches lending program; will support five cryptocurrencies

Indian cryptocurrency exchange, Coindcx, recently announced the launch of its crypto-lending program, Dcxlend. The program would allow users to earn interest on the cryptocurrencies held within the exchange. The announcement stated that the program’s beta testing phase was over, and five cryptocurrencies are supported by the program, including Bitcoin [BTC], USD Tether [USDT], Ethereum [ETH], XRP and Binance Coin [BNB]. Sumit Gupta, the CEO of Coindcx, shared his thoughts with Bitcoin.com, and said that only BTC and USDT were supported during the beta phase. He said that the exchange had over 120 lenders, which led to the daily circulation of 170 BTC, over the testing period. He also said that the exchange was still scaling up, and that the platform would add more crypto tokens soon. The CEO further explained that the exchange had an internal settlement and liquidation mechanism for margin trading. However, it did not have a funding wallet. He stated, “Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin.” After the announcement, the exchange’s website was updated to show monthly interest rates. The rates were, 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. Gupta added that BTC had the highest interest rates owing to the fact that most of the exchange’s traders did margin trading on BTC markets. The lending term lengths associated with the program were 7 days, 15 days and 30 days. The interest rates would be subject to change, according to the market dynamics of “demand and supply.” Moreover, the exchange announced that the cryptocurrencies lent via Dcxlend would also be used to provide leverage to users on Dcxmargin, another prominent service offered by the crypto exchange. The post Indian exchange Coindcx launches lending program; will support five cryptocurrencies appeared first on AMBCrypto.

2 days ago

CoinAll Launches a 10000 USDT New-User Campaign to Expand Community

CoinAll has today announced the launch of a new user campaign which will last a month and features a 10,000 USDT bonus pool. Users who complete the two-task mission will have a chance to share in the bonus. The campaign comprises two tasks. In task one, new users have to register on CoinAll and pass KYC1 verification. In the second task, new users need to deposit CoinAll-listed cryptocurrencies into their accounts. Upon completion of the two tasks, they will get the bonus. The campaign is open to all digital asset traders from around the world. Katherine Deng, General Manager of CoinAll stated, “Community is the foundation of CoinAll. We hope to make it larger and stronger. Together with our users, we endeavor to make the industry better in the near future.” CoinAll is a community-driven exchange, which means the users of the CoinAll community have the power to influence the development of the exchange. CoinAll also launches various promotions for the community as well. For example, the blockchain quiz show “Who Wants to Be a COINALL-inaire” hosted in March, featured the industry’s first “decentralized question bank” and attracted hundreds of thousands of participants. By answering 10 questions correctly, users could take home hundreds of USDT in prizes. While enjoying the fun and bonuses, users also broadened their knowledge about blockchain technology. By offering a variety of campaigns, CoinAll has rapidly established a community of tens of thousands of members. Besides community development, CoinAll also spares no effort in offering high-quality blockchain projects to traders. For example, COSM, which will be supported by Samsung’s latest flagship smartphone and is the first dApp partner of Samsung, was one of the very first offerings by the exchange. CoinAll has also listed other well-received projects such as BTT, ZIL, ONT, and Grin. As an fast-emerging exchange, CoinAll was recognized as the first strategic partner of OKEx, the top-class exchange in the world. CoinAll is showing great ambition, pledging to become top-20 exchange in the world within 1 year with the help of OKEx. “We feel grateful to our users,” said Katherine Deng. “And we want to give back to our community and make it larger and stronger. This time, our new campaign also reflects our great determination that CoinAll will continuously offer projects of high quality and good trading experience to global users.” For more information about the promotion, please visit the link. SOURCE: CoinAll Related Links available on this link. The post CoinAll Launches a 10000 USDT New-User Campaign to Expand Community appeared first on AMBCrypto.

2 days ago

@veltre_nick @BudaloLado 6.5% is the interest on USDT and TU...

@veltre_nick @BudaloLado 6.5% is the interest on USDT and TUSD that is paid out to investors in the liquidity progr… https://t.co/q0Ufg2q7RT

2 days ago

Binance Lists IOST Against BNB And USDT

Binance, the world's largest cryptocurrency exchange has announced new trading pairs for IOST. IOST enjoyed a successful mainnet launch last month, which was supported by all major exchanges. Just yesterday, Binance announced a trading competition to celebrate the Mainnet launch. The exchange is giving away 10,000 BNB for the top IOST traders. To make trading easy, IOST will also be tradable against BNB and USDT starting 2019/03/22 4:00 AM (UTC). These pairs will also be accounted for the trading competition. IOST is priced at $0.009084, gaining 12.85% in the last 24 hours. (VS)

2 days ago

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB. The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. (RL)

2 days ago

Starting Friday, WAN will be paired up with USDT on Bitrue, ...

Starting Friday, WAN will be paired up with USDT on Bitrue, one of the most user-friendly crypto exchanges around.… https://t.co/P5Cx7nSql9

2 days ago

Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia

A Redditor reports that the world’s biggest crypto exchange may just plan to expand trading opportunities by offering margin trades in the future A while ago, a Redditor going by the name ‘enriquejr99’ who insists he is good at programming, published a post claiming he has spotted margin trading features on Binance API. Is Binance expanding its trading opportunities? The Redditor demonstrates a little of the code he found on the API documentation of Binance and analyzed it. However, he claims this code has not been enabled so far. Enriquejr99 says that for all Binance crypto pairs (over 480 of them) spot trading is enabled and margin trades are disabled. Still, he adds that the code he has found may be the sign that Binance is working on letting its customers conduct margin trades in the future. Despite other exchanges are doing their best to surpass Binance, the latter remains the most popular trading platform. Its community keeps increasing and Binance Coin, which is used on Binance Launchpad for token sales and by numerous partners too, is currently sitting on spot #7 on CoinMarketCap, being ahead of Tron (#10), Tether (#9) and XLM (#8). At press time, BNB is trading at $15.25. The Redditor believes that by offering margin trades Binance will attract even more customers and will significantly raise its profits. Its rival exchanges, such as OKEx and Bitfinex, are already benefiting from the market of margin trading which operates quite high volumes. The Binance CEO Changpeng Zhao seems ready to get a share of these profits for his exchange too. Setting fiat-to-crypto operations in Australia On Wednesday, Binance also announced that it has launched Binance Lite Australia platform. It allows ordinary people to buy Bitcoin in nearly 1,400 newsagents stores with Australian dollars. In the future, the exchange intends to add other fiat currencies to this service, apart from AUD, as well as offer a wider choice of crypto coins to buy. By this move, Binance hopes to accelerate mass crypto adoption in Australia. This is not the first time, the crypto exchange is offering locals to embrace crypto. In autumn 2018, it was reported that Binance had struck a partnership with an Australian startup TravelbyBit, investing $2.5 mln. TravelbyBit offers POS in airports around the world and in Australia itself, allowing people to convert BTC and ETH into fiat or pay for services directly with crypto. In the future, the company plans to add BNB to their terminals too. The post Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia appeared first on Ethereum World News.

3 days ago

Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally?

Following a spike to $4,068 from the low $3,900 region, the bitcoin price has experienced a slight pullback to $4,000. While the price of bitcoin slightly differs from region to region, on average, bitcoin is currently being traded at $4,017. Against Tether (USDT) on Binance, bitcoin has dipped below the $4,000 mark to $3,975. Minor Pullback Before Promising Rally or Retest of Previous Bitcoin Supports? Following a 3 percent increase in the price of bitcoin, several traders expected the dominant cryptocurrency to undergo a minor pullback. For over three months, bitcoin has remained in a relatively tight range between $3,700 The post Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally? appeared first on CCN

3 days ago

From USDT to JPM Coin: What’s Sparking the New Wave of Crypto Stablecoin Hype?

In just six months’ time, the concept of stablecoins has changed. The second wave of stablecoin craze hit the market at the beginning of 2019, but the stablecoin today already differs from what it was last year. What are stablecoins? A stablecoin is a coin pegged to a fiat currency, usually the US dollar, to The post From USDT to JPM Coin: What’s Sparking the New Wave of Crypto Stablecoin Hype? appeared first on The Daily Hodl.

3 days ago

Tether refutes allegations that it’s operating as a fractional reserve bank

A quiet update to Tether’s website suggests the stablecoin is playing fast and loose with its fragile ‘dollar reserves.' The post Tether refutes allegations that it’s operating as a fractional reserve bank appeared first on Decrypt Media.

3 days ago

Is Tether backed by hot air?

The stablecoin has always claimed to be 1:1 dollar backed. Now it admits it’s not. So what’s propping it up beyond press releases? The post Is Tether backed by hot air? appeared first on Decrypt Media.

3 days ago

Midas Protocol Blends with Kyber Network and IDEX to launch Universal Crypto Wallet

Midas Protocol, a universal crypto wallet bringing accessibility and security for all users in the crypto space, is designed for both the expert and crypto newbie alike. It is built to be the most innovative crypto wallet for all essential cryptocurrency operations, including safekeeping, intelligent trading and portfolio management. The Midas ecosystem uses a collection of tools to enhance the crypto trading activities of users, formulate viable investments and more. Midas wallet is available on both iOS and Android, and it also supports several crypto assets such as BTC, ETH, USDT, NEO, TUSD, TVND, TOMO, ZCOIN, MAS, DIVI, as well as various ERC-20 tokens, NEP5, and TRC-20 tokens. Importantly, the Midas wallet has also joined forces with Kyber Network and IDEX to offer users an excellent trading experience directly from their mobile phones. The wallet supports more than 500 tokens and has also integrated with Vinex Network to allow users to trade through API. That’s not all, Midas also features an in-built dApp browser that runs in a frictionless manner with deep-link and address book to offer users the most convenient trading experience. With the Midas multi-coin wallet, users will be able to : Trade on both iOS and Android, with support for desktop and web coming soon. Securely store numerous cryptos Easily send cryptos to friends and contacts Easy payments on crypto-supporting E-commerce sites Conveniently trade on decentralized exchanges without sending private keys or API keys to third parties Monitor their portfolio in real-time Get notifications concerning trade execution and significant price movement Get rewards with high-performance ROI portfolio Follow, copy and subscribe to trading strategies of experts. Midas wallet allows users to protect the data file that contains their private keys and API keys with a password that gets encrypted by the system, making it harder for bad actors to steal users’ funds. Midas has also allied with Sentinel Protocol to allow the latter to integrate it into its Interactive Cooperation Framework (ICF) API with Threat Reputation Database (TRDB) containing security intelligence whitelists and blacklists detailing confirmed IOC’s of phishing, malware, hacks and scam threats. Midas Protocol is also a member of the Foundation for interwallet Operability (FIO), a platform made up of leading wallets and exchanges. The Vinex.Network crypto exchange is also part of the Midas ecosystem, and it has listed several coins and tokens so far. Vinex.Network exchange offers: High-performance trading, processing 500,000 orders per second Extensive APIs 24/7 support Staking reward Airdrop center OTC support and more. In addition to the partners mentioned above, other partners of Midas include TrueVND, TomoDice, TomoBowl, TomoDome, Midashimaya, NewCater, CoinUp24, B.E.S.T Center and more. For more: Website: https://www.midasprotocol.io Facebook: https://facebook.com/midasprotocol.io Telegram: https://t.me/midasprotocolglobal Email: phillip@midasprotocol.io The post Midas Protocol Blends with Kyber Network and IDEX to launch Universal Crypto Wallet appeared first on ZyCrypto.

3 days ago

Tether’s USDT Stablecoin Not Necessarily 100 Percent Backed By USD

Tether says its coin is backed by “cash equivalents” and “other assets.” But what are these?

3 days ago

BitGo Launches Custody for Blockchain Capital’s Security Token BCAP

Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token, according to a press release shared with Cointelegraph on March 19. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. BCAP represents an indirect economic interest to the limited partnership interest in the tokenized investment fund, and is the world’s first security token that was sold in an ICO. According to the recent BitGo announcement, BitGo users will now be able to hold their BCAP assets using BitGo Trust Company, a qualified and regulated custodian that provides compliant custody for security tokens. As a part of the announcement, BitGo has also introduced its multi-signature wallet security. Ben Chan, BitGo’s chief technology officer, said that qualified custodial services that are compliant with securities regulations are critical for users of the platform. Recently, Estonian Nasdaq-powered digital trading platform DX.Exchange announced the launch of its own security token trading and security token offering (STOs) listings. The platform reportedly allows investors to buy security tokens using both fiat and crypto such as Bitcoin (BTC), Ethereum, Tether (USDT) and Ripple (XRP). Previously, insurance giant AXA XL launched an insurance product that covers equity crowdfunding and STOs, and purportedly protects new online capital formation techniques, aiming to increase trust, confidence and security to potential investors guaranteeing that the issuer is insured.

3 days ago

TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs

TRON (TRX) keeps on rolling with the newest adoption across various trading platforms. Announced on March 19, ADAX, Dubai based digital asset exchange-listed TRX against three trading pairs - namely, USDT, BTC, and ETH. Powered by Arabtizor Holding Inc., as an online portal, ADAX or Arab Digital Asset Exchange is an online crypto exchange in the Arab world. The exchange supports minimum cryptocurrencies on its platform - Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO (NEO), XRP, Qtum (QTUM) and Ethereum Classic (ETC). Per the recent announcement, ADAX users can now access to 10th largest cryptocurrency, TRX with pairs of USDT, BTC, and ETH. We are delighted to announce $TRX @Tronfoundation @TRON_AR as one of the leading digital assets listed over ADAX Bitcoin Exchange against 3 pairs: TRX/USDT, TRX/BTC and TRX/ETH pic.twitter.com/Sz4g73s1n9 — ADAX (@ADAXarabia) March 19, 2019 Justin Sun’s TRX is on the booming era of adoption - as such, Coingape recently reported ABCC exchange was the latest to add TRX on its platform. Following ABCC partnership with Tron foundation, TRX is now available of ABCC exchange as a base trading currency. Thank you @CoinGapeMedia for covering the latest developments in the ABCC and @Tronfoundation partnership! #TRX has been added as a base trading currency, with more TRON projects expected to come onboard ABCC! Read the article for morehttps://t.co/YfR4BnMyZb — ABCC Exchange (@ABCC_Exchange) March 19, 2019 With the continuous listing announcement by platforms like ABCC, ADAX and NovaDAX South American exchange, TRX at the moment sits at the 10th spot, gaining 0.26 percent over the past 24 hours. As such the value of one TRX crypto counts $0.02 and the average market cap valued $1,534,562,066. Image source - coinmarketcap.com So readers, what do you think of TRX being listed on ADAX exchange? share your thoughts with us. The post TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs appeared first on Coingape.

3 days ago

Circle CEO: Circle Is Weathering the Cryptocurrency Market Decline Just Fine

In an interview with Fortune published on March 18, Circle CEO Jeremy Allaire said that the bear market has diminished investors’ interest in the emerging market and affected Circle’s Over-the-counter (OTC) trading business that has historically proven to be the firm’s biggest source of income. However, Allaire was upbeat and said that his firm would weather the storm and is doing just fine in the bear market. The Bear Market and Survival Allaire admitted that unfavorable market conditions such as lack of volatility are bad for Circle’s business. “Well, [business] is down. When there’s not volatility, or prices are down, then volumes are down,” said Allaire on Fortune’s Balancing the Ledger, a show that covers topics on the intersection of technology and finance. Allaire went on to argue that his firm, which he co-founded in 2013 with Sean Neville, is managing the situation. “We had very significant growth year last year, even though there was a crypto bear market,” said Allaire. He further added that the U.S.-based financial technology startup specializing in peer-to-peer payments managed to grow its revenues and customer base in the same period. The blockchain startup has already raised more than $135 million in four rounds of financing from notable investors that include Goldman Sachs, crypto mining giant Bitmain, Chinese technology company Baidu Inc., and others. The startup bought Poloniex, a cryptocurrency exchange in a deal worth around $400 million in 2018. The startup was valued at approximately $3 billion after its recent round of funding led by Bitmain, but recent reports suggested that the company’s valuation had fallen below $1 billion. Allaire brushed off the reports saying that: “I can’t comment on specific transactions or specific prices or things like that, but the way that was characterized was inaccurate.” Future Plans and Dealing With Facebook’s Stablecoin Allaire said that Circle’s recent acquisition of SeedInvest would enable the firm to venture into the regulated sphere of issuing securities. He indicated that in the future, his firm would focus more on selling tokenized securities or investment contracts recorded on distributed ledger technology (DLT). He said: “We’re going to look at ways that we can bring the benefits of digital assets, crypto technologies, and blockchains into this whole area of issuing securities over the internet.” In October last year, Circle partnered with Coinbase, the largest cryptocurrency exchange in the United States, to launch the USD Coin, the second-most valuable stablecoin (with a market cap of nearly $244 million at the time of writing) after the controversial Tether (USDT). When the discussion moved towards Facebook’s reported stablecoin, Allaire said that he is not threatened by it but welcomes the competition as it is a sign that internet companies are beginning to appreciate the value of cryptocurrencies. “I think it’s a great sign that major Internet companies are starting to look at issuing cryptocurrencies. That’s very, very positive in our view overall,” said Allaire. He added that the stablecoin that is going to win the race is the one that employs an open standards approach - the same strategy his firm is pursuing after partnering with Coinbase. This, according to Allaire, gives the USDC a competitive advantage over its peers. Circle CEO: Circle Is Weathering the Cryptocurrency Market Decline Just Fine was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

3 days ago

Stablecoins Still Shakey, Diar Report Indicates

Tether, a crypto often in the limelight of controversy, is causing yet another stir in the stablecoin industry as its latest Terms-of-Service (ToS) update highlights “pan-stablecoin risks” according to the latest report from digital currency research firm Diar, March 18, 2019. Contentious at Best While being the industry-favorite stablecoin, Tether has fascinated, bewildered and frustratedRead MoreRead More. The post by Eddie Mitchell appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

3 days ago

Bitcoin exchange Bitinka to update user wallets for Lightning Network

CryptoNinjas Bitinka, the Latin American based bitcon exchange, today announced that on March 26th, 2019 from 4:00 PM (GMT-5) the exchange development team will be performing an update to its Bitcoin wallet (BTC), as part of Tether (USDT) and Lightning Network (LN) integrations. From the date... Bitcoin exchange Bitinka to update user wallets for Lightning Network

3 days ago

Crypto Market Update Mar.19: Bitcoin At $4000 Again, IEO The New ICO, Lightning And More

During the past few weeks, we have witnessed price surges of another new developed Altcoin season, which is here with us. Leading the ROI list is the IEO, which is the new ICO: Those are Initial Exchange Offerings on designated platforms inside the crypto trading exchanges, which are currently generating phenomenal ROIs for their investors and attracting many other eyes. Just hours ago Celer Network had recorded the all-time high number of users willing to participate on a single fundraising of Binance Launchpad. We have been there already during the ICO bubble of 2017, so what is different this time? Does exchange filtration work as a better solution for fundraising? time will tell. But as of now, more and more exchanges are building their own fundraising mechanism: Binance is already there, OKEx, Bittrex, Kucoin, Houbi and more are soon to join the fundraising party. Bitcoin eco-system continues to grow, despite the declines. The Lightning Network has already passed 1,000BTC, and its adoption continues to grow. Another sign suggesting the end of the correction is the news from CBOE, which announced that it would not issue additional futures. In fact, CBOE was the first institutional group to issue such contracts, and because of the long downtrend, they have decided to stop them for the time being. However, CME will continue business as usual. IBM is launching an international payment system to enable transparency and reduce the cost of transfers - and this can bring a greater economic opportunity for all. The ETF is once again in the headlines with another story of bureaucratic red tape, and the whole market is now looking at Bakkt. Despite the niche nature of the crypto industry, mainstream companies are also looking to warm up in the light of the crypto phenomenon, and many financial institutions are using the hype around Blockchain technologies like the stable currencies issued by the banks. A tip for such a period of uncertainty about the market direction is to be careful in deciding to buy coins and remember to set a clear goal for each transaction. Of course, if it is for the long-term, it is important to learn about the various currencies and remember that the exchange is not a purse and it is recommended that you do not leave coins there unnecessarily. It is also important to note that even if you believe that we have reached the market floor, it is never worthwhile risking sums that will hurt you to lose. Bitcoin dominance is approaching 50%, and the Alts continue to rise, similar to the amount of information flowing from all over the world. Market Data Market Cap: $140.6 B 24h Vol: $29.5 B BTC Dominance: 50.8% BTC: $3,992 %3.7 ETH: $140.8 %4.3 XRP: $0.31 %0 Crypto News World’s First Global Investment App Abra Expands Support for Ethereum (ETH). Second largest cryptocurrency, Ether, will have new volumes after Abra announced users can now buy and sell directly from their app. Celer Broke the Binance Launchpad Record - Binance Launchpad has completed another successful token sale - that of Celer Network that broke the record as 39K users applied for the sale. However, the community is disappointed. Tether Silently Updates Its Terms - USDT May Not Be 100% Backed By FIAT. Tether has added fuel to the fire on speculations that their USDT stablecoin is not 100% backed by fiat. Last week, the project said they are now using other assets, rather than fiat, to back the token. Google Trends Confirms 2019’s Altcoin Season, But It’s Far From The All-Time High. The bear market has led crypto traders into the second major altcoin season ever. When was the first? A Glance Into The 2017 ICOs Wild, Wild West. A member of an ICO team shares a touching story of how they mismanaged investor funds and freely practiced insider trading. QuadrigaCX Scandal Effects? Canada Proposes a Ban on Cryptocurrency Short Selling and Margin Trading. Following the saga involving QuadrigaCx, regulators in Canada are proposing new changes that will adversely impact crypto trading in the country. Visa Hiring Blockchain Expert For ‘Visa Crypto.’ Everyone is doing crypto and Visa is tired of just being a spectator, and are listing an opening for a blockchain expert. Charts This week we have chart analysis of Bitcoin, Ethereum, Ripple, OmiseGO and Stratis - Read more here. The post Crypto Market Update Mar.19: Bitcoin At $4000 Again, IEO The New ICO, Lightning And More appeared first on CryptoPotato.

3 days ago

Huobi Token Price Surge Continues as Value Surpasses $2.50

Not all momentum in the cryptocurrency industry makes sense at first. While there are some interesting price changes taking place right now, few currencies note nay real bullish momentum. The Huobi Token price, on the other hand, has noted very strong gains all week long and seemingly continues down the same path without too much resistance. Huobi Token Price Run isn’t Over Holders of Huobi Token will be quite pleased with the way the value of their token is going lately. After what seemed to be an extended period of sideways trading, HT suddenly decided to break out a few days ago. So far, the momentum hasn’t let up, as today’s gains clearly illustrate. In this day and age, tokens associated with popular crypto exchanges all tend to do quite well, it would appear. Over the past 24 hours, the Huobi Token price has increased by another 14.5% in USD, BTC, and ETH value alike. These gains push the value to $2.52, 62,234 Satoshi, or 0.0148 Ether. A very interesting turn of events, as Huobi is not talked about that often in comparison to some other big trading platforms. There is also a heavy increase in HT trading volume right now, as its volume has surpassed the Huobi Token market cap. Speaking of trading volume, Huobi Global is not the only place noting an increase in HT trading. LBank and Gate.io are both in the top 4 as well with their USDT pairs. This is in line with what happens on Huobi Global, as the USDT pair on that platform is also generating the most volume. It is evident this price run may continue for quite some time to come, as there doesn’t appear to be any real price resistance to contend with at this time. On social media, it seems some traders are ready to ditch Huobi Token and look for greener pastures. Klondike confirmed their Telegram channel called out HT a while ago and took a lot of profit in the process. With the position now almost entirely liquidated, it may be a good time to look at other markets in search of further profits. It will be interesting to see how this will affect the overall HT momentum over the coming hours and days. #HT Huobi Token gave us more than 40% profit since we called it 11 days ago in our Telegram Channel. Really nice results, just as expected. We've closed 75% of the position. pic.twitter.com/G1mWQUOL3v — Klondike (Crypto Rush) (@KlondikeRush) March 20, 2019 For those merely interested in the price chart, even Huobi Global seems to confirm things are not looking that promising in terms of sustaining this uptrend. While there are clearly strong gains in HT/USDT, it would appear this momentum may not remain in place for very long. Depending on what happens to Bitcoin and the HT trading volume, the coming hours will prove to be rather interesting. No massive setback is to be expected at this time, but one never knows what the future will hold. [ $HT/ $USDT] Huobi Token is up 7.86 % to 2.38 $USDT.Details: https://t.co/RAguU6fD7x#HuobiToken #HuobiPrime pic.twitter.com/4EXvyCsEtc — HuobiGlobal (@HuobiGlobal) March 20, 2019 As is always the case in this strange and volatile industry, making sense of individual markets is difficult, if not nigh impossible. For Huobi Token, an interesting trend has formed. Hardly ever does one see a market generate more trading volume than its overall market cap. Only time will tell if that is a good thing for HT, as there is a good chance that aspect may come back to harm this particular market before the day is over. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Huobi Token Price Surge Continues as Value Surpasses $2.50 appeared first on NullTX.

3 days ago

New Update to Tether (USDT) Terms Causes Further Concern Among the Crypto Community

A user on Reddit recently posted a screen capture of the recently updated terms and conditions posted on the website for Tether (USDT), which is causing further concern among the crypto community as to the validity of the project. According to the updated terms, “There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchage of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.” (JF)

4 days ago

Crypto Market Wrap: Stellar Surges to Overtake Binance Coin After Coinbase Listing

Today, the crypto markets continue consolidating after the weekend surge. As at the time of writing, 8:12 AM UTC, BTC is trading at $4,035. ETH is changing hands at $139.43 and lacks the momentum to tick once again. XRP has traded sideways for the past few days and is currently trading at $0.3164. The most significant gainer in the top-10 is XLM, which recently got listed on Coinbase. This listing saw XLM gain 5.14% to flip BNB and USDT to become the 7th most valuable cryptocurrency on CoinMarketCap. However, BNB has surged and pushed XLM to the 8th position. (KE)

4 days ago

Rival Stablecoins Post Monthly Attestations as Tether's USD Backing Comes Under Question Again

Tether has updated its terms of services to say “Every Tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time...other assets and receivables from loans made by Tether to third parties, which may be affiliated entities.” This new statement is vastly different than its previous claim that all USDT were backed 1:1 with USD reserves. The news that Tether loans customer funds to a third party and business affiliates has drawn severe criticism from the crypto community and amidst this scandal USDT’s rival stablecoins posted monthly attestations reports which show their digital assets are backed by USD reserves on a 1:1 ration. TrueUSD has released up to three attestation reports per month since March 2018 and the most recent report shows the company’s 201,727,658 TUSD tokens backed by $202,621,765. Circle posted its fourth monthly attestation on February 15, 2019, and it shows 307,903,924 USDC tokens backed by $307,848,312 USD held in custody accounts. Paxos’s September 2018 report shows 109,543,189 PAX backed by a USD reserve of $109,543,189. (RS)

5 days ago

Daily Berminal Brief: Former Mt. Gox CEO Sentenced To 2 Years In Prison, And Cboe Halts Bitcoin Futures

The State of The Market - March 15, 2019 BTC: $3,945.00 (+0.65%) ETH: $135.91 (+1.86%) XRP: $0.314598 (+0.41%) Despite the sideways movement, there is a slight uptrend today. This weekend could turn out to be bullish, as bulls strengthen their grip. The total market cap added over $2.2 Billion in the last 24 hours. Also, Bitcoin is slowly moving to $4,000 with the 24-hour trade volume increasing by $1 Billion. Most major cryptocurrencies are up by more than 1% right now. In other news, Coinbase has announced that its Coinbase Wallet app now supports XRP, meaning users can now store and transact with their XRP directly from the wallet. This comes after the popular exchange began trading the cryptocurrency at the end of February. The new wallet update with XRP support will be released to users of both iOS and Android devices during the next week. Also, Tether has silently updated a sentence on its website, saying "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities." The last part about other assets and receivables was just included. Reddit users pointed out that backing by anything other than USD compromises the coin's legitimacy. 1) Mark Karpeles, the former CEO of the Mt. Gox cryptocurrency exchange, was sentenced to 2 years, 6 months in prison today after he was found guilty of tampering with records by Tokyo District Court. Karpeles was found not guilty on two charges, embezzlement and violation of company law. According to The Wall Street Journal, Karpeles was "given a suspended sentence, meaning he probably won't have to serve prison time." Karpeles was not on trial for the actual disappearance of the $450 million in bitcoin from the exchange, which resulted in the bankruptcy of Mt. Gox in early 2014. The bankruptcy proceedings related to Mt. Gox are still ongoing as of March 2019. 2) The Cboe Futures Exchange (CFE) has informed traders that it will not be adding a new Bitcoin futures market for March as it had originally intended. The announcement reads: "CFE is not adding a Cboe Bitcoin (USD) ("XBT") futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading." Currently listed bitcoin futures contracts will remain available for trading, with the last contracts listed expiring in June. 3) The Stock Exchange of Thailand (SET) announced Wednesday to roll out digital asset platform in 2020. SET is working along with several third-party financial collaborators to develop the software platform that facilitates both existing investment and exchange services for digital assets. Plus, SET is going completely paperless, allowing clients to open paperless accounts digitally through electronic identification verification. The Thai stock exchange reportedly had a three-year plan for the cryptocurrency platform but scrapped it in favor of a 2020 target for supporting crypto trades on the SET. (VS)

8 days ago

Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

CoinSpeaker Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This The crypt-community awakened with the revelation that the USDT is not really backed by the dollar and commentators allege that it could in future pull an exit scam stunt. Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

8 days ago

OKEx Signup Bonus

OKEx Signup Bonus Airdrop is worth 10 USDT for new users from UK, Russia, France, Germany, and Turkey only. About OKEx OKEx is a world-leading digital asset exchange, providing advanced financial services to traders globally by using blockchain technology. OKEx believes the blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. They strive to achieve something that changes the world and never stop to innovate and improve on their customer experience. Would you like to receive the latest free Airdrop Alerts? Join our Telegram or Twitter.

8 days ago

The fictional trading reserve

Putting the real stable in stablecoin. Tether, the world's most notorious stablecoin continues to strain credulity.

9 days ago

The de-tethering of Tether, and more

Today's Debrief: Tether admits its dollar reserves are ... special. Coinbase Pro lists Stellar. China strikes a blockchain deal. Bitcoin's carbon footprint.

9 days ago

Tether (USDT) Changes Terms, Implies they Are No Longer Dollar-Pegged

Tether (USDT) is once again the subject of suspicions as it was discovered that some sly changes have been made to their terms and conditions which brings into question their dollar-pegged status. The findings were brought to light via a Reddit post on March 14, 2019. Times Are Changing You’d be hard pressed to findRead MoreRead More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin,...

9 days ago

On February 26 Tether updated its ToS, which was directly co...

On February 26 Tether updated its ToS, which was directly communicated to customers on the same day and required ac… https://t.co/uBToLS6Trw

9 days ago

New Update Reveals that Tether (USD₮) May Not be Fully Backed by Fiat

A recent update by the world’s most popular and highest ranking stablecoin — Tether (USD₮) , reveals that the coin might not be fully-backed by the US dollar like it previously claimed. Tether (USD₮) Updates its Website This new detail was revealed via a recent update on the stablecoin’s website. The update made it known […]

9 days ago

Revealed: Controversial Crypto Tether May Not Be Fully Backed By Fiat

The stablecoin Tether is raising doubts once again about its claims of being fully backed by the US dollar. A new update on its website shows that its reserves may at times be comprised of assets other than the US dollar, which is a major deviation from its initial claims that Tether is 100% backed […]

9 days ago

Tether Provides Update, Admitting USDT Is Not 100% USD-Backed

A redditor posts a message, citing an official Tether announcement in which the platform admits that previously USDT was not fully dollar-pegged

9 days ago

Tether Now Admits It’s Not Fully Backed By Dollars

In a development everyone paying even the slightest bit of attention should have seen coming, the crypto “stablecoin” Tether has amended its public claims about the assets that guarantee the coin’s value. Tether’s website has publicly stated for years that “every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 […]

9 days ago

Tether Quietly Dilutes USD Reverse Claims, Drawing Community Criticism

Tether, the company behind the controversial USDT stablecoin, has recently quietly updated its website to dilute its claims every USDT token was backed by a US dollar in its reserves, to now include “cash equivalents” and third-party loans.

9 days ago

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

9 days ago

Each Tether (USDT) May Not Be Backed By 100 Percent Fiat

By design, Tether (USDT) is a refuge for crypto traders seeking security in exchanges supporting the stable coin. Expected to have a 1:1 fiat—crypto peg, the recent change in wording is a cause of doubt and may trigger a run, a sell off as capital flow to Bitcoin.

9 days ago

Tether Disputes USD Backing Claims On Website

Tether has been one of the most controversial stablecoins out there. While most coins now promote transparency, Tether, the largest stablecoin by market cap does not. There have been multiple controversies around Tether's reserves and the company has done very little to dispute it. The company has silently updated a sentence on its website, saying "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities." The last part about other assets and receivables was just included. Reddit users pointed out that backing by anything other than USD compromises the coin's legitimacy. (VS)

9 days ago

Breaking: Tether Silently Updates Its Terms – USDT May Not Be 100% Backed By FIAT

Tether has gone through numerous scandals over the past year that created a dubious atmosphere around its USDT tokens. Now, the company has updated its website, stating that its reserves “may include assets other than fiat currency.” The silent website update According to a February 19, 2019 web archive, Tether stated on its website that […]

9 days ago

Tether quietly updates its collateral breakdown, which includes ‘cash equivalents’ and third party loans

Tether has made a discreet bid to face off scrutiny over its stablecoin, USDT, updating their website to clarify how their reserves are made up.

9 days ago

Tether Once Again Pulls a Sneaky Update

Tether used to claim that 1 USDT was backed by 1 USD in reserves. This has now been silently changed to >Every tether is always 100% backed by **our reserves**, which include traditional **currency and cash equivalents** and, from time to time, **may include other assets** and receivables from **loans made by Tether to third parties**, which may include **affiliated entities** (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always **valued** by Tether at 1 USD. They openly admit they send funds to bitfinex. USDT is now officially not backed 100% by USD. I guess we're back to trusting 3rd parties, running fractional reserves, to run the market. https://tether.to/ Proof of funds link also leads to a dead page.

9 days ago

Tron Founder Justin Sun Announces $20 Million Giveaway

Tron founder Justin Sun has announced a $20 million dollar airdrop give away and participants also have the opportunity to win a Tesla. To participate, Tron supporters must retweet his post on Tron’s “global appreciation campaign” and Sun will randomly select 1 lucky winner for the Tesla on March 27. At the time of writing the post has been retweeted more than 28,000 times. Tron’s appreciation campaign is meant to celebrate the introduction of BitTorrent token (BTT) and the recent partnership with Tether who is creating a Tron/USDT pair. (RS)

10 days ago


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