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Tether


A second stablecoin has broken its peg with the U.S. dollar – except this one’s soaring well above a buck, not tanking below it. According to data from CoinMarketCap, the Gemini exchange-issued Gemini dollar (GUSD) saw its price hit an all-time high of $1.19 Tuesday after first breaking its dollar peg on Monday, when it …

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Today started out the week in crypto with a bang as Bitcoin saw price discrepancy among exchanges. Tether fears continue, OKEx lists four new stablecoins, and mainstream interest in crypto continues. Let’s check out today’s action! Tether Hits Record Low Against USD For those that are unfamiliar, Tether (USDT) is a cryptocurrency supposedly pegged to …

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Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s English-language …

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Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) from the Winklevoss-founded New York …

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This post was originally published here Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer …

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This post was originally published here Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar …

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The price of the tether stablecoin (USDT) has fallen to an 18-month low Monday, despite a general rise in the wider crypto markets. The tether-US dollar exchange rate (USDT/USD) fell to $0.925284 at 07:00 UTC  – the lowest level since April 27, 2017 – and was last seen trading at $0.967296, representing a 2 percent …

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Cryptocurrency markets rallied on Monday morning, with bitcoin leading the charge. Bitcoin climbed as high as US$7,000 on some exchanges, marking largest single-day rally in months. As expected, many other cryptocurrencies followed suit, with ether and XRP both posting double digit gains before falling back slightly. The big surprise, however, was Tether which came unhinged …

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The crypto market is coiled like a spring, ready to explode in either direction, as news continues to roll in. Institutional and mainstream interest continues to build, and Bitcoin’s price still lies dormant. Here’s today’s action: ICYMI (In Case You Missed It) How Blockchain Technology Can Enhance Cybersecurity Lately, there has been a seemingly endless …

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Hong Kong-based crypto exchange Bitfinex has hit back against claims it is insolvent and disclosed wallet addresses that hold over $1.5 billion in crypto assets. The company, which shares management with Tether, the venture behind the U.S dollar-pegged crypto USDT, stated in a blog post on Sunday that it is not insolvent, and “a constant …

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Another quiet day in the world of crypto, as Bitcoin price again lurks in the shadows. Here’s today’s movement: Coinbase Adds Charles Schwab Advisor To Board Of Directors In continued growth, Coinbase made a couple of notable additions to the team today. Chris Dodds was welcomed to the board of directors, and Jonathan Kellner (former …

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The issuance of tether (USDT), the controversial cryptocurrency tied to the U.S. dollar’s value, has had no meaningful impact on the price of bitcoin, an academic study has found. The findings by Dr. Wang Chun Wei, a lecturer at the business school of Australia’s University of Queensland, contradict widespread and long-running speculation that Tether, the company behind …

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Eidoo has become the latest cryptocurrency startup to seek to create a more stable token by tying it to the price of gold. The Switzerland-based startup says the ERC-20-compatible token, dubbed the ekon, will sit alongside its multicurrency wallet and decentralized exchange. But perhaps more notably, each token will be redeemable for one gram of …

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A top-20 exchange is phasing out an embattled cryptocurrency. Digifinex has decided to replace tether (USDT), perhaps the best-known “stablecoin” designed to maintain a steady exchange rate with the U.S. dollar, with a rival, TrustToken’s TrueUSD. Based in Singapore, Digifinex handled $131 million in trading volume over the past 24 hours, according to CoinMarketCap, making …

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Bill Barhydt is the founder and CEO of Abra, a global crypto wallet and exchange network. There are plenty of misconceptions surrounding stablecoins. One of the main things that I hear frequently is that they will somehow bring the volatility of current crypto markets to heel. Maybe this is implied by the name, or maybe …

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The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed …

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Tether, the company behind the controversial, dollar-tied “stablecoin” known as USDT, has hired a chief compliance officer from the eighth-largest bank in North America. Leonard Real is a former anti-money laundering (AML) analyst for the Bank of Montreal, where he worked for four years in three different positions. The hiring announcement comes less than a month …

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As they say, shots were fired. An investigative article raising concerns about possible market manipulation of tether has sparked a social media firestorm, with the dollar-pegged cryptocurrency’s detractors, supporters and seemingly everyone in between weighing in. In an incendiary take on an already controversial topic, Bloomberg analyzed tether trading data from the Kraken crypto exchange …

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Reports that the code for Tether’s dollar-pegged cryptocurrency USDT may contain an error that can be exploited to allow double spending appear to be false. According the latest statements from both blockchain security firm Slow Mist and Tether, the issue is actually down to an exchange integration flaw. On Thursday, Slow Mist claimed in a WeChat post …

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Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company. Reuters reported Friday that Potter, who is also a director of the ‘stablecoin’ issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. A spokesperson told the news service that the parting was “mutual” in nature. …

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