Category: Tether

Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary Judgment

Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary JudgmentBitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt. The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex. In June, the plaintiffs namely, Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz […]

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BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily

BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M DailyBitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues. The data […]

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Tether Prints $300 Million, While XRP Reclaims Third Spot

Tether Prints $300 Million, While XRP Reclaims Third SpotTether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone. The latest USDT printing will see the top stablecoin’s market capitalization significantly passing the $10 billion mark. Responding to a whale alert twitter post, however, Paolo Ardoino the CTO […]

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Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed

Veteran Analyst Peter Brandt Scorns 'XRP's Bag Holder,' Compares Ripple to the FedVeteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.” A number of digital currency investors […]

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Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value

The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s […]

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Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket

Ethereum's 2020 Defi Boom Doubles Active Ether Addresses, But Fees SkyrocketThe number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized […]

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$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefits of SLP Tokens

$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefits of SLP TokensDuring the first week of July, crypto supporters noticed that Tether issued 1,010 stablecoins via the Simple Ledger Protocol (SLP) framework on Bitcoin Cash. Now there’s a much larger amount of SLP-based tethers in circulation as the company has minted a total of 6 million on the Bitcoin Cash blockchain. Digital currency enthusiasts have been […]

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Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurrency Market Price Drop

Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurrency Market Price DropThe total supply of stablecoins in existence has doubled to 12 billion, following an increased demand sparked off by the March 12 (Black Thursday) 50% crypto price crash. The findings from the latest research study by Coin Metrics, which is sponsored by Bitstamp, show that it took a period between March 12 and the first […]

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Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises

Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure RisesThe overall market capitalization of all 5,700+ cryptocurrencies in existence lost around $10 billion during the overnight trading sessions. Most crypto assets have lost 2-5% in value during the last 12 hours, and a number of speculators blame the recent Twitter hack. The price of bitcoin (BTC) and a number of other digital assets worldwide […]

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Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds

Bitfinex Must Face New York's Accusations Over the Loss of $850M in Co-Mingled FundsThe popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was […]

The post Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds appeared first on Bitcoin News.

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