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Tether Stablecoin Issuer: USDT Backed 1:1 With Reserves Again

Tether, the creators and issuers of the tether (USDT) stablecoin, said this week that its dollar-pegged cryptocurrency is once again backed 1:1 with its fiat reserves, after a company affidavit back in the spring noted that only “74 percent of the current outstanding tethers” were backed by “cash an..

Tether Supports Peter McCormack’s Defense Against Craig Wright

News Leading stablecoin operator Tether has announced it will support crypto podcaster Peter McCormack in a lawsuit against self-proclaimed Bitcoin (BTC) creator Craig Wright. General counsel for Tether and cryptocurrency exchange Bitfinex, Stuart Hoegner, revealed on Nov. 8 that Tether also rejec..

Tether Rebuts “Flawed” Assertion That Bitcoin’s 2017 Run Was Manipulation

Over the past few days, Crypto Twitter has been awash with a discussion about one subject: a paper from two American academics that asserted that Bitcoin’s historic rally in 2017 from $1,000 to $20,000 was predicated on manipulation. The paper, for some reason or another, gained much traction in th..

Tether Refutes Paper Naming USDT Manipulation as Cause of 2017 BTC Bull Run

News Tether has issued a response to a recently surfaced paper that alleges that a single whale manipulated the market to cause 2017’s bull run in Bitcoin (BTC) price. The responseTether, which is behind the dollar-backed stablecoin USDT, published the response on the company’s website on Nov. 7, ..

Analysts Laugh Off Recent ‘One-Whale Theory’ of BTC’s 2017 Bull Run

Analysis Just a single player or entity was allegedly responsible for Bitcoin’s historic price surge, as suggested by a recently updated academic paper titled “Is Bitcoin Really Un-Tethered?” Originally released in the summer of last year, the study claimed that major Bitcoin (BTC) price manipulat..

3 Reasons Why One Trader Didn’t ‘Manipulate’ Bitcoin Price to $20K

News Bitcoin (BTC) price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed recent research which claimed Bitcoin’s bull run to $20,000 was the result of efforts by a single wallet ..

Crypto Exchange OKEx Is Listing Tezos With Bitcoin, Tether Pairs

News The world’s 3rd largest crypto exchange OKEx has announced it will be listing Tezos (XTZ) later this week. In an announcement shared with Cointelegraph on Nov. 4, OKeX said that XTZ deposits will be available as of 09.000 UTC on Nov. 6, with XTZ spot trading against Bitcoin (BTC) and Tether (..

One Whale Was Behind Bitcoin’s 2017 Bull Run, Claim Researchers

News Researchers have escalated their claims about market manipulation in winter 2017, now claiming that a single whale was responsible for Bitcoin’s historic price surge. The development was reported by Bloomberg on Nov. 4. John M. Griffin and Amin Shams — of the universities of Texas and Ohio re..

Bitfinex Crypto Exchange Moves $1.5M of Stablecoin to Bitcoin Sidechain

News Cryptocurrency exchange Bitfinex moved 1 .561 million Tether (USDT) from the Omni Protocol to the Liquid Bitcoin (BTC) sidechain. Bitfinex CTO Paolo Ardoino announced the U.S. dollar-pegged stablecoin’s protocol swap on Twitter on Nov. 2. The conversion increases the quantity of USDT availabl..

Are Stablecoin Futures Built to Last?

Analysis OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could o..

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