Bitcoin Blockchain and Cryptocurrency News Center
With the chaotic phase that the crypto market is going through, Tether (USDT) trading volume in Q1 of 2022 plunged lower compared to the same quarter of last year. The total Tether transaction for the first quarter of 2022 is 26,454, the NewsBTC reported. Even though the bearish trend has seen many investors turning to […]
One of the best performer assets in the crypto top 10 by market cap, Cardano (ADA) keeps strengthening its ecosystem. As the network prepares for its next major Hard Fork Combinator (HFC) event, called Vasil, its DeFi sector could add some of the most popular assets in the space. At the time of writing, ADA’s […]
A third tranche of USDT leaves a wallet thought to hold funds earmarked to purchase at least $3 billion of Bitcoin. Bitcoin (BTC) returned to $43,000 on March 24 as new purchases by blockchain protocol Terra fuelled optimism. The BTC buys keep coming Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to crack and secure its highest […]
Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan. The three accounts will now not be able to move funds. In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer. Tether has said in the […]
Crypto exchanges offer USDT- and BTC-settled perpetual futures contracts, but which is best suited for the average trader? When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to […]
2020 will be forever remembered as the year Bitcoin took its victory lap, rising from the ashes of $3,700 to smash through its previous all-time high. While countless central banks wilfully debased their fiat currencies, Bitcoin hurtled like an unstoppable freight train as institutional investors boarded en masse. Of course, digital gold wasn’t the only winner: […]
Responding to a tweet by a Lightning Network developer, the CTO of Tether Paolo Ardoino explained what has been the source of the collateral for the USDT it has been printing regularly in tens and hundreds millions of coins. However, the users in the comment thread are still doubtful. ‘Tether receives wires to make new […]
As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high, the Cointelegraph writes. Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although […]
As the Cointelegraph announced, Tether has reached $10 billion in market capitalization as growth in 2020 picked up. Tether (USDT) has reached a market capitalization of more than $10 billion as of July 22. The milestone was announced by Tether and also seen through the market price aggregator CoinGecko. Tether’s issuance has seen a significant growth in […]
According to a recent report published by Ethereum-oriented software engineering company ConsenSys, Tether (USDT) has the highest level of wealth distribution among the leading stablecoins. The top 100 whales hold 46.5 percent of the coin’s total volume, with the largest Tether accounting for 6.6 percent of all tokens. Stablecoin whales Since stablecoins are mostly used for trading, […]