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Tether (USDT)

Ethereum Price Analysis: ETH Rallies Further, $2,500 Could Be Next

Ethereum price started a fresh increase above the $2,150 resistance against the US Dollar. ETH price is currently trading well above $2,200 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2,220 on the 4-hours chart (data feed from Coinbase). The pair could dip in the short-term, but there are high chances of more gains above $2,400 in the near term. Ethereum price is now gaining pace above $2,200 against the US...

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MicroStrategy Directors Now Receive Board Fees in Bitcoin

MicroStrategy, a publicly-listed company spearheaded by Michael Saylor, who’s arguably one of Bitcoin’s biggest proponents, will now pay the board fees to its non-employee directors in bitcoin. According to a new filing with the United States Securities and Exchange Commission (SEC), MicroStrategy has modified the compensation arrangements for non-employee directors. Per the document, they will “receive all fees for their service on the Company’s Board in bitcoin instead of...

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Bithumb Offering 20,000 USDT Prize to Celebrate Launch of LCMS on Their Platform

The LCMS platform takes advantage of blockchain’s tracking capability and can provide information about the product’s history.Bithumb Global, an international crypto trading platform, has announced through a tweet that they will be launching a community event to celebrate the launch of the LCMS token on their platform. The community event will be held from 24th March till 6th April according to the announcement on Bithtumb’s website, and the people that deposit and trade LCMS could win 20,000...

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Bitfinex Derivatives Launches Contracts for Tether Gold-Bitcoin With up to 100x Leverage

A year after the release of XAUt – a commodity-backed token pegged to gold – Bitfinex has announced the launch of a perpetual contract for the trading pair Tether Gold/Bitcoin. The new product will be settled in BTC and will offer up to 100x leverage for users. XAUt/Bitcoin Perpetual Contract on Bitfinex Launched in 2012, Bitfinex is among the oldest cryptocurrency trading venues owned and operated by iFinex Financial Technologies Limited. Back in 2019, the Hong Kong-based...

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Tether (USDT) to Launch on Polkadot and Kusama

The largest stablecoin by market capitalization, Tether (USDT), has announced plans to launch on two more blockchains – Polkadot and Kusama. Tether aims to become the first-ever stablecoin operating on Polkadot, but it will first launch on Kusama due to the availability of parachains. USDT Goes on Polkadot and Kusama Tether Operations Limited is the company behind the most widely-utilized stablecoin – Tether (USDT). With over $40 billion of market capitalization, USDT...

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Tether Tokens Are Fully Backed According to an Insurance Company

Tether Holdings Limited, the company behind Tether (USDT), has published a testimony yesterday from an insurance company that claims the stablecoin is “fully backed” but without disclosing what kind of assets are backing up the currency. Moore Cayman, an insurance company located in the Cayman Islands, testified for Tether, stating that the stablecoin is fully backed with undisclosed reserves. The document examines several aspects of Tether, indicating that its consolidated...

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Bitcoin (BTC) Price Sheds Over $2K in Few Minutes Liquidating Over $600M in Longs

Increased volatility in Bitcoin price in the past 24 hours has resulted in total liquidation of approximately $1 billion. Bitcoin (BTC) price experienced increased volatility in a short time frame that saw the asset drop from $59,700 to below $56 in a few minutes. Consequently, over $600 million was liquidated. Meanwhile, Bitcoin price has stabilized around $58k at the time of reporting.The sudden dip in Bitcoin (BTC) price carried with it almost the entire altcoin market as traders fled the...

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BTC and ETH Price Analysis: The Birth of a New Weekly High

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.The cryptocurrency market is currently trading in the green as bullish sentiments are stirring industry-wide price gains beings led by Bitcoin (BTC). Per a deep observation of the market, the rejuvenation was spiked in the early hours of the morning as Bitcoin specifically carried over some losses from the past weekend’s trading activity.A number of...

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My Neighbor Alice (ALICE) Jumps Over 220% on Binance from Initial Private Token Sale Price

Seeking to unite gamers, token holders, and NFT collectors, ALICE is currently trading at $30 on Binance, with a 24-hour volume of over 1.3 billion USDT.My Neighbour Alice (ALICE) rose to about $22 on Binance, a 220% increase from its private sale price. At this price, it is at a 175% increase from the public sale price.With Binance as the current and most active trading market, ALICE has a total supply of 100,000,000. My Neighbour Alice has raised $2.2 million from two rounds of token sales,...

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Swiss Company UGPay Group AG Launches A New Generation Backed Stablecoin

The backed stablecoin under ticker USDU by a Swiss company UGPay Group AG allows executing fast and affordable transfers with minimum transactional costs. The USDU stablecoin is backed by deposits in a different stablecoin, USDC. A Swiss financial company GTI NET AG with an asset management license acts as a guarantor for tokens liquidity and security of the deposit. The stablecoin USDU operates on the CryptoUnit blockchain that was launched on the 2nd February 2021...

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