Tether (USDT)

AscendEX is named a top-level crypto-asset exchange according to a report published by the research firm CryptoCompare.AscendEX is a leading digital asset financial platform serving both professional and retail traders. The platform gives trading alternatives in particular spot, futures, margin trading and staking products. By offering more than 200 cryptocurrency assets with margin trading of more than 50 tokens only in cross-asset mode, AscendEX’s futures trading supports both in isolated...

Roughly two years after adding Tether (USDT) to its blockchain, TRON has reached a significant milestone by outplacing Ethereum as the network with the highest amount of USDT on it. As of now, over half of all the Tether in circulation is on Justin Sun’s brainchild. TRC-20 USDT Surpasses ERC-20 USDT CryptoPotato reported back in 2019 the partnership between TRON and Tether – the company behind the largest stablecoin provider. Launching on TRON came as a diversification for...

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...

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...

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...

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...

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...

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...

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...

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...