Tether (USDT)

Ethereum – the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin – has shot up like no other currency this week. The asset has lost much of the attention thanks to bitcoin once again rising beyond the $37,000 mark in the past few days, but it has still set a new precedent and has traders talking about what’s to become of the world’s primary altcoin.Ethereum Is Growing Like No Other CoinEthereum initially began in 2015, which makes it considerably...

It appears that the IEO season is coming back as the newest project that saw its listing on the Binance Launchpad charted massive gains of about 1800% upon being launched.Binance IEO SafePal (SFP) Goes ParabolicInvestors in the latest Initial Exchange Offering (IEO) that took place on the Binance Launchpad platform saw handsome gains of up to 1800%.SafePal (SFP) saw its listing price at $0.10 and skyrocketed up to $1.9 in the first moments after its listing. While it can be argued that it’s...

Following the recent attack on the Yearn.Finance protocol, major U.S. dollar stablecoin company Tether froze $1.7 million worth of USDT stolen from the platform. Meanwhile, Bitfinex disclosed that it had made the last loan repayment to Tether.Tether Freeze Raises Centralization ConcernsTether CTO Paolo Ardoino announced the news of the USDT freeze via his Twitter handle on Friday (Feb. 5, 2021). The company’s action would subsequently prevent the hacker from spending the stolen funds.....

News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000On February 5, Yearn Finance confirmed that their V1 yDAI vault has been exploited by a hacker. The DAI vault lost $11M with the hacker making away with $2.8M of this. Yearn has in the last few hours reassured the community that the attack has been mitigated with a full report to follow.The attack on the Yearn Finance vault was confirmed by Banteg from the Yearn team who posted on...

Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.$USDT market dominance in stablecoins is below 75%...

Besides incentivizing users who make payments with the tokens, the PRQ tokens have other unique advantages and use cases.The native digital token of the PARSIQ platform dubbed the PRQ Tokens has now been listed on major cryptocurrency exchange OKEx. The listing, which was confirmed in a press release shared with Coinspeaker shows another milestone jump of the PARSIQ platform to bring better utility to the holders or users of its PRQ tokens.Per the details of the go-live schedule shared, PRQ...

The lawsuit between Ripple and the Securities and Exchange Commission (SEC) is starting to heat up.Ripple Could Be Heading to a Point of No ReturnHere’s a little background on the case. Less than a month ago, the financial agency filed a civil suit against Ripple, which issues the fourth-largest cryptocurrency in the world known as XRP after bitcoin, Ethereum and Tether (a stable currency). The SEC is alleging that Ripple falls into the “securities” category and did not properly register its...

The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.The Bank for International Settlements (BIS) is advancing its Central Bank Digital Currency (CBDC) drive by including the development of a CBDC Settlement platform as a Proof-of-Concept (PoC) in collaboration with its partner Central Banks. According to a Press Release by BIS, the CBDC settlement development program is part of the bank’s annual work program...

The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation.As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of both Tether and Bitfinex.On this date, iFinex had to produce a bulk of documents requested by the office of the NYAG. The latter alleges,...

A Hong Kong woman has fallen victim to a gang of robbers after conducting a crypto transaction worth almost $450,000.Gang of Four Steal $450K From Hong Kong Crypto TraderAccording to a report by the South China Morning Post, a female crypto trader was held at knifepoint by a gang of thieves, who stole HK $3.5 million ($448,700) from the victim.As part of the robbery operation, one of the thieves posed as a prospective cryptocurrency buyer. The woman had earlier conducted different crypto...