Tether (USDT)

Stablecoins are touted as a hedge against the high volatility in the cryptocurrency markets since they are pegged to a relatively stable asset or a basket of assets like fiats or precious metals. However, new findings reveal that some of these tokens have ties with illicit activities like Ponzi schemes.In its latest state of the network report, crypto analytics firm Coin Metrics analyzed the supply and activity distribution of stablecoins, including market leaders Tether (USDT), USD Coin...

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Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow.The “Feepening” Ethereum Vs. BitcoinAccording to information from the cryptocurrency data company Glassnode, the daily Ethereum network fees surpassed Bitcoin’s on June 5th for just the second time this year. At that point, the amounts...

Poloniex exchange has announced Binance Coin (BNB) & Binance USD (BUSD) stablecoin to be available for trading on the veteran exchange.As of writing these lines, BNB & BUSD wallets are now open for deposits, and users can trade BNB/USDT, BNB/TRX, BUSD/USDT, BNB/BUSD, BTC/BUSD, and BTC/BNB. Notably, this will be the first BNB/TRX pair outside of Binance. Did anyone say Justin Sun?BUSD and BNB’s Rise In PopularityBUSD is a Price-stable, USD-pegged digital asset that was launched in...

Bank Frick adds first stablecoin to its range of tradable and custodial crypto assets with USDC Europe’s leading blockchain bank is adding a stablecoin to its range of tradable and custodial crypto currencies for the first time. With immediate effect, Bank Frick offers professional market participants and wealthy private clients the trading and safekeeping of the USD Coin (USDC). Trading takes place within the fully regulated environment...

Bitfinex has responded to the latest amendments in the ongoing class-action lawsuit leveled against Bitfinex and Tether, calling the entire case, “baseless.”Bitfinex/Tether Denounce “Baseless” LawsuitGeneral Counsel for Bitfinex, Stuart Hoegner, labeled the lawsuit an “unproven conspiracy theory.” He said in an official company announcement on June 4:“The plaintiffs’ allegations remain untethered to either the facts or the law. They conflate perceived correlation with causation in an effort...

Das OMG Network kündigte neue Features an und wird als Alternative zu Ethereum immer attraktiver. Eine Stablecoin wie Tether ist eine absolut geniale Sache, da der User so ganz einfach Millionen von Dollars im Web herumschieben kann. Nur, ganz kostenlos ist das nicht. Ethereum stellt die Blockchain und den ERC20-Standard zur Verfügung und will dafür natürlich etwas haben und...

Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...

Tether stablecoin owned by Bitfinex has announced the decision to integrate with a newly-launched OMG plasma network that is a plasma-based Ethereum sidechain.With gas costs on the Ethereum network prone to spikes due to congestion, Tether the stablecoin owned by Bitfinex, has announced an integration with the recently-launched OMG plasma network. This enables cheaper and faster transactions and higher reaction time for traders who mostly use the stablecoin in trades.According to a recent...

Ripple’s Xumm banking app that will be soon available for mass adoption is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers.In its pace to widen and strengthen XRP utility, Ripple Labs announced that its Xumm banking app will soon be ready for mass adoption. After releasing the XRP first-quarter report, Ripple announced that it will significantly cut its periodic XRP sales to focus on the asset utility. True to its word,...