Tether (USDT)

Tether has fired back at the authors of a study who claimed that the 2017 bull market was triggered by Bitfinex. The Tether team claims that the authors do not know how the cryptocurrency market functions. Tether assures that it never conducted activities with the purpose of manipulating the cryptocurrency market. Tether issued an official response to a research paper that claimed that a single market whale on Bitfinex manipulated the price of bitcoin in 2017. A Lone Bitcoin Whale On Nov....

So-called “bitcoin whales” appear to have a considerable influence on the cryptocurrency market, according to a new report. At the same time, whales are a dying breed. The founder of crypto watchdog Whale Alert explains why. It’s fair to say that bitcoin whales have a reputation for running the show when it comes to the crypto markets. Whether this is an accurate account of the role whales actually play within the ecosystem remains an open question. With his eyes trained on every major...

Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...

Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative of offering straight forward legislation outlining how to conduct any business in the crypto space. But, the U.S. has dropped far much behind in that arena.Currently, there is no definite framework outlining running businesses and tax payments. Interestingly, there is not even any assurance by the government to...

Most of the crypto community, especially Bitcoin hodlers, are almost always hoping for a spike like the one that happened in 2017, which saw the king coin hit its current all-time high of $20,000. Even though a terribly bearish market followed some months after, the spike is still often referred to as not just a game-changer, but a point where Bitcoin needs to reach again, to break out of its frequent periods of disappointing consolidation. However, some analysts have suggested that the...

Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale. Bitfinex whale manipulating Bitcoin price surges Initially reported by Bloomberg, the paper, which is an update on an earlier one by the same...

In September, one of the world’s most popular cryptocurrency exchanges Binance launched its U.S. arm, initially allowing U.S0. citizens to trade 13 cryptocurrency pairs across Bitcoin (BTC), Bitcoin cash (BCH), Binance Coin (BNB), Ether (ETH), Litecoin (LTC), XRP, and the Tether stablecoin (USDT). Since the launch, only one month has passed, but Binance.US has already demonstrated incredible results: its daily trading volume has exceeded $15 million.Besides, the U.S. arm of Binance has...

Photo: ShutterstockDmitriy Gurkovskiy, Chief Analyst at RoboForex, shares his vision on the possible scenarios of price movements for Bitcoin and some popular altcoins.ETH/USD price analysisTether has transfered 300 million tokens to the Ethereum blockchainThe CFTC is ready to approve the ETH futuresOn W1, the downtrend has slown down for a correction. The current dynamics, upon approaching 61.8% ($146.68) Fibo, start looking as a triangle. It should be mentioned that the quotations have...

The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...

Binance has just completed its most recent Initial Exchange Offering (IEO) called Kava. The event brought a return of around 180% which is a shadow of what IEOs used to generate in the not so distant past. It also highlights the fact that if Binance is to keep these exchange offerings live, it needs to keep selecting quality projects in order to retain the interest of the investors and to make sure they won’t incur losses.The KAVA IEO On Binance Launchpad: 180% ROIThe Binance Launchpad just...