Tether (USDT)

Out of the blue, the crypto space seems to have come alive after weeks of sideways trading and little movement to indicate a specific direction of the cryptocurrency markets. Altcoins have come alive with Ethereum and XRP leading the charge this time, while Bitcoin sits still.Within the last twelve hours, Ethereum (ETH)has risen to slightly above the $200 psychological resistance level (about 7.69%) and it is currently trading at $213.99. XRP has risen to $0.31 indicating an impressive 13.73%...

The long-awaited launch of arguably the world’s largest cryptocurrency exchange for the American market, Binance US is finally here. Binance US opens today Wednesday the 18th of September, and promises to deliver world-class digital trading technology with great speed, ensuring a remarkable experience for all of its customers. Before now, the crypto exchange had its services restricted in the US and later announced that it will open a more American specific platform to cater to the...

Binance has announced the completion of the Band Protocol Lottery Draw which was first announced a week ago. The initial announcement revealed that the Band Protocol token sale will be hosted by Binance’s IEO platform, Binance Launchpad, as a way to support the startup. Binance also announced that the lottery will quickly follow the token sale and with an airdrop as well.Now, the announcement states that the Band Protocol lottery draw was completed with a 9.43% ratio of winning tickets and...

Photo: BinanceCryptocurrency exchange Binance has already finished the total setup for operations in the United States. In a post on their official medium handle, Binance US using the domain name: binance.us gave the required steps that will ensure users based in the United States get to operate the platform.Binance pulled out of the United States due to uncertainty in the regulatory environment and the US government’s recent anti-crypto stance.The United States Operates by a Different Set...

Over the last few months, big organizations and government institutions have shown interest in the crypto space. China’s central bank – People’s Bank of China (PBoC) – has fast-tracked its work on introducing a central bank digital currency (CBDC) to the market. However, China’s attempts to launching a CBDC come as a measure to counter the potential competition by Facebook‘s Libra.Commenting on this, Circle CEO Jeremy Allaire said that China has the most progressive approach towards CBDC....

Leading Cryptocurrency exchange Binance recently launched its Tether (USDT) backed futures trading platform. The platform which is still in the early testing phase is available by invitation only. A Reddit post indicates that the platform has already reached an all-time high of $150 million within the past twenty-four hours. The futures platform covers only the USDT/BTC platform at this time.This comes after Binances’ announcement of the creation of the testnet for the futures platform...

Tether, the company behind a controversial USDT stablecoin, has announced the launch of a new ERC-20 token based on the Ethereum blockchain. The new stablecoin tagged ‘CNHT’ is pegged directly to the offshore Chinese Yuan (CNH).There are two kinds of national currency in China: offshore yuan is free from the monetary policies established in Beijing and can be traded freely on foreign currency markets, while onshore yuan trading is under control of the Chinese central bank, the People’s Bank...

By CCN.com: The office of New York Attorney General Letitia James has officially obtained a court order to request iFinex Inc, the operator of bitcoin exchange Bitfinex and Tether, to cease operations in New York.The Attorney General’s office found that Bitfinex allegedly handed over $850 million in co-mingled client and corporate funds to Crypto Capital Corp, a company based in Panama.Bitfinex is said to have never received the funds from the Panamanian firm, leading to the loss of more than...