Tether has launched its Chinese yuan-backed stablecoin, which it revealed will run on top of the ethereum blockchain as an ERC-20 token.The stablecoin issuer said in a brief blog post Monday that the new token, known as CNH₮, is collateralized with yuan stored offshore.“CNH represents a further expansion of Tether’s capabilities in facilitating the digital […]
Ethereum co-founder Vitalik Buterin, has noted that the processing cost of transactions completed in the token Ether on the main blockchain may get too expensive for some users.The network utilization has now spiked to the 90% level according to etherscan.io.This is not the first time something like this has happened like two years ago Crypto […]
Very few cryptocurrency or blockchain projects make an impact on the scale of Tether and their USDT asset. In the case of this company, the public’s perception is anything but positive, despite how popular its asset has proven to be. New research by Coin Metrics confirms there are enormous Tether whales out there who own […]
Blockchain protocol Tron (TRX) and Tether, issuer of stablecoin USDT, have announced a partnership to introduce USDT to the Tron network by the second quarter of 2019. The news was shared with Cointelegraph in an email on March 4.The forthcoming TRC20-based USDT — a term that indicates adherence to a technical token standard supported by […]
If we look back across 2018, it has been a wild year. Most of the promises of 2017 have been broken. 2018 has been a tough year for the cryptocurrency companies, the cryptocurrencies themselves and for the investors of course. But underneath all of that, we see some foundations of some very exciting things being […]
It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market.At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin. Over half a billion dollars of Tether has been created […]
100 million USDT tokens were transferred from the Tether Treasury to the digital currency exchange Bitfinex just hours before the Bitcoin price surged.On Wednesday, August 22, the Bitcoin price showed an extremely volatile price surge gaining $400 in just half an hour of trading. The Bitcoin charts on CoinMarketCap clearly indicate this price jump as […]
This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day?BITCOIN PRICE MARKET OVERVIEWBitcoin $6496.79 spent the better part of […]
Bitcoin, Ethereum, Litecoin and all the other cryptocurrencies are great for online payments simply because of their sophisticated use of the Blockchain to facilitate easy transactions. Their transparency is currently unmatched by any fiat equivalent. But can we really bank on them for day to day transfers considering their high volatility? The fact that these […]
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