Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets.Investors in countries where access to “safe haven” fiat currencies like the US Dollar is limited have widely begun purchasing…
The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash.After the latest boost, the total stablecoin market cap has achieved a milestone of $10 billion. But what’s…
While all eyes are on Bitcoin, as the cryptocurrency community watches and waits for the asset’s next uptrend to begin, another crypto asset has gone parabolic – but not in price.The market cap and total supply of Tether have been skyrocketing more so than Bitcoin price has. Also easily besting Bitcoin, is the amount of…
Things just keep getting worse for the crypto asset known as XRP. After an extremely poor performance over the last two years, the latest crash across crypto has caused the stablecoin Tether market cap to “flipped” the previously third-ranked cryptocurrency, Ripple.Tether Unseats XRP As The Third-Ranked Cryptocurrency, Flippening Is OfficialXRP has earned itself a negative…
Crypto stablecoins continue to grow since Bitcoin‘s recent bottom, with the companies and consortiums behind each asset printing more supply almost as fast as the Fed prints more US dollars in an effort to save the economy.But what exactly does this mean for the overall cryptocurrency market, stablecoins, and Bitcoin?The Fed Fiat Printing Press is…
Even after the recent correction, the broad crypto market remains far above it did at the absolute lows of March. Data from CoinMarketCap, in fact, suggests that the aggregate of all cryptocurrencies is up to $196 billion as of the time of this article’s writing, 50% higher than the $129 billion low.This has been largely…
Tether’s USDT money printer is up and running again, and it could be a sign of what’s to come next for Bitcoin and the aggregated cryptocurrency market.It now appears that Tether has issued a whopping $161 million worth of USDT over the past 24-hours, putting the total number of new USDT issued over the past…
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of…
Bitcoin (BTC) in an uptrend but down 4.3 percent Tether’s reserve low and the peg isn’t 1:1 against the USD It is now emerging that USDT’s reserves don’t tally with what’s in circulation. That means Tether Limited is lying and investors may flock to safety driving Bitcoin prices up. At the moment, BTC is down…
Bitcoin (BTC) shed $4 billion after NY OAG sue iFinex Tether controversy force Bitcoin liquidation The OAG of New York is after iFinex, and from their documents, officials say the Hong-Kong based exchange, BitFinex are contravening NY Laws and therefore suing them. With additional evidence that the exchange “raided” Tether’s coffers and probably affecting the…