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Bitfinex’s banking problems solved: SNITCHES GET STITCHES | Attack of the 50 Foot Blockchain
Bitfinex’s banking problems solved: SNITCHES GET STITCHES | Attack of the 50 Foot Blockchain
"Larry Cermak at The Block is having great fun reporting on each new Bitfinex banking partner as it pops up. He tweeted about their account at HSBC — and this account inexplicably vanished soon after, and cash deposits to Bitfinex were suspended."
#CryptoAssets#Bitcoin#AltCoins#Stablecoins#DFC
·davidgerard.co.uk·
Bitfinex’s banking problems solved: SNITCHES GET STITCHES | Attack of the 50 Foot Blockchain
Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1 - CoinDesk
Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1 - CoinDesk
It's notable, then, that a wallet address controlled by Bitfinex has sent 630 million USDT to an address known as the "Tether treasury" in six large transactions over recent days. The first, of 200 million USDT, was sent the morning of Oct. 14, when Tether's dollar exchange rate was beginning to hit multi-month lows.
#CryptoAssets#Stablecoins#AltCoins#Bitcoin#DFC
·coindesk.com·
Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1 - CoinDesk
Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist - CoinDesk
Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist - CoinDesk
"You'll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writing – is USDT/USD: the tether stablecoin, which aims for parity with the U.S. dollar, and the U.S. dollar itself. From this data point, you could be forgiven for concluding that Bitfinex's customers trade huge quantities of tethers for dollars, and vice-versa – more than they trade ether, XRP and EOS combined for dollars. But you'd be wrong."
#CryptoAssets#Bitcoin#AltCoins#Stablecoins#DFC
·coindesk.com·
Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist - CoinDesk
Coinbase Adds Its First Stablecoin Tied to the US Dollar - CoinDesk
Coinbase Adds Its First Stablecoin Tied to the US Dollar - CoinDesk
"Crypto exchange Coinbase announced support for the Circle-issued stablecoin Tuesday. In a blog post, the exchange said U.S. customers outside the state of New York can now buy, sell, send and receive the USD//Coin (USDC) through the company's iOS and Android apps, as well as coinbase.com, which was first announced last month. It intends to offer the coin to customers in different regions going forward."
#CryptoAssets#Bitcoin#AltCoins#Stablecoins#DFC
·coindesk.com·
Coinbase Adds Its First Stablecoin Tied to the US Dollar - CoinDesk
New Stablecoin Tied to Australian Dollar Is Launching on Stellar's Blockchain - CoinDesk
New Stablecoin Tied to Australian Dollar Is Launching on Stellar's Blockchain - CoinDesk
A new stablecoin is launching on the Stellar blockchain that's designed to hold its value with the Australian dollar (AUD) and being pitched for consumer and business uses. Novatti Group, an Australian online payments processor, will issue the Novatti AUD Utility Token beginning on November 19. The token will be backed 1-for-1 with AUD held in a trust.
#Bitcoin#CryptoAssets#AltCoins#Stablecoins#Tokenization#DFC
·coindesk.com·
New Stablecoin Tied to Australian Dollar Is Launching on Stellar's Blockchain - CoinDesk
CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex - CoinDesk
CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex - CoinDesk
"CoinMarketCap, the most-visited aggregator of cryptocurrency market data, has changed the way it uses data from the Bitfinex exchange in response to a report by CoinDesk. On Tuesday, CoinDesk pointed out that a trading pair shown on CoinMarketCap – seemingly, for trades between the tether stablecoin (USDT) and U.S. dollars – did not, in fact, represent a pair that's available for trading on Bitfinex. From looking at CoinMarketCap data, the ostensible pair appeared to be the second-highest by 24-hour volume on the exchange at the time the article was written."
#CryptoAssets#Bitcoin#AltCoins#Stablecoins#Liquidity#DFC
·coindesk.com·
CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex - CoinDesk
Tether Just Burned 500 Million USDT Stablecoin Tokens - CoinDesk
Tether Just Burned 500 Million USDT Stablecoin Tokens - CoinDesk
From Oct. 14, when USDT started to slip below $1.00, to Oct. 23, 680 million USDT were transferred to the company-controlled Treasury wallet. All of these transfers came from an address controlled by Bitfinex, a cryptocurrency exchange that overlaps with Tether in terms of ownership and management.
#Stablecoins#CryptoAssets#Bitcoin#AltCoins#Tokenization#DFC
·coindesk.com·
Tether Just Burned 500 Million USDT Stablecoin Tokens - CoinDesk
Announcing Sila — building the new financial world — Silamoney
Announcing Sila — building the new financial world — Silamoney
"The Sila token is pegged to the US dollar via a centralized, 100% reserve held in USD-based instruments, and is guaranteed to be stable and retain its value even in the most extreme volatility environments. Perhaps most importantly, it forms the basis for a fintech API platform that will enable fast, regulatory-compliant payments, and other uses of money, with minimal reliance on the traditional banking system."
#CryptoAssets#Bitcoin#AltCoins#Stablecoins#Tokenization#DFC
·medium.com·
Announcing Sila — building the new financial world — Silamoney
USD-Pegged Cryptocurrency Tether [Briefly] Returns to Dollar Parity | CCN
USD-Pegged Cryptocurrency Tether [Briefly] Returns to Dollar Parity | CCN
"the tether price steadily crept back toward dollar parity, bolstered by the redemption of hundreds of millions of dollars worth of USDT tokens, which helped restore confidence in issuer Tether Limited’s claim that it is holding enough funds to cover the outstanding tokens. As CCN reported, those redemptions caused tether’s market circulating supply and market cap to plummet throughout the month. Two transactions made last Thursday diminished the USDT supply by a further 100 million, reducing the USDT supply to 1.9 billion units, down nearly one-third from the more than 2.8 billion tokens that were circulating just three weeks ago."
#CryptoAssets#AltCoins#Stablecoins#Tokenization#DFC
·ccn.com·
USD-Pegged Cryptocurrency Tether [Briefly] Returns to Dollar Parity | CCN
The Race to Replace Tether (In 3 Charts) - CoinDesk
The Race to Replace Tether (In 3 Charts) - CoinDesk
"Tether, which aims to keep its token (called tether or USDT) at parity with the U.S. dollar by backing each token with $1 in bank deposits, accounts for the vast majority of the stablecoin market by total value, exchange volume and other metrics. But the market has begun to show signs of anxiety around tether, centering on the firm's access to banking services and its claims to have fully collateralized the outstanding tether supply."
#CryptoAssets#AltCoins#Stablecoins#Tokenization#DFC
·coindesk.com·
The Race to Replace Tether (In 3 Charts) - CoinDesk
Tether's Price Has Stabilized, But the Stablecoin's Supply Is Still Shrinking - CoinDesk
Tether's Price Has Stabilized, But the Stablecoin's Supply Is Still Shrinking - CoinDesk
Since Oct. 14 Bitfinex – an exchange that shares common ownership and management with Tether Ltd., the company behind USDT – has sent 930 million USDT to a wallet controlled by Tether Ltd. known as the "treasury." These tokens are considered to have been removed from circulation, and though many of them still exist, Tether destroyed 500 million USDT last week.
#CryptoAssets#AltCoins#Stablecoins#Tokenization#DFC
·coindesk.com·
Tether's Price Has Stabilized, But the Stablecoin's Supply Is Still Shrinking - CoinDesk
Stablecoin Wars: Coinbase Token Attracts Capital But PAX Leads Trading | CCN
Stablecoin Wars: Coinbase Token Attracts Capital But PAX Leads Trading | CCN
Having launched in March, TUSD had a head start in the race to replace tether. When Gemini Dollar (GUSD) and Paxos Standard (PAX) began circulating on Sept. 10, TUSD had already issued $79 million worth of tokens. According to Stablecoins War, TUSD remains the largest stablecoin upstart, with its market cap having more than doubled to $174 million over the past two months.
#AltCoins#Stablecoins#CryptoAssets#Tokenization#DFC
·ccn.com·
Stablecoin Wars: Coinbase Token Attracts Capital But PAX Leads Trading | CCN
Another Stablecoin Just Launched With 'Real-Time' View of Dollar Backing - CoinDesk
Another Stablecoin Just Launched With 'Real-Time' View of Dollar Backing - CoinDesk
Stably announced Thursday that its StableUSD (USDS) is now available for purchase and redemption. The token is backed by U.S. dollars held in escrow by Prime Trust, a regulated trust company in Nevada that has carved out a niche playing this supporting role in a number of stablecoin projects.
#AltCoins#Stablecoins#CryptoAssets#Tokenization#DFC
·coindesk.com·
Another Stablecoin Just Launched With 'Real-Time' View of Dollar Backing - CoinDesk
More Crypto Exchanges Now Support Circle's Stablecoin USD Coin | CCN
More Crypto Exchanges Now Support Circle's Stablecoin USD Coin | CCN
Not less than 12 exchanges, according to an official blog post from Circle, have expressed their plans of joining the ecosystem for the incorporation of the USD coin. The exchanges are BitMart, Fcoin, Gatecoin, Hanbitco, Hotbit, SWIFT, OCP Capital, DDEX and Bit-Z. The world’s first instant crypto-backed loan provider; Nexo also disclosed the ongoing process of adding the stablecoin. Users of Shenzhen-based cryptocurrency startup Bitkan and wallet provider Tokenary can as well store and use USDC to carry out various services.
#Stablecoins#CryptoAssets#AltCoins#DFC
·ccn.com·
More Crypto Exchanges Now Support Circle's Stablecoin USD Coin | CCN