BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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The complainant who took Bitfinex crypto exchange platform to court for manipulating Bitcoin prices has renounced claims to modify their original complaints despite a court request to do so. This development comes shortly after Tether and Bitfinex lawyers asked the court to terminate the case because it was “a frivolous Lawsuit.” When filing the petition, [...]
It was reported by Whale Alert, that many large USDT transfers were made from the Tether Treasury towards Bitfinex and other unknown wallets. A major USDT transaction from an unknown wallet to Bitfinex was made on May 27 at 09:38:01 UTC. The sender’s wallet address was 568cc6eca34d56f5695b16ff0250dfa77f247c47, with the receiver address being 0d535e90342fc54928a25ca9ed0f8da73704ba43. The transaction [...]
According to a recent report, Tether, which is currently, the largest stablecoin by market capitalization has issued over $300 million worth of USDT in the past week. This has reignited the claims that the stablecoin never actually stopped its market manipulation practices and that its stablecoin is still not supported by dollar reserves. Tether Increases [...]
If you are a regular trader, then you surely seen something called USDT. You may have also noticed that various crypto exchanges don’t accept US Dollars or various other exchanges that trade Bitcoin against USDT. At this point, you may be wondering how can exchanges that are exclusively based on cryptocurrency also run USD markets? [...]
If you are even remotely informed about cryptocurrencies, then you surely know that one of the biggest problems of the crypto market stems from the fact that most cryptocurrencies are extremely volatile. Before we go even further, it’s important to note that there’s no such thing as a perfectly stable currency. In fact, even some [...]
In collaboration with fintech startup Stronghold, IBM will launch a stablecoin that will be tethered to the value of the US Dollar. The crypto coin will be secured by the government-backed fiat which is held at banks that are assured by the Federal Deposit Insurance Corp (FDIC). New Stablecoin Pegged to the USD According to [...]
The Japanese corporation LINE has released its first cryptocurrency exchange dubbed BITBOX. As reported by the media, the announcement regarding the launch of the new cryptocurrency trading platform has been made since June 28th. Even if the parent company is based in Japan, the new service will not be available on the island country as well [...]