Tether Lawyer Admits Stablecoin Now 74 Percent Backed by Cash and Equivalents
Crypto News
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Crypto News
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Tether Lawyer Admits Stablecoin Now 74 Percent Backed by Cash and Equivalents

btcethereumadmin - April 30, 2019

The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel. Stuart Hoegner, who is general counsel…

Markets Update: Crypto Bulls Lose Footing After Stablecoin Controversy
Crypto News
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Crypto News
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Markets Update: Crypto Bulls Lose Footing After Stablecoin Controversy

btcethereumadmin - April 26, 2019

Cryptocurrencies dropped in value yesterday after the New York Attorney General’s court filings against Bitfinex and Tether were published. Currently, the entire market capitalization is roughly $170…

Crypto Markets and CME Futures Post Record Trade Volume
Crypto News
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Crypto News
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Crypto Markets and CME Futures Post Record Trade Volume

btcethereumadmin - April 9, 2019

Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen…

Bitcoin Cash Markets and Network Gather Strong Momentum in Q1
Crypto News
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Crypto News
60 views

Bitcoin Cash Markets and Network Gather Strong Momentum in Q1

btcethereumadmin - April 2, 2019

The first quarter of 2019 has ended and things are starting to look much better for digital assets this year. Bitcoin cash (BCH) prices touched all-time highs…

Changes to Tether’s Terms of Reserves Raises Fresh Concerns
Bitcoin
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Bitcoin
158 views

Changes to Tether’s Terms of Reserves Raises Fresh Concerns

btcethereumadmin - March 24, 2019

Changes to Tether’s website have raised fresh concerns about the companies reserve policy. Controversial stablecoin Tether is in the spotlight again after changes to the details of…

Indian Exchange Launches Lending Program for 5 Cryptocurrencies
Bitcoin
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Bitcoin
110 views

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

btcethereumadmin - March 21, 2019

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC,…

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations
Crypto News
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Crypto News
26 views

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

btcethereumadmin - March 18, 2019

The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing…

Stablecoins Are Threatened by These Two Major Issues
Crypto News
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Crypto News
103 views

Stablecoins Are Threatened by These Two Major Issues

btcethereumadmin - March 18, 2019

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie…

Shadowed Crypto Startup Tether May Have Dropped 100% Fiat Backing For USDT
Crypto News
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Crypto News
74 views

Shadowed Crypto Startup Tether May Have Dropped 100% Fiat Backing For USDT

btcethereumadmin - March 15, 2019

Tether Quietly Tweaks Website, Controversy Ensues Although stablecoins are a dime a dozen, Tether’s USDT is still the crème de la crème of this crypto asset subset.…

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone
Crypto News
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Crypto News
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Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

btcethereumadmin - March 14, 2019

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves. The new text states that…