USDT

UK Tax Agency to Pay $100K for Blockchain Surveillance Software

</header> <strong>On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset …

UK Tax Agency to Pay $100K for Blockchain Surveillance Software Read More »

New Stablecoins Commence a Fresh Assault on Tether

</header> <strong>Can any stablecoin topple tether? In 2019, the answer to that question was an emphatic ‘No.’ Despite a string of stablecoins being released onto the market, tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>) increased its grip on the cryptoconomy’s fiat supply, racking up $127B of on-chain volume on Ethereum alone. This year, the king …

New Stablecoins Commence a Fresh Assault on Tether Read More »

Market Outlook: Bullish Trend Sends Crypto Prices Northwards

</header> <strong>Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%.</strong> Also read: Close to 11 Million BTC Haven’t Moved …

Market Outlook: Bullish Trend Sends Crypto Prices Northwards Read More »

Market Update: Top Cryptos Face Strong Resistance Ahead

</header> <strong>On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion …

Market Update: Top Cryptos Face Strong Resistance Ahead Read More »

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

</header> <strong>Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. …

Stablecoins Are Crypto’s Version of Fractional Reserve Banking Read More »

Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

</header> <strong>During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> influencers called the outputs “abuse” …

Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019 Read More »

Market Update: Crypto Traders Search for Bullish and Bearish Trends

</header> <strong>During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and …

Market Update: Crypto Traders Search for Bullish and Bearish Trends Read More »

Market Update: Bears Claw Crypto Prices Below Long-Term Support

</header> <strong>Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> dropped well below the $7k range and other digital assets followed <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s path with sharp losses. Crypto prices haven’t been this low since May …

Market Update: Bears Claw Crypto Prices Below Long-Term Support Read More »

Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims

Tether has released a letter of intent saying that it plans to file a motion to dismiss the lawsuit that claims it manipulated the crypto market. The class action lawsuit seeks retribution for damages of more than $1 trillion. It’s based on an allegation made by the New York Attorney General’s office in April that …

Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims Read More »

Tether Refutes Paper Naming USDT Manipulation as Cause of 2017 BTC Bull Run

Tether has issued a response to a recently surfaced paper that alleges that a single whale manipulated the market to cause 2017’s bull run in Bitcoin (BTC) price. The response Tether, which is behind the dollar-backed stablecoin USDT, published the response on the company’s website on Nov. 7, an announcement that crypto exchange and sister …

Tether Refutes Paper Naming USDT Manipulation as Cause of 2017 BTC Bull Run Read More »