Hot search keywords

Hot search keywords

Tag Archives: tether

Tether Partly Backed by Bitcoin, Court Transcription Reveals

May 22, 2019

Bitcoin Magazine

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoi...

Bitcoin Bounces Following Bitfinex Fraud Allegation

Apr 26, 2019

Olusegun Ogundeji

Despite the toll news of a fraud claim against Bitfinex exchange and Tether, the value of the top cryptocurrency bitcoin seems to be bouncing back to its recent peak. Early Friday April 26, Bitcoin price dropped by about 6% to $5189. The drop comes as the New York Attorney General’s ...

The Growing World of Stablecoins – Total 57 Worldwide

Sep 29, 2018

Olusegun Ogundeji

The number of active stablecoin projects has increased over the past 12 to 18 months. According to a new report by cryptocurrency firm - Blockchain, more than a dozen others are being planned for launch in the coming weeks/months. However, despite being two leading cryptocurrency trading locatio...

Japanese Yen Stablecoin May be Rolled out by the End of 2018

Sep 19, 2018

lylian Teng

A Japanese yen-pegged stablecoin is under plan by the founding partners of the world’s largest blockchain fund backed by the government of the Chinese city Hangzhou, as reported by South China Morning Post. The stablecoin is expected to be rolled out as early as the end of this year or ...