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60 Million USDT Minted by Tether on Ethereum Blockchain

Bitcoin lost just over 17% in its price which has shaken the market in a way it hasn’t seen for a long time. Many cryptocurrency users saw this as an opportunity to buy into the leading cryptocurrency however, many were looking more towards Tether Treasury minting 60 million of its token. I can only assume that many of our readers have been frantically looking at their crypto portfolio the past 24 hours in the hope that the cryptocurrency market hasn’t crashed yet again… At the start of this week, bitcoin lost just over 17% in its price which has shaken...

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Class-Action Lawsuits Against Tether & Bitfinex Could Merge

The duo of Tether and Bitfinex have long faced accusations that they deliberately manipulated BTC prices to their advantage. As of now, three cases have been filed against them with respect to their alleged BTC price and futures manipulation. On January 16, 2020, counsel for the three cases requested that the court merge them due to their shared similarities.   Court documents obtained last week indicate that the cases bear the following labels: Eric Young et al, Bryan Faubus et al, and David Leibowitz et al. The request to consolidate the cases was made in a letter their legal counsel...

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Is Tether Behind Bitcoins Price Surges?

It’s well known that the leading cryptocurrency is the coin that drives the market. Or does it? Tether could be bringing the flagship currency out of its bear grip. It’s well known that the leading cryptocurrency is the coin that drives the market. Every coin in the market follows this ‘rule’ as wherever bitcoin goes, that’s where they go. But there might be an exception to such a rule as the leading stablecoin, Tether could be bringing the flagship currency out of its bear grip. The head of the digital investment company Capriole, Charles Edwards highlighted a particular correlation that...

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27 November 2019 - MANA/USDC – Hourly

In this Hourly chart of Decentraland/ USD Coin (MANA/USDC), there is a depreciating range from 0.02767 to 0.022211. We can see the market then appreciated to the 0.023502, 0.023604, and 0.023610 levels (each identified by the red down arrow), all of which are right around the 0.023499 area, representing the 23.6% retracement of the depreciating range. The market then depreciated further and tested the 0.0200 level.  Using RSI, we can see that some price appreciation and short-covering occurred when RSI (14) crossed above RSI Average (3). Using Slow Stochastics, we can see that some price appreciation and short-covering occurred when...

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Tether & Bitfinex Slapped With ANOTHER Lawsuit

Bitfinex and its subsidiary firm Tether Limited, have been slapped with yet another fresh class action lawsuit. Tether derided the latest suit as being “mercenary” in nature and iterated that no settlements of any kind will be reached. Bitfinex and its subsidiary firm Tether Limited, have been slapped with yet another fresh class action lawsuit. Tether, the company behind the extremely controversial but market-leading US dollar-pegged stablecoin USDT, has just recently filed a response which essentially denies any wrongdoing and has even dismissed the latest complaint as “absurd and groundless.” Posted on the Tether blog earlier today (November 25th), the...

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