Hot Topics
COIN GECKO

Advertisement

Advertisement

Bitfinex and Tether CTO, Paolo Ardoino believes CBDCs won’t have an adverse effect on USDT

CTO of Bitfinex and Tether discusses central-bank digital currencies in new interview. CBDCs won’t necessarily have a big impact on Tether Recently talking to Cointelegraph, the chief technology officer of Bitfinex and Tether, Paolo Ardoino has said that the recent nudges for governments and lawmakers to adopt a regulatory path towards Central bank digital currencies wouldn’t necessarily have an adverse effect on stablecoins such as Tether.  Speaking to the news outlet, Ardoino said the following: “In the long term, we believe that Tether will continue to exist alongside CBDCs… Tether will remain in demand as it continues serving and unifying...

Read More

STABLECOINS WILL FINALLY PROMOTE MAINSTREAM CRYPTOCURRENCY ADOPTION

After the wall street financial crisis of 2008, the world has been left in a perpetual search for answers. Investors and financial institutions learned quite a good number of hard lessons. Perhaps, the most crucial experience gained from the collapse of moguls, entrepreneurs, and investors is that fiat currencies cannot be trusted. Fortunately, 2008 also marked the birth of the most brilliant financial invention in the 21st century-blockchain technology and cryptocurrency. When Satoshi published the bitcoin whitepaper in the same year, even the best of minds were skeptical. The possibility of eliminating the third party and keeping a public ledger...

Read More

Could USDT Surpass XRP in its Market Cap?

Tether isn’t far-off surpassing the market for ripple’s XRP token.  This comes as a result of the minting of new tokens by the tether Treasury.  This is something that has previously led to accusations directed at the company for intentionally pushing up the price of bitcoin. The biggest stablecoin in the crypto industry, Tether isn’t far-off surpassing the market for ripple’s XRP token. This comes as a result of the continuous minting of new tokens by the tether Treasury. This is something that has previously led to accusations directed at the company for intentionally pushing up the price of bitcoin...

Read More

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...

Read More

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...

Read More