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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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Craig Wright And Tether Indirectly Face-off For McCormack Lawsuit

Tether, the issuer of $4.1 billion cryptocurrency USDT, has announced it would be standing behind podcaster Peter McCormack in a lawsuit brought forward by Wright. Tether’s general counsel, Stuart Hoegner, took to Twitter saying that Wright had several chances to prove he is Satoshi Nakamoto. Enough is enough, he said. Due to Wright not actually being able to prove his claims that he is Nakamoto, Hoegner said that Tether would be backing up McCormack in his legal case. The most controversial person in the bitcoin space right now, Craig Wright is now finding himself pushing arguments against one of the...

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Has Tether’s Flippening Already Occurred? 

Tether announce USDT is going to other blockchains Tether Flippening has already happened? Blockstream announce support of liquid USDT Earlier in 2019, the Tether stablecoin announced that it would be diversifying the presence of its token, USDT. After basing the US dollar-fueled cryptocurrency on Omni, a Bitcoin-based system, for many years now, Tether has come out to say that it would be bringing USDT to other blockchains.  This comes at a time when TRON and other blockchains have all seen their own versions of the asset, with Ethereum’s ERC-20 copy being the most popular by far. In fact, it got...

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