Today's Hot Topics

The Race Of The Stablecoins

Stablecoins, though rare, are now starting to appear more regularly across the market. The most-traded stablecoins at present, include Tether, TrueUSD and USD Coin, all of whom are currently relishing in high market capitalisation. In first place is Tether with a market cap of over 1,915,000,000, in second is TrueUSD with a market cap of $179,045,088 and in third place is USD Coin $126,491,038. These are the top three stablecoins on the market at the current time of writing and yet it’s clear which stablecoin is a clear leader. Tether aims to keep it’s called USDT on the same level...

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Over 500 Million USDT Burned By Tether

The company behind the largest Stablecoin in existence, Tether recently revealed through Twitter that they redeemed over 500 million USDT tokens from the Tether treasury wallet. According to the press release published on October 24th this year, the company will leave the remaining 466 million USDT in the wallet to prepare for future USDT issuances. According to Tether, the USDT tokens that are no longer here consisted of over 50% of their former supply. The redemption of the tokens can be seen on the OMNI blockchain Explorer, which confirms a transaction date of 500 million Tether in block 547,155. Tether...

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Binance Coin (BNB) Might Take Tether (USDT)’s Spot

Chart for BNB/BTC (1D) Binance Coin (BNB) has attained a unique reputation as a Tether styled coin that continues to remain stable even as the market bleeds. This behavior on behalf of Binance Coin (BNB) was also observed during the past few minor corrections. The coin is down only 33% since its all time high, compared to 70% for Bitcoin (BTC) and 85% for Ripple (XRP). This shows that smart money believes in the long term prospects of the crypto markets, now more than ever. With the lack of confidence in Tether (USDT), Binance Coin (BNB) is all set to...

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Goldman Sachs-Backed Circle Launches Stablecoin USDC

Boston-based Circle introduced on Wednesday tokenized U.S. dollars over public blockchains called USD//Coin or USDC. The move to introduce yet another stablecoin in the market is done in partnership with CENTRE open source consortium. The ERC-20 token will be audited monthly by Grant Thornton. Circle.com is becoming a powerhouse in the cryptocurrency industry with impressive investors that include Goldman Sachs, Beijing-based Bitmain and other Chinese investors such as IDG Capital and CreditEase, among others. But unlike other blockchain ventures, the company has former members of Goldman Sachs and other Wall Street institutions on its team. Circle raised $100 million in...

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Evidence That Tether Is Manipulating Bitcoin Is Nonexistent

It’s become a bit of a hot topic within the crypto-debate. Research carried out during the middle of 2018 suggested that movements of Tether (USDT) could have been disturbing Bitcoin and thus, could have been manipulating the price of Bitcoin. This came as research found a correlation between significant changes in the price of Bitcoin and significant movements of USDT tokens. What is Tether? As a quick reminder, according to the Tether website: “Tether Platform currencies are 100% backed by actual fiat currency assets in our reserve account. Tethers are redeemable and exchangeable pursuant to Tether Limited’s terms of service....

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