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- SEK
- SRD
- THB
- TRY
- UGX
- VND
- XAU
- YER
- SLE
- VES
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- MRU
- CNH
What is Tether?
Tether is a tocken issued by Tether Limited company which belongs to the Bitfinex trading platform. It was built on top of Omni Layer digital currency protocol, which works on the Bitcoin blockchain.
The main purpose of this token is to provide stability to traders and members of cryptocurrency market, because Tether is claimed to be backed by US dollars on Tether Ltd bank accounts, so its price is not as volatile as prices of other cryptocurrencies. However, that remains yet to be proven and is is the reason why the U.S. Commodity Futures Trading Commission issued subpoenas to both Tether and Bitfinex. Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses.
Nevertheless, tether is a very popular token and is used by a number of exchanges (mostly the crypto to crypto only ones) as their main stablecoin. The amount of Tethers grew up to $2.8 billion. During summer 2018 around 80% of Bitcoin volume was traded in Tethers.
Latest Tether News
- Justice for Bitcoin Supporter Julian Assange – PACE Confirms He Was a Political PrisonerBTCNEWS - 2 days agoSummary A resolution was passed in favor of Julian Assange in Strasbourg. The WikiLeaks founder spoke for the first time since his release from prison.…
- Bitcoin, Ethereum Potential for Positive Start to October: What are the Chances?BTCNEWS - 3 days agoKey Points Bitcoin and Ethereum experienced declines in September, with a surge in long liquidation volume. Despite the drops, there was no significant sell-off, indicating…
- Ethereum and TRON Dominate Stablecoin Market, According to CoinGeckoBTCNEWS - 3 days agoKey Points Ethereum and TRON hold a combined $144.4 billion, or 83.9% of the stablecoin market. Stablecoins are becoming increasingly important in global finance, with…
- Valour Launches New Ethereum Staking ETP on London Stock ExchangeBTCNEWS - 4 days agoKey Points Valour has launched a fully backed Ethereum staking ETP on the London Stock Exchange. The ETP offers institutional investors passive, non-leveraged exposure to…
- Bitcoin ETFs Record 7th Consecutive Inflow Day at $494MBTCNEWS - 1 week agoSummary Bitcoin ETFs recorded over $494 million in inflows on September 27, the biggest influx day since June. BTC price holds above $65,000. Yesterday, September…
- Coinbase to Delist Unauthorized Stablecoins in Europe by Year-End Amid MiCA Regulationcrypto.ro - 20 hours agoCoinbase Global Inc. announced that it will delist all unauthorized stablecoins from its crypto exchange in the European Economic Area (EEA) by the end of…
- HBO’s New Documentary Claims to Unmask Bitcoin Creator Satoshi Nakamotocrypto.ro - 23 hours agoAn upcoming HBO documentary, titled “Money Electric: The Bitcoin Mystery,” aims to reveal the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin. Directed…
- Franklin Templeton Expands OnChain U.S. Government Money Fund to Aptos Blockchaincrypto.ro - 23 hours agoGlobal asset management leader Franklin Templeton has broadened the reach of its OnChain U.S. Government Money Fund (FOBXX) by launching it on the Aptos blockchain.…
- Is Uptober Over?crypto.ro - 23 hours agoThe optimism surrounding October, commonly referred to as “Uptober” by the crypto community, has started to wane as cryptocurrency markets face continued downturns. The bullish…
- 25,000X ROI Projection Post-Platform Launch Takes ETFSwap (ETFS) Community By Stormcrypto.ro - 1 day agoETFSwap (ETFS) is sparking curiosity with a bold 25,000X ROI projection set to follow its platform post-launch. Investors are taking notice, especially with the incoming…
- HBO Special Fuels Polymarket’s Wager on Len Sassaman as Bitcoin’s MastermindBlockInsider - 20 hours agoKey Points A new HBO documentary fuels speculation that Len Sassaman, a software engineer and privacy advocate, could be the creator of Bitcoin. Despite this,…
- Bitcoin Options Worth $1 Billion Expire, BTC Price Remains Over $60,000BlockInsider - 20 hours agoKey Points Bitcoin options worth $1 billion are set to expire as Bitcoin’s price remains above $60,000. Bitcoin’s Taker Buy/Sell Ratio on the OKX exchange…
- ‘No-Brainer’ Bitcoin Price Rebounds, Says Expert AnalystBlockInsider - 23 hours agoKey Points Bitcoin’s price has dropped 6% since September 30, 2024, to $61,000, which some analysts see as a buying opportunity. Geopolitical tensions and economic…
- Unveiling the Truth: Did Satoshi Nakamoto Manipulate Bitcoin in Its Early Days?BlockInsider - 1 day agoKey Points New research suggests that Satoshi Nakamoto might have initiated a 51% mining attack on Bitcoin’s network in 2009. These alleged attacks were likely…
- Ethereum Price Predicts Bullish Surge: Vitalik Buterin Discusses Roadmap to Widespread AdoptionBlockInsider - 1 day agoKey Points Ethereum’s price indicates a potential bullish rebound amidst a bearish crypto outlook. Vitalik Buterin, Ethereum’s co-founder, proposes a pathway to reduce the minimum…
- Swiss Crypto Bank Forecasts Solana as Ethereum’s SuccessorCoinEagle - 3 hours agoKey Points Sygnum, a Swiss crypto bank, has identified Solana as a serious competitor to Ethereum in the finance sector. Solana has been gaining traction…
- Bitcoin Undervalued: Is it Prime Time to Invest in BTC Now?CoinEagle - 4 hours agoKey Points Bitcoin [BTC] sentiment has shifted back to fear due to geopolitical disturbances, signaling a potential buying opportunity. Despite the fear, Bitcoin and the…
- Bitcoin May Plunge Under $60K, Analyst Warns – All Depends on This TrendCoinEagle - 13 hours agoKey Points Bitcoin (BTC) experienced a 6.31% decline over the past week, with analysts predicting further downtrends. Despite the bearish market sentiment, BTC has shown…
- Ethereum’s Potential Plunge to $2.2K: A Prelude to a Massive Surge?CoinEagle - 13 hours agoKey Points Ethereum might be forming a symmetrical triangle pattern, suggesting a potential price reversal. Increased leverage ratio and varying open interest volumes indicate a…
- Bitcoin’s Next Move: What the MVRV Ratio Tells Us About a Potential RallyCoinEagle - 18 hours agoKey Points Bitcoin’s MVRV ratio indicates potential market shifts, crucial support level at 1.75. Retail and whale activity show mixed signals, active addresses increase while…