Ethereum-based decentralized stablecoin DAI is now spendable where Visa cards are accepted and Tether sees more use by e-commerce organizations. Ethereum-based decentralized stablecoin DAI is now spendable where VISA cards are accepted and leading stablecoin Tether (USDT) is seeing increasing use by e-commerce organizations. DAI now usable in E.U. stores According to a press release…
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Stablecoin Tether (USDT) has gained popularity as a payment method, catching up with Bitcoin and Ether according to a Bloomberg report. Stablecoin Tether (USDT) is gaining popularity as a payment method, with some analysts seeing it catching up with Bitcoin (BTC) and Ether (ETH). As Bloomberg reported on Oct. 25, cryptocurrency payments processor CoinPayments registered…
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The total supply of TRC20-based USDT surged from 350 million to 450 million in just one day. The amount of Tether (USDT) tokens issued on the Tron (TRX) blockchain now accounts for nearly 12% of all USDT tokens. 350 million to 450 million in one day Launched in mid-April 2019, TRC20-based USDT has hit a…
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Huobi has launched a fiat onramp for the Turkish Lira that will allow users in the country to trade cryptocurrencies on Huobi Global. Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange,…
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Major cryptocurrency exchange Binance launches peer-to-peer trading for Bitcoin, Ether and Tether against the Chinese Yuan. Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to…
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A New York-based legal firm filed a class-action suit against Tether and Bitfinex, accusing the firms of crypto market manipulation. A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit alleging that the stablecoin firm and…
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Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind…
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Cryptocurrency exchanges Bitfinex and EOSFinex announce that they successfully “chainswapped” 5 million USDT onto the EOS protocol. Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. According to a press…
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An investment arm of United States-based blockchain firm Algorand loses up to $2 million in crypto after its CTO’s phone was hacked. Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised.…
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Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend…
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