Newsflash: Tether Destroys 500 Million USDT

Tether Limited, the issuer of the USD-pegged USDT cryptocurrency, has destroyed 500 million units of the embattled stablecoin. Blockchain data reveals that earlier today, Tether transferred 500 million USDT from the token’s treasury address to this address, which the firm’s website indicates is the official USDT issuing address. Immediately following that transaction’s confirmation, the issuing The post Newsflash: Tether Destroys 500 Million USDT appeared first on CCN

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Tether Has Yanked $610 Million out of Circulation this Month

Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company — which shares a The post Tether Has Yanked $610 Million out of Circulation this Month appeared first on CCN

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Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450

The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on The post Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450 appeared first on CCN

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Research Suggests Tether Has Banking Relationship with Puerto Rico-based Noble Bank

New research suggests that cryptocurrency startup Tether — creator of dollar-pegged stablecoin USDT — has a banking relationship with Puerto Rican financial institution Noble Bank. On Monday, BitMEX Research published a report examining newly-released data related to Puerto Rico’s financial system for the calendar year ended 2017. This data — which was published by Puerto The post Research Suggests Tether Has Banking Relationship with Puerto Rico-based Noble Bank appeared first on CCN

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Tether (USDT) to Launch New Platform in Wake of Alleged November Hack

The post Tether (USDT) to Launch New Platform in Wake of Alleged November Hack appeared first on CCN The developers of Tether have said that they will launch a new platform for the cryptographic token following the November security breach that resulted in the theft of $30 million worth of tokens. Tether Announces New Platform The startup made this announcement through a post on the Tether website, explaining that it is developing a The post Tether (USDT) to Launch New Platform in Wake of Alleged November Hack appeared first on…

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