Tagged: usdt

Nearly $60B in Tether (USDT) in Circulation as Largest Stablecoin Issuer Shares Detailed Breakdown of its Reserves

Tether, the world’s largest stablecoin issuer, recently published a detailed Breakdown of its Reserves. Tether Holdings Ltd has shared the breakdown of the different categories of assets that form “the basis” of Tether’s issued USDT token reserves (at March 31, 2021). Tether‘s management noted that… Read More

Digital Asset Payment Service Provider Banxa Integrates its Crypto to Fiat Gateway with Bancor

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

P2P Crypto Exchange Paxful Continues to Expand Operations with DingConnect Partnership

Peer to peer crypto exchange Paxful, which recently topped $5 billion in total trades via its platform since its launch, has teamed up with international mobile recharge powerhouse DingConnect in order to give users a chance to run their own “global business.” As noted in… Read More

USDT Stablecoin Market Cap of $51B+ Now Exceeds Insured Deposits at Most US Banks, Quarterly Report of Tether Reserves Expected Soon

Tether (USDT), the world’s largest stablecoin (or digital asset that’s supposed to be backed 1-to-1 with major fiat currencies like USD and cash equivalents) now claims a market cap of over $51.7 billion at the time of writing (according to available data). Notably, Tether (USDT)… Read More

15% of All Ransomware Payments Made Last Year Carried a “Risk of Sanctions Violations,” Chainalysis Reveals

Last week, the US sanctioned several groups and individuals because of their alleged association with “disinformation” campaigns that were reportedly coordinated by the Russian government. Blockchain analysis firm Chainalysis points out that a few of the sanctioned utilized virtual currency in their “criminal endeavors,” and… Read More

P2P Bitcoin, Ethereum Exchange Paxful Denies there Was Data Leak, Confirms User Data and Funds Remain Safe

A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

DeFi Wealth Management Platform YIELD App Reports Over 25,000 Users, Appr. $46M AUM

YIELD App, a decentralized finance (DeFi) wealth management platform, has revealed that they’ve seen “strong” growth during their first quarter of trading, with the total number of users reaching almost 26,000 as assets under management (AUM) surged to around $46 million “between week one and… Read More

Binance Introduces Special Program for Tether (USDT) Margined Quarterly Futures, Hires Former FATF Execs

Digital currency exchange Binance is celebrating the launch of Tether (USDT)-margined quarterly futures contracts by introducing a related Referral Bonus Campaign with their affiliate community beginning on April 1 (00:00 UTC) to June 30 (11:59 UTC), 2021. The Binance team noted that a 30% commission… Read More

Pankaj Balani: Delta Exchange CEO Predicts that Crypto Derivatives will Grow Significantly in Coming Years, but 2021 Is the Year of Options

We recently connected with Pankaj Balani, Co-founder and CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta Exchange offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. As previously reported, the company aims to support… Read More

P2P Bitcoin Exchanges Paxful and LocalBitcoins Report Steady Growth of Global Operations including Asian Markets

LocalBitcoins, a peer to peer BTC exchange service, notes that Bitcoin is “swooping” over the world and Asia is now at “the center” of all the action. LocalBitcoins writes in a blog post that this should come as no surprise given all the opportunities Bitcoin… Read More

Tim Frost: CEO at YIELD App Reveals how Algorithmic Stablecoins Provide Censorship-Resistant Financial Services, Comments on other Fintech Developments

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

Digital Asset Savings Platform ICONFi Introduces Mobile App for Bitcoin, Ethereum, USDT, ICX Trading

Crypto-asset savings platform ICONFi has introduced its mobile app on Android and iOS. As confirmed in a release shared with CI, available globally, ICONFi aims to offer simple, flexible, and fixed earning products that allow investors to grow and diversify their digital asset holdings. The… Read More

DeFi Platform Yearn.Finance’s DAI Vault Suffers Major Exploit, Hack Leads to $11 Million in Value Drained from Platforms

On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions… Read More

Decentralized Credit System OScore will be Combined with New Inclusive Pool to Give Lenders Insight into Users’ Creditworthiness

High-performance blockchain platform Ontology has introduced an “Inclusive Pool” – which is the platform’s first (decentralized finance) DeFi product based on OScore. Since recently launching OScore, the “decentralized” credit system implemented on Ontology’s DeID, the team at Ontology has been working towards adding a new… Read More

Ethereum (ETH) Transaction Fees Keep Falling After Major DeFi related Ecosystem Growth, Bitcoin (BTC) TX Fees Surge: Report

Bitcoin (BTC), the flagship cryptocurrency, has again surged past the $11,000 mark as US stimulus talks begin and institutions start to allocate more funds to the leading digital asset. As noted by the OKCoin team, Bitcoin has managed to break out this past week, after… Read More

Binance Now Hosting $128 Million worth of Stablecoins on its Liquid Swap Platform

Binance, the world’s largest digital asset exchange, has confirmed that it’s been a month since it launched Binance Liquid Swap. The exchange also revealed that the platform is now hosting over $128 million worth of stablecoins, as of October 3, 2020. The Binance team further… Read More

BitTorrent (BTT), Elrond (ELGD), ICON (ICX), Sola (SOL) Perpetual Contracts to be Offered via Binance Futures

Binance, the world’s largest digital asset exchange, will be offering cryptocurrency futures contracts for Elrond (EGLD), the native token of a “highly” scalable, fast and secure blockchain platform for creating distributed apps; and Sola (SOL), the native digital currency of a “decentralized” social platform developed… Read More

EOS, Chainlink (LINK), Tezos (XTZ), Cardano (ADA) Futures Contracts to Launch on Crypto Derivatives Exchange BitMEX

The Bitcoin Mercantile Exchange (BitMEX), a leading cryptocurrency derivatives trading platform, will be offering four new altcoin/USDT underlying “quanto” futures contracts for EOS, Chainlink (LINK), Tezos (XTZ), and Cardano (ADA). These new contracts are being introduced in order to expand the exchange’s existing altcoin (or… Read More

Digital Asset Exchange Huobi to Launch Decentralized Finance Mining Campaign

Huobi Global, a leading digital asset company, will be launching a decentralized finance (DeFi) mining campaign with Phase I, which will involve staking Huobi Token (HT) and the Huobi Pool Token (HPT). Huobi noted that users may stake tokens so that they can share mining… Read More

Delta Exchange, a Crypto Derivatives Trading Platform, Introduces Calendar Spread Contracts on Bitcoin (BTC) Futures

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on August 27, 2020, that it will be offering calendar spread contracts on Bitcoin (BTC) futures. Calendar spread trading for Bitcoin or BTC futures is scheduled to begin on Delta Exchange… Read More

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