Tagged: usdt

May 16, 2021 @ 11:57 am By Omar Faridi  |  

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

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

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

May 3, 2021 @ 9:37 pm By Omar Faridi  |  

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

May 2, 2021 @ 1:20 pm By Omar Faridi  |  

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

April 24, 2021 @ 12:19 pm By Omar Faridi  |  

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

April 11, 2021 @ 2:42 pm By Omar Faridi  |  

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

April 9, 2021 @ 11:55 am By Omar Faridi  |  

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

March 26, 2021 @ 9:06 pm By Omar Faridi  |  

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

March 4, 2021 @ 7:18 pm By Omar Faridi  |  

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

February 26, 2021 @ 12:07 pm By Omar Faridi  |  

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

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

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

February 10, 2021 @ 8:54 pm By Omar Faridi  |  

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

February 6, 2021 @ 2:37 pm By Omar Faridi  |  

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

December 10, 2020 @ 9:26 pm By Omar Faridi  |  

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

October 14, 2020 @ 6:40 pm By Omar Faridi  |  

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

October 5, 2020 @ 10:45 pm By Omar Faridi  |  

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

September 15, 2020 @ 6:06 pm By Omar Faridi  |  

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

September 7, 2020 @ 10:25 am By Omar Faridi  |  

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

September 7, 2020 @ 9:43 am By Omar Faridi  |  

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

August 27, 2020 @ 9:00 am By Omar Faridi  |  

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