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Tag Archives: USDT

CV Market Watch™: Weekly Trading Overview (9-16 November)

The crypto market had another heavy shakedown in which Bitcoin (BTC) slid and led to a crash in altcoins. BTC prices moved down from their stagnant positions around $6,400 and crashed into the $5,300-$5,400 range at the lowest. Bitcoin (BTC) Technical Analysis: Crypto Market Unravels $28 Billion, BTC Hits All-Year …

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Binance Expands Bitcoin Cash (BCH) Tickers After Hard Fork

Binance, one of the leading crypto exchanges, has switched Bitcoin Cash (BCH, BCC) pairs with new tickers related to the two alternative blockchains that appeared after November 15. As it appears, the SV version has not taken over, but neither has it capitulated, and blocks are still produced. The Bitcoin …

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CV Market Watch™: Weekly Trading Overview (2-9 November)

The crypto market saw islands of robust activity, with projects going their separate ways. In the past week, the upcoming Bitcoin Cash hard fork acted on the BCH prices and created a spike above $600. EtherDelta Founder Pays $388,000 in Fines to Settle SEC Charges Bitcoin (BTC) once again saw …

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Deltec Bank Shares Cryptic Message of Tether’s Reserves

The Tether company has forged a bank relationship with Deltec Bank, supposedly using it to store the dollars that back each USDT token. However, the bank’s statement on the presence of funds sounds vague. Additionally, the USDT on-site wallet is still in withdrawal mode only, meaning there is no way …

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Tether Announces New Banking Partnership with Deltec

Tether Limited, the company behind the popular US dollar-pegged stablecoin Tether (USDT), has established a new banking relationship with Bahama-based Deltec Bank & Trust. According to an official statement released on Thursday, Deltec accepted Tether as a client after a detailed review of the company, including compliance processes, policies and …

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Tether Produces Letter Vouching for Dollar Deposits, But Bank Hedges

Stablecoin issuer Tether Limited confirmed Thursday it was banking with Bahamas-based Deltec Bank and Trust Limited and published a letter purportedly from the institution as evidence of its reserves. The company, which issues the controversial tether (USDT) stablecoin, has long been under fire over concerns that it does not have …

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Over 1.3B Tether (USDT) Leave Market in October Alone

The total withdrawals of Tether (USDT) from the market in October exceeded 1.3 billion units, significantly cutting into the supply of the stablecoin. In the past month, the Tether treasury performed operations to empty out the Bitfinex wallet, the latest dated October 31 and involving 50 million USDT. But the …

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