Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

In what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday. The token traded in the $1.00-$1.01 range for the better part of an hour, according to CoinMarketCap. At the time of writing, it is trading around $0.987. The exchange rate has […]

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Tether Just Burned 500 Million USDT Stablecoin Tokens

UPDATE (24 October 19:25 UTC): This article has been updated to include comments from a Bitfinex spokesman. Shortly before 1:00 p.m. ET Wednesday, Tether, the company behind the dollar-linked stablecoin of the same name, announced via Twitter that it had destroyed 500 million tether (USDT) tokens. Previously, those tokens were held in an account known […]

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Bitfinex Says Withdrawals Are Fine, But Crypto Exchange Customers Disagree

Crypto exchange Bitfinex said Monday that withdrawal services are operating “without the slightest interference” – but some of its users would seem to disagree. “Processing complications” led to crypto exchange Bitfinex suspending fiat deposits into customer accounts last week, according to the October 15 blog post. Its move to pause such deposits is a temporary one, […]

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Bitcoin Exchange Bitfinex Opens ING Account After Losing Wells Fargo

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitfinex, a large cryptocurrency exchange which has been under the U.S. Commodity Futures Trading Commission (CFTC) scrutiny, has opened an ING account after having lost its Wells Fargo relationship last year, according to Bloomberg News. ING spokesperson Harold Reusken confirmed Bitfinex is […]

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Cryptocurrency Markets Post Recovery in Weekend Trading Respite

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Cryptocurrency markets are finally showing signs of life after enduring a difficult start to the year that wiped $120 billion from the market in recent days, dragging it down from $590 to $470 billion. At the time of writing, Bitcoin was up almost […]

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