Tether Issues $250 Million Tokens – Leads to Small BTC Increase

Altcoin News | Crypto News | Latest News

Tether, the US based stablecoin, has issued 250 million tokens today according to data from Omni Explorer on June 25.

The stablecoin had also released 300 million tokens back in March. This inevitably led to a small price increase within the Bitcoin market. The release was met a backlash from critics on twitter due to Tether’s lack of an official audit.

However, Tether made recent headlines as they released a statement from a law firm back on June 1 claiming that Tether had the appropriate amount of US dollars which backed up Tether tokens. This was not an official audit, however claims from the law firm state that audits from several large accounting firms were denied.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

At the time of this release, Bitcoin is up 6% over the last 24 hours. Charlie Lee, the founder of Litecoin tweeted today that the release of tokens does not necessarily preclude an immediate price jump. However, past token releases have undeniably increasef Bitcoin’s value on many other occurrences.

Leave a Comment

Latest Crypto News

Gemini-Receives-Bitlicense-Which-Allows-Business-to-Operate-in-new-york

Cryptocurrency Exchange Gemini Eyes UK Expansion

Gemini, the U.S. cryptocurrency exchange founded by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be eyeing an expansion into the United Kingdom. Gemini Plots Transatlantic Expansion Citing two sources close to the process,

Ripple Donates $2 Million to University of Texas to Fund Blockchain Initiative Program

What Pushed Ripple up 100% in a Week

In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week. The maximum difference in XRP’s market cap between the week’s lowest and highest level turned

Coinbase Now Has Its Own Political Action Committee

Coinbase Firmly Denies Accusation of Proprietary Trading

Cryptocurrency exchange operator Coinbase has denied that it engages in proprietary trading and that these activities account for a large percentage of the firm’s overall trading volume. Yesterday an investigation into cryptocurrency exchange policies and

Pot Stocks Go Parabolic as Crypto Markets Cool

Pot Stocks Go Parabolic as Crypto Markets Cool

The cryptocurrency markets are nine months into a bear market, but the animal spirits that drove the bitcoin price to nearly $20,000 haven’t disappeared. Rather, it seems that they have found a new outlet —

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,436.36
-2.83%
2
Ethereum
Ethereum
$212.00
-9.22%
3
XRP
XRP
$0.4538
-14.62%
4
Bitcoin Cash
Bitcoin Cash
$439.77
-5.87%
7
Litecoin
Litecoin
$55.399
-4.50%
9
Cardano
Cardano
$0.077158
-8.44%
6
Stellar
Stellar
$0.2377
-8.28%
14
NEO
NEO
$17.531
-4.91%
5
EOS
EOS
$5.174
-9.13%
12
IOTA
IOTA
$0.5404
-2.40%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK