Tether Issues $50 Million Worth of Tokens

Altcoin News | Crypto News | Latest News

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer.

In late March, Tether had released 300 mln USDT tokens priced at $1 per token.

Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap.

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.

Tether

Tether is now in second place after Bitcoin (BTC) in terms of highest daily trading volumes, seeing $4.2 billion in trades a day or 28.16 percent of all crypto trades, while Bitcoin’s average 24-hour trading volume is $5.7 billion, or 38.62 percent.

Yesterday, August 11, the price of Bitcoin surged by $300 over the course of just a couple of hours, following a drop to as low as $6,118. As of press time, Bitcoin is trading at $6,357, up just under one percent on the day.

Crypto exchange Bitfinex, which is the seventh ranked crypto exchange by 24 hour volume on CoinMarketCap, shares leadership with Tether. Both companies have come under fire for lack of transparency, as Tether’s USDT tokens claim to be backed one-to-one by USD, yet the company has yet to submit to a public audit.

On June 13, Tether again faced criticism following a study that blamed the company for Bitcoin price manipulation back in 2017. According to the research, Tether’s transaction patterns show it was “used to provide price support and manipulate cryptocurrency prices.”

Leave a Comment

Latest Crypto News

Bitcoin Signaling Bottom As Volatility Reaches Yearly Low States President of Blue Line Futures

California Based Reality Shares Joining Bitcoin Hedge Fund Arena

California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already

High Times to Accept Crypto in Its Initial Public Offering

High Times Will Not Accept Bitcoin in Its Initial Public Offering

Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the

How the SEC Actions Correlate With BTC & Market Prices

How the SEC Actions Correlate With BTC & Market Prices

Earlier this week, the cryptocurrency markets slumped: Bitcoin (BTC) lost its $6,500 support, and Ethereum (ETC) dropped well below the $400 mark (rates stand at $6,620 and $319 respectively by the press time). While it’s important

Tether Issues $50 Million Worth of Tokens

Tether Issues $50 Million Worth of Tokens

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market

bitcoin long live the king

Bitcoin: Long Live The King

If you’re wondering how you should treat Bitcoin, as an investment vehicle, allow me to share with you guys my non-expert opinion. End of story, thanks a lot for reading. FREE CRYPTO COIN JUNKY HANDBOOK

Something’s Brewing at Facebook’s Crypto Division

Something’s Brewing at Facebook’s Crypto Division

It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports

Everipedia Launches First P2P Blockchain Encyclopedia

Everipedia Launches First P2P Blockchain Encyclopedia

Cayman Islands-based blockchain startup Everipedia formally launched its peer-to-peer (P2P) encyclopedia August 9, a press release confirmed. Designed to be an “autonomous encyclopedia without the need for advertisements or donations,” the project uses the EOS network to function and will reward

Dish Satellite Provider Adds Bitcoin Cash as Payment Option

Dish Satellite Provider Adds Bitcoin Cash as Payment Option

U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9. The DISH Network Corporation was among the first

Binance Releases Demo of Decentralized Exchange

Binance Releases Demo of Decentralized Exchange

The CEO of cryptocurrency trading platform Binance Changpeng Zhao announced a demo of the platform’s decentralized exchange in a tweet today, Aug. 9. In a six-minute video attached to the tweet, Zhao presented a “casual, early, pre-offer”  demo of

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



1
Bitcoin
Bitcoin
$6,419.31
0.34%
2
Ethereum
Ethereum
$292.54
2.84%
3
XRP
XRP
$0.2908
1.78%
4
Bitcoin Cash
Bitcoin Cash
$527.32
2.27%
7
Litecoin
Litecoin
$56.390
0.71%
8
Cardano
Cardano
$0.096829
-0.15%
6
Stellar
Stellar
$0.2191
-2.04%
15
NEO
NEO
$16.655
3.15%
5
EOS
EOS
$4.742
2.10%
12
IOTA
IOTA
$0.4673
-0.14%

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