Tether Ordered to Produce Documents Showing Backing of USDT
The Tether order is related to a lawsuit that is still going on. The lawsuit says that unbacked USDT issuances have hurt the market by $1.4 trillion. A U.S. judge in New York has told Tether to show financial records about the backing of USDT. This is part of a lawsuit that says Tether worked […]
Ether Funding Rates Normalizes After Merge
The Ether funding rates for ether futures hit their all-time highs because of a popular trade. Nearly a week after the Merge, when traders had to pay high fees to stay in their positions during a popular trade, funding rates on ether (ETH) futures have gone back to normal. Because of these trades, there were […]
CoinCorner Targets Middle East Expansion Via Emirates Partnership
Through its partnership with Seed Group, CoinCorner will set up a platform for buying, selling, sending, receiving, and storing bitcoin, as well as services for local businesses to do business in cryptocurrency. Through a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum, CEO of the Emirates airline and a member of […]
Bitcoin is like penny stocks, says Wolf of Wall Street
In 2017, Belfort said that he “hated” cryptocurrencies like Bitcoin because of the market’s prevalence of fraud. In an interview with Yahoo Finance on August 27, Jordan Belfort , the person who served as the inspiration for the critically acclaimed film The Wolf of Wall Street, acknowledged that his prediction that the price of Bitcoin […]
Cryptocurrencies at the verge of Falling by 58% Globally
Risky assets like equities and cryptocurrencies seem to be losing value owing to macroeconomic circumstances. The market’s price movement of Bitcoin and other cryptocurrencies has been negative for the longest time between 2017 and 2018. The macroeconomic outlook and how growth and inflation will impact the value of cryptocurrencies seem to be the focus of […]