Bitcoin (BTC) is at $7350, trying to stabilize above $6500 for the next upmove attempt to $10,000 level in Q1, 2020.
The volumes against most cryptocurrencies look unreal. Unless trading robots are trading between themselves in the crypto exchanges, the above ratios of Market cap to 24H volume is not possible. Bitcoin alone looks stable and real in the market data.
Tether’s numbers need to be analyzed separately.
The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit. Continue reading Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether
With a roughly 10% increase to its market capitalization, Tether (USDT) has shifted to the fourth slot in the crypto market cap rankings. Continue reading Crypto Bloodbath Vaults Tether to 4th in Market Cap Rankings
Leonardo Real, the chief compliance officer of Tether LLC, believes an organized campaign established by many publications is targeting crypto token Tether (USDT) and its partner banks. In an interview with Cryptonews, the Tether executive reaffirmed that its stablecoin known as USDT is fully backed by the US dollar, citing the attestation reports released by Friedman LLP and Freeh Sporkin & Sullivan, two US-based accounting firms based in New York and Washington. Continue reading Tether Exec Refutes Bloomberg, Reassures Investors Crypto Isn’t Manipulated
New research suggests that cryptocurrency startup Tether — creator of dollar-pegged stablecoin USDT — has a banking relationship with Puerto Rican financial institution Noble Bank. On Monday, BitMEX Research published a report examining newly-released data related to Puerto Rico’s financial system for the calendar year ended 2017. Continue reading Tether Has Banking Relationship with Puerto Rico-based Noble Bank