The unenviable fate of Tether (USDT) and Bitcoin (BTC) fireworks on Independence Day

The unenviable fate of Tether (USDT) and Bitcoin (BTC) fireworks on Independence Day
фото показано с : coinstelegram.com

2019-7-5 14:06

Tether minted additional 100 M USDT and sent them to his “home” exchange Bitfinex.

As a rule, such movements cause the rise of Bitcoin for understandable reasons. Although, for example, Kraken CEO Jesse Powell does not share the opinion that this is an impudent market manipulation:

– I think Tether is actually a small part of the total fiat supply among all of the exchanges. So I don’t think Tether alone is doing it. And I think the Tether that’s being printed is mostly reflective of actual dollars coming into the system. So I think that you could just look at is as new dollars coming in as what is driving up the price. It’s new users coming in. There are days where you see the price going up 10% a day. You can bet all the exchanges are onboarding 50,000 to 100,000 new users a day. That is what is driving up the price. It’s the huge retail demand and all the media attention on it. It’s not Tether.

Well, maybe. But why just now dollars are suddenly flowing in and USDT is minted? And what will happen to all stablecoins when a new one, Libra, will be added to community? The answer is obvious: they all will die. All of them except Libra. Therefore, in the next six months, we will see a vivid movement in stablecoins, they will try to take the jackpot before their end.

Meanwhile, Bitcoin celebrated the United States Independence Day with another soar to almost $ 12 K. On some exchanges, BTC even exceeded this level. Bitcoin chart is now reminiscent of the glorious turns of the air parade in Washington.

Trump has promised the American flag on Mars. Bitcoin promises new highs.

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Tether (USDT) на Currencies.ru

$ 1.0003 (+0.01%)
Объем 24H $58.816b
Изменеия 24h: 0.00 %, 7d: 0.03 %
Cегодня L: $1 - H: $1.0007
Капитализация $111.239b Rank 3
Цена в час новости $ 1.0008 (-0.05%)

tether bitcoin usdt does share powell example

Источник: coinstelegram.com

tether bitcoin → Результатов: 126


Фото:

Tether plans $500M investment into Bitcoin mining operations

In a significant diversification of its core business of managing the USDT stablecoin, Tether Holdings Ltd. is pivoting a portion of its operations toward Bitcoin (BTC) mining. As reported by Bloomberg, Tether plans to invest approximately half a billion dollars over the next six months, a move that could significantly alter the dynamics of the […] The post Tether plans $500M investment into Bitcoin mining operations appeared first on CryptoSlate.

2023-11-16 19:40


Фото:

‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.   Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017.

2018-6-13 20:00


This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether

Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters

2018-6-13 19:39


Фото:

Research shows Bitcoin’s price increased due to tether manipulation

The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. The published study states that the researchers used “algorithms to analyze the blockchain data, we find that purchases with tether are timed following market downturns and result in sizable increases in bitcoin prices.

2018-6-13 19:31


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