USDT-on-TRON, FTX & WTF is really happening
In this post, Data Finnovation provides convincing evidence from novel on-chain analysis showing how a real digital currency use case works.
Latest USDT News
China court says Tether stablecoin ‘should not be circulated’
A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like everyone else—doesn’t recognize the stablecoin as legitimate.
More hedge funds are betting against Tether amid digital currency meltdown
Some hedge funds are using Genesis Global Trading to short Tether, and they’ve upped the ante since the implosion of Terra’s UST algorithmic stablecoin, according to the Wall Street Journal report.
Solana liquidations are on the horizon
Solend, the algorithmic, decentralized protocol for lending and borrowing on Solana, has been scrambling to mitigate the risks that are present on its platform.
Coinbase reveals customer assets are not safe as collapse starts
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
Short-sellers target Tether but danger lurks
The stability of the assets allegedly backing Tether is once again under the microscope after investors placed significant short bets against the controversial stablecoin.
Hash power follows price
The profitability calculation that every miner must go through is complex, and one must think about their economic costs, access to liquidity, as well as access to insider knowledge.
The demonization of inflation
Inflation refers to the general increase in the price of consumer goods and services measured on a yearly basis and can also be used to describe the rise in the supply of money in the economy.
New Tether report sheds light on biggest buyers
Protos Media released a report detailing who is buying USDT, pointing out that Tether has grown from a market cap of $1B in 2017 to over $70B at the time of writing.
Crypto Crime Cartel: FTX, Sam Bankman-Fried, Tether and Solana
Sam Bankman-Fried and FTX’s ties to Tether go beyond merely enjoying the increased activity that Tether’s constant printing brings about for exchanges throughout the ecosystem.
US goes after wallets holding $10M in USDT stolen by fake Coinbase rep
The USDT was stolen from a California resident by an individual posing as a Coinbase representative who took control of his account and transferred 200+ BTC, authorities said.
Tether banned on Canada’s first 2 licensed digital currency exchanges
Due to Tether’s legal troubles, the Ontario securities regulator has placed the digital currency under “Prohibited Crypto Assets,” the only asset under this category.