Page 16 - Tether Ltd News Today

Bitfinex Derivatives to Offer Perpetual Contract for Solana, Company CTO Paolo Ardoino Anticipates Great Demand for Product Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,” the announcement noted while adding that the contract offers...

Decentralized Lending Protocol C.R.E.A.M Finance to Offer Euro backed Tether Tokens, EURt July 26, 2021 @ 8:23 pm By Omar Faridi C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited, stated: “We see a huge pent up demand for euro based stableco...

SHARE Solana Labs Inc. announced today that it has raised $314 million in a private token sale to launch an incubation studio, venture investing arm and trading desk. Andreessen Horowitz and Polychain Capital led the token raise. Other investors included Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital, Multicoin Capital, ParaFi Capital, Sino Global Capital and Jump Trading. Founded in 2018, Solana offers a web-scalable blockchain that...

Analysis A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to which its Tether (USDT) reserves were backed by fiat collateral. According to the terms of the announced settlement, which now marks ...

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for crypto markets Crypto at a glance Was that the dip? Just when it looks like you’re going to be able to buy crypto at a huge discount, bam! Yet another corporate giant starts buying and it’s back up we go. Can the recovery now be sustained? Is $50,000 the new bottom for BTC? After Monday’s drama saw Bitcoin plunge to as low as $45,000, a stream of good news yesterday has since seen the leadin...

Mr Devasini shaves himself The lawless rollercoaster of bitcoin enriches few investors, while many often lose everything. After the boom in December 2017 at 16,720 euros, the virtual currency had already lost 65% by February 6, 2018. Now [as of February 13th, 2021] it flies to around 40 thousand euros but the bubble can burst at any moment. The crypto community considers a guru Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer ...

February 6, 2021 @ 2:37 pm By Omar Faridi On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions mainly work by providing a rapid borrowing and repaying of money without the need for putting up collateral. The team at Yearn.Finance has released a ...

An article by Crypto Anonymous claims that Tether’s potential failure would be disastrous for Bitcoin. ARK Invest believes the stablecoin’s

Severe Liquidity Shock Ahead for Bitcoin Market, Warns JPMorgan A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions come from high-frequency-style traders who flee the mar...

This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life. It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade. And it’s the story of what’s really going on in crypto — and what we should do about it. If you own meaningful amounts of cryptocurrency or you’re considering buying some, you’re the reason I wrote this. Please do read to the end. Prologue: ...