Almost half a billion USDT minted in past 36 hours as Bitcoin rallies

Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours.  As shown by blockchain tracker Whale Alert, two transactions of 150 million and 300 million USDT tokens were minted on Oct 20 and Oct 21 respectively. The first 150 million was printed only hours before Paypal’s announcement and the Bitcoin (BTC) price rally that followed.

Bybit Launches New USDT Perpetual Trading Pairs with ETH, LTC, XTZ and LINK

[Press Release] Singapore, Oct 21, 2020 — Four new perpetual trading pairs, ETH/USDT, LINK/USDT, LTC/USDT, and XTZ/USDT, will be listed on crypto trading platform Bybit and begin trading today.

Total Value of All Ethereum Assets Surpasses Staggering $100,000,000,000

The total value of all assets in the Ethereum ecosystem has breached $100 billion dollars, according to the blockchain database startup Messari.

Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark

Tether accounts for a huge percentage of transactions and is taking on Bitcoin and Ethereum in a variety of ways The latest data from analytics providers suggest that cumulative Tether transaction volume has just surpassed $600 billion as it begins to dominate crypto exchange trading. On-chain analytics provider Glassnode has revealed that Tether transaction volume increased by around 20% over the past 30 days to reach that new cumulative milestone. Cumulative $USDT Transaction Volume just went above 600,000,000,000 USDT.Current value: 600,000,880,895 USDTView metric:https://t.co/az0Gbp07tR pic.twitter.com/LMzh9hqFGG— glassnode alerts (@glassnodealerts) October 14, 2020 It should be noted, however, that this is a cumulative figure and not the daily transaction volume which is closer to $35 billion according to an average from Coingecko and Coinmarketcap. The same two analytics providers report Bitcoin’s daily transaction volume at between $20 and $25 billion which gives Tether a clear lead for this metric. In terms of supply, USDT has grown by almost 300% since the beginning of this year when there were just 4 billion in circulation.

Bitcoin volume unaffected by Tether’s (USDT) market dominance — Data shows

Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume. Tether’s (USDT) stablecoin has been the leading base pair for cryptocurrencies for over eighteen months.  This is a rather impressive feat given the ongoing court case with the New York Attorney General and the other frequent rumors that USDT is not sufficiently backed or subject to regulators' reach.  USDT has also been the dominant stablecoin in China even though the country banned cryptocurrency exchanges in 2017.

KuCoin announces USDT-Margined Polkadot, EOS Perpetual Futures

In an official announcement earlier today, popular exchange KuCoin revealed that it will be launching USDT-Margined Polkadot (DOT) and EOS (EOS) Perpetual Futures at 16:00:00 on 12 October 2020 (UTC+8 The post KuCoin announces USDT-Margined Polkadot, EOS Perpetual Futures appeared first on AMBCrypto.

Yield farming platform APY Finance locks $67 million in first hour

APY.Finance is the latest DeFi protocol to explode in popularity, locking more than $67 million of stablecoins in the first hour of launching its mining program. The DeFi sector is still going strong with the newly launched yield farming platform APY.Finance attracting more than $67 million in locked funds within one hour of launching liquidity mining earlier today. APY.Finance’s mining contracts incentivize users to provide liquidity in the form of the DAI, USDC, and USDT stablecoins, with users rewarded with the platform’s governance token, APY. The first month will see 900,000 APY tokens mined, the official blog post outlined, but “incentivization details” will vary month-to-month.

Chinese Police Claim OTC Crypto Trader Laundered $73,500

An over-the-counter cryptocurrency trader in China is being investigated for buying $73,500 worth of USDT stablecoins.

KuCoin Hack Approaches $200,000,000 in Stolen ETH, BTC, LTC, XRP, BSV, XLM, TRX, and USDT

Crypto exchange KuCoin has lost almost $200 million worth of cryptocurrencies in Ethereum, Bitcoin, Litecoin, XRP, Bitcoin Satoshi Vision, Stellar, TRON, and Tether following a major security breach.

USDT Holders Can Now Earn 12-15% With a New Feature on Waves.Exchange

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The new OTC desk on Waves.Exchange allows investors to convert their Tether into USDN stablecoins that yield 12-15% in staking rewards – and then exchange them back to USDT at a 1:1 ratio. Expanding the range of USDT investment tools Until recently, the main investment opportunity open to Tether (USDT) holders

BTCMEX launches 125X USDT Perpetual Contracts with 6 new trading pairs

Crypto-derivatives exchange BTCMEX has just launched its new linear perpetual contracts.

USDT Is A Game Changer For Online Poker

Disclaimer: The text below is a press release that was not written by Cryptonews.com. CoinPoker - the flagman of the industry, the biggest and the oldest pure crypto poker room is the first to introduce USDT as the in-game currency, solving the ever prevailing volatility issues and creating grounds for accelerated growth. The changes will finally allow the poker community to play using chips

ArbiSmart Users Get What They Wished For, Good ROI and Newly Added USDT Support

In the crypto space, the term Decentralized Finance (DeFi) has become the buzz word of 2020 as interest continues to pick up in the space.

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion. At the beginning of the year there was just over $4 billion USDT in circulation, and today that figure is over $15 billion.

$1 Million in USDT Refunded After DeFi Mistake

Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.

Tether Uses Centralized Power to Refund $1 Million in USDT

After a group of DeFi traders mistakenly sent $1 million to the wrong address, Tether swooped in to help recover the funds.

SnapEx Announces World Trading Championship Season 2 with 200K USDT Prize Pool

[PRESS RELEASE – Please See Disclaimer] SnapEx, a fast-growing crypto contract trading platform catering to both beginner and experienced traders, has announced the latest round of their trading competition series.

New York Attorney General to Bitfinex and Tether: ‘Delays Must Stop’

Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.

Another $1 Billion in Tether Set to Leave Tron for Ethereum

Tether will swap $1 billion in USDT stablecoins for the second time in less than a month from the Tron blockchain into the Ethereum network on behalf of an unnamed client.

SnapEx Announces World Trading Championship Season 2 with 200,000 USDT Prize Pool for 500 Winners

Disclaimer: The text below is a press release that was not written by Cryptonews.com. SnapEx, a fast-growing crypto contract trading platform catering to both beginner and experienced traders, has announced the latest round of their trading competition series.

Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders

Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address.

Paxful Crypto Peer-to-Peer Marketplace Expands Beyond Bitcoin with Tether USDT Stablecoin

Paxful, the leading peer-to-peer Bitcoin trading platform, announced that it will be adding stablecoin Tether to its crypto payment options.

Binance Coin (BNB) Above $24 Could Spark A Significant Rally

Binance coin price is up over 5% and it is outperforming bitcoin against the USDT.

YFI Founder: USDT and USDC Will Soon Be Available on Layer Two

There has been a lot of effort in the crypto industry in recent weeks to alleviate some of the costs and times of transacting on the Ethereum network. The post YFI Founder: USDT and USDC Will Soon Be Available on Layer Two appeared first on CryptoPotato.

Over $12M Gas Fee Spent on Uniswap in August With Most Coming From USDT Transfers

As trading volumes continue to explode on Uniswap, so is the amount of gas fee spent on token transfers on the automated market-making platform. The post Over $12M Gas Fee Spent on Uniswap in August With Most Coming From USDT Transfers appeared first on CryptoPotato.

Binance Coin (BNB) Gains 5%, Technicals Indicate Fresh Monthly High Above $24

Binance coin price is up over 5% and it broke the $23.00 resistance against the USDT.

Tether flips Bitcoin: 20B+ on the cards for USDT in 2020?

The cryptocurrency market has provided an alternative to the age-old banking system, with the year 2020 at the fore of showcasing its ability to swiftly bounce back after the pandemic hit global marke The post Tether flips Bitcoin: 20B+ on the cards for USDT in 2020? appeared first on AMBCrypto.

OMG price skyrockets by 90% after Tether integration

OMG: this token is on fire! But can Tether’s USDT stablecoin really be enough to keep the flames burning?

Tron Loses 23% of Its $4.3B USDT Reserves to DeFi Hotbed Ethereum

A "3rd party" crypto exchange ordered the swap.

Evolve Markets Meets Community’s Wish, Adds USDT Accounts

Evolve Markets, the leading crypto-based margin trading platform delivering secure, direct, and easy access to global financial markets, has added yet another feather to its cap by introducing Tether (USDT) based accounts and deposits.

Tron loses $1 billion Tether to Ethereum in chain swap

Tether has moved $1 billion in USDT tokens from the TRON blockchain to Ethereum, at the request of a major cryptocurrency exchange.

Tether Moves 1 Billion USDT to Ethereum Amid Sky-High Fees and Congestion

Tether, the USDT stablecoin issuer, has confirmed the swap of 1 billion USDT from Tron's network to Ethereum.

High Ethereum Fees Push Tether to Its Eighth Blockchain, OMG Network

Tether’s USDT is now live on scaling blockchain OMG Network in a bid to decrease pressure on its parent blockchain, Ethereum.

Bitcoin.com Wallet Reveals USDT Support – Users Can Swap and Store SLP-Based Tether

During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities.

Massive Short Squeeze Prompts Chainlink (LINK) Price to Rally 52%

A massive short squeeze in the futures market is the likely reason behind Chainlink (LINK) price surging by 52% on Saturday. Chainlink (LINK) price continues to set new records as the DeFi-related token surged 52% to reach a new all-time high at $13.8799 today.  Over the last 24-hours, LINK has surged by 52%, rallying from $9.05 to as high as $13.8799 on Binance exchange.  LINK-USDT daily chart.

Chainlink, VeChain USDT-margined contracts outperform Bitcoin, Ethereum

The crypto-market has been noting a lot of momentum lately, especially in light of price volatility making a comeback.

Tether on a tear as market cap hits $11 billion

Record BTC and USDT inflows push market cap up nearly a half a billion dollars as on-ramps for crypto get more traffic.

US DOJ After $7.2 Million Crypto Ponzi Banana Fund

The United States Secret Service (USSS) has executed a seizure warrant for 482 bitcoins and 1.7 million USDT from an alleged Ponzi scheme administrator. The post US DOJ After $7.2 Million Crypto Ponzi Banana Fund appeared first on CryptoPotato.

Bybit presents World Series of Trading (WSOT) – 200 BTC Prize Pool up for Grabs

While movie theaters may be unusually empty this time of the year, a different kind of summer blockbuster is coming soon, one that promises to bring back the exhilaration of competitive crypto trading with up to 200 bitcoins (BTC) prize pool, up to 20% off trading fees and up to $9,400 in USDT bonuses.

Next Generation Peer-to-Peer Trading Platform, CryptoLocally Now Supports ETH, USDT (ERC-20), and DAI

CryptoLocally, a next-generation peer-to-peer (P2P) trading platform, has recently announced the support for Ethereum-based tokens.

World Series of Trading (WSOT) – Monstrous 200 BTC Prize Pool up for Grabs

While movie theaters may be unusually empty this time of the year, a different kind of summer blockbuster is coming soon, one that promises to bring back the exhilaration of competitive crypto trading with up to 200 bitcoins (BTC) prize pool, 20% off trading fees and up to $9,400 in USDT bonuses.

Tether Prints $300 Million, While XRP Reclaims Third Spot

Tether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone.

Stablecoin On-Chain Activity Explodes as Bitcoin Breaks $11K

The on-chain activity for market-leading stablecoins Tether, DAI and USDC exploded as Bitcoin breached the $11,000 plateau. The on-chain activity for the three of the biggest stablecoins exploded as Bitcoin (BTC) was breaking the $11,000 price barrier. 7-day average transfer volume for USDT, DAI, USDC & BTC Price. Sou

Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode.

Third OKEx Trading Contest Offers $150K in Prizes

The OKEx crypto exchange will host its third Elite Team Trading Contest starting from August 10. Cryptocurrency exchange OKEx announced the official launch of its third “Elite Team Trading Contest”, which will offer a total jackpot of 150,000 USDT in prizes. According to the announcement, the contest, which starts on August 10, will last for two weeks until August 24. The top 10 teams in the contest will receive a share of the total prize pool.

Tether Poised to Surpass Bitcoin (BTC) As Dominant Currency, Says Messari Researcher

Tether (USDT) could soon replace Bitcoin as the dominant currency on public blockchains, says Ryan Watkins, a research analyst at the crypto analytics firm Messari.