Tether Intentionally Obliterates 500 Million USDT

Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) 00, removed 500 million USDT from circulation and destroyed them. Blockchain data […]

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Bitcoin Price Analysis: Picking Up the Pieces

Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $7k, again… Bitcoin Price Market Overview Prior to the dump, Bitcoin price BTC/USD 00 was experiencing continued rejections as it approached $7,400 but who […]

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Bitcoin Price Analysis: Bull Breakout or Bearish Reversal?

Bitcoin is working hard to overtake the $7,300 mark. However, the holding aspect that has proven problematic. Bitcoin Price Market Overview Bitcoin continues to reject at $7,300 even though it has staged a few inspiring pops above the $7,300 resistance. After a nearly 27% gain over the past two weeks, cooling off and consolidation isare […]

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Stablecoin Analysis: Panacea to Crypto Volatility or Disaster Waiting to Happen

Osato Avan-Nomayo · May 30, 2018 · 2:30 am Volatility is ubiquitous in the world of cryptocurrencies. The prices of cryptocurrencies swing wildly, sometimes within a 24-hour period. As a result, some cryptocurrency projects have attempted to create the so-called “stablecoin.” The Need for Stablecoins The price volatility of crypto species is anathema to many […]

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