Jun 17, · Of particular interest, though, is when the Tether Treasury “mints” new USDT coins and they begin moving to large exchanges like Binance and Bitfinex. Market watchers have noted that whenever millions of new USDT appear in exchange wallets, BTC is about to rise. On May 8, , the Tether Treasury minted million new USDT. May 10, · Recent events involving Binance, Bitfinex and Tether suggest there's potential for "catastrophic, systemic risk in crypto," Dan Cawrey natur-holzbausteine.de: Daniel Cawrey. In light of this, Binance team has personally allocated 10, Ethereum, 5 Bitcoin and $1 Tether (erc) to be given out as a way to speed up the process of cryptocurrency adoption and to support the #STAYHOME for COVID If you want to participate, it is really simple to do: CLICK HERE PARTICIPATE WITH Bitcoin (BTC).
Binance btc tetherHow to buy Tether (USDT) on Binance? | CoinCodex
Does this help the investigation going forward? Update: I am pretty sure that the remittitur was just a procedural thing that signals that the appellate court is done and has kicked the ball back to the original court—i. When you see bitcoin getting pumped like this, what you are seeing is traders cashing out before the bubble bursts.
Bitcoin is not a company. It does not create any actual revenue. Cash coming into the system goes to paying the miners, who sell their newly minted BTC per day and earlier investors lucky enough to sell at the right time. Speaking of Binance, the crypto exchange is suing Forbes and two journalists for a recent report claiming that the exchange had a plan to dodge regulations.
Here is the complaint. The big news of the week is that three congressional democrats are trying to pass a bill that will require stablecoin issuers to comply with the same regulations and rules as banks. The bill , press release. Stablecoin issues are like wild cat banks. Back in the s banks would issue their own currency, and nobody knew what was backing the currency.
And because these banks were often in remote, hard to get to locations, people often had trouble redeeming their notes for silver or gold or whatever it was that was supposed to be backing them.
They are banks printing their own banknotes. It is literally recapitulating 19th century banking. They just don't have pretty critters on the pieces of paper. It is now the Diem Association. Press release.
PayPal is shilling bitcoin on Facebook and Twitter. Lawyers were conned by a con. My blog. New York Times. The views expressed are those of the authors and are not investment advice.
All investors, institutional or otherwise, have a duty to try to see the world as it truly is. Not as they wish it to be. This is especially true when putting investment dollars at risk.
One needs to ask questions to understand elements influencing the outcome of an investment. Look at it backward. What happens if all our plans go wrong?
There is potential for catastrophic, systemic risk in crypto right now. Recent events surrounding Binance, Bitfinex and the stablecoin Tether necessitate this conversation. Yet it is strange how infrequently one hears the concept of systemic risk mentioned in this space. Source: TokenAnalyst. Now, if we read ever so slightly between the lines, there seems to be a suggestion that there may be further improprieties. Or at least the NYAG is reasonably certain it is worthwhile to investigate this further.
So, it makes sense that they want to find out the extent of it and whether other illegal activities have happened or continue to happen.
If this indeed turns out to be the case, enforcement action could be taken by the government against Tether. If such action prevents USDT from being freely traded, holders of tether would then almost certainly sustain significant losses.
Remarkably, USDT is still the most widely used stablecoin. Traders use it extensively to move into and out of positions on crypto exchanges across the globe. There would likely be a cascade of activity following that. This could cause massive, ecosystem-wide harm to the entire crypto space. Assets would likely get locked up in court battles that could take years to resolve.
Think Lehman Brothers. If your deposit has already been processed, the coin and amount will appear on the list. If you have multiple coins, you can use the search bar. For this step, we will assume you deposited BTC. If you deposited ETH, don't worry — the process itself is exactly the same. After clicking on the trading pair, a price chart will appear in the center.
Tip 1: If you're planning to trade different cryptocurrencies, purchase some BNB first. Tip 2: If you deposited a large amount of coins, try not to purchase your USDT all at once — instead, consider buying it at different price levels.
This strategy is called unit cost averaging. The order should be executed almost instantly and the USDT will be added to your balance soon. As you can see, buying Tether on Binance is a pretty straightforward process. Hopefully, this article was helpful if you encountered any issues along the way. Good luck!