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0.00006032 BTC
Market Cap (Rank#3)
3,942,800 BTC
Vol 24h
335,744 BTC
Circulating Supply
Max Supply
1 day agocointelegraph
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.
2 days agocryptodaily
Fenbushi’s Bo Shen Hacked For Millions
Hackers targeted crypto venture capitalist Bo Shen’s private Ethereum wallet and drained it of crypto worth $42 million. Bo Shen Loses $42M On November 10, the founder of the blockchain-focused venture capital firm was targeted in a hack, which siphoned off millions of dollars worth of digital assets from his wallet. The stolen assets consist of stablecoins and cryptocurrencies. Bo Shen, who is one of the founding partners at Fenbushi Capital, has disclosed that his Ethereum wallet was drained of funds worth $42 million. According to blockchain security firm Beosin, the attack was a result of a compromised private key that the hacker exploited. The month of October witnessed a series of hacks and wallet exploits resulting in losses of millions of dollars of digital assets, earning it the title of “Hacktober.” The current exploit of Bo Shen’s private wallet is enough to make the community nervous, especially in light of the terrible market conditions. Mostly Stablecoins Stolen; FBI Notified According to onchain data from the wallet, around $38 million of the assets stolen from Bo Shen’s wallet were in the stablecoin USDC. The remaining assets include Tether (USDT), Uniswap (UNI), Reputation (REP), and Liquity (LQTY). Bo Shen shared the news of the attack on Twitter and also disclosed that the incident has been reported to local law enforcement, along with lawyers and the FBI. He tweeted, “A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen assets are personal funds and do not affect on Fenbushi related entities…Civilization and justice will eventually prevail over barbarism and evil. This is the iron law of human society. It’s just a matter of time.” SlowMist’s Analysis The above is all the information shared by the venture capitalist, who did not reveal any further details of the hack. However, blockchain security firm SlowMist looked into the situation and discovered that Shen was using a non-custodial Trust Wallet and that the wallet seed phrase was compromised. They have also clarified that the security issue does not lie with Trust Wallet. The SlowMist team also uncovered the affected addresses for Shen’s ETH, TRX, and BTC funds and revealed that most of the funds from these addresses were sent to the crypto-swapping platforms ChangeNOW and SideShift. They tweeted, “4.13 $BTC + 100,000 $USDT were deposited to ChangeNOW; 152,673.3397 USDT was deposited to ChangeNOW; 200 DAI + 386,126 USDT were deposited to SideShift.” SlowMist has also issued a statement asking the attackers to return the funds immediately. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Candy Club Offers 100,000 Candy-USDT Reward for World Cup Celebration
Hong Kong, Hong Kong, 21st November, 2022, ChainwireWith over 100,000 candy-USDT in prizes, Candy Club World Cup extravaganza will turn up the heat with crypto winter and give crypto fans a much needed cause for celebration over the next 28 days. Throughout the 4 week tournament in Qatar, Candy Club will give out over 100,000 Candy-USDT to players who sign up and play. With bonuses given out for wager sizes, parlays, pick the winner and more, this is the biggest web3 prize pool to showcase crypto’s love for the world game. From moneylines, totals, proposition bets to world cup futures, Candy Club will offer the widest and most exotic World Cup wager options for the 64 games. As a premier online social crypto gaming platform, Candy Club opens the world of slots, blackjack, roulette, bacarrat, blockchain gaming and sports wagering to football and gaming fans around the world. The best part of Candy Club’s World Cup campaign is that all wagers can be made using the largest selection of ERC20/BEP20 tokens available in the market. No longer are players restricted to making wagers in BTC or ETH, now they can use their altcoins to enjoy the fun and excitement of the World Cup. As importantly, the ability to use any ERC20 or BEP20 token provides DeFi, NFT, GameFi & Metaverse projects with an utility token the choice to adding risk free utility to their token and give their community a much needed token use case this crypto winter. "This World Cup, Candy Club is giving the crypto hodlnauts something to smile about. Since our launch at Token2049, we have been working crypto-speed to increase the token demand of all ERC20 & BEP20 projects and give all communities a ray of hope. That ray of hope is amplified during the World Cup where we want to reward all those who diamond handed during this crypto winter!’ said David Barrantes, President of Candy Club. For any ERC20/BEP20 looking to increase their token utility through Candy Club, please contact our business development team on About Candy Club Candy Club is the world’s first social crypto gaming platform that accepts all Ethereum and Binance Smart Chain projects with a ERC20 or BEP20 utility token. Legally compliant and security focused, Candy Club opens the social gaming experience to over 14,000 cryptocurrency projects and over 73 million wallets. Website | Twitter | Telegram |ContactVP MarketingRyan HeCandy [email protected]
3 days agocointelegraph
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance.
3 days agocointelegraph
Tether vs. USD Coin on-chain data reveals two very different stablecoins
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
4 days agocryptodaily
Djed Stablecoin Launching on Cardano After Summit Announcement
COTI CEO Shahaf Bar-Geffen has appeared on stage at the annual Cardano Summit in Lausanne, where he confirmed that the company’s algorithmic stablecoin will launch in January after the conclusion of a full audit. “Djed going to public mainnet is a great achievement, following a lot of hard work from IOG (Input Output Global) and COTI,” said Bar-Geffen. “Recent market events have proven once again that we need a safe haven from volatility, and Djed will fulfil this role in the Cardano network. “We need a stablecoin that is decentralized and has on-chain proof of reserves: Djed is just that and I see it becoming the top stablecoin on the Cardano network.” Slow and Steady Approach COTI’s announcement of a launch date was teased several days ago, and the hype has been steadily building for Djed, an over-collateralized algorithmic stablecoin which will be integrated out of the gate with various COTI partners, not least DEXs, launchpads, wallets and lending protocols. According to Bar-Geffen, further partnerships will also be announced throughout 2023. The decentralized exchanges integrated with Djed from January, which include AdaSwap, Cardax, SundaeSwap and ADAX, will offer increased rewards to users who supply liquidity using the COTI-powered stablecoin. Djed will include Vasil hard fork compatibility, with future versions expected to introduce dynamic fees and prices and also support staking. An enterprise-grade layer-1, COTI has taken a slow-and-steady approach to the issuance of Djed, which was first announced at the 2021 Cardano Summit in Wyoming. On the main stage at this year’s event, Bar-Geffen stressed that COTI was keen to ensure several rigorous stress tests had been completed before Djed debuted on the Cardano mainnet, and that $ADA liquidity had gradually been provided to the Djed smart contract in line with this approach. While other blockchain networks have dominant dollar-pegged stablecoins, most notably USDT (Tether) and USDC (USD Coin) on Ethereum, Cardano has not benefited from such an ecosystem to date. As the only blockchain network to have conducted KYC/AML on all users since launching in 2017, COTI believes it is well placed to issue a stablecoin that is dependable, regulation-ready, and highly secure. Built on Cardano and powered by COTI, Djed is essentially an algorithmic stablecoin protocol that functions like an autonomous bank, buying and selling stable assets based on a price range set by a target price. Pegged 1:1 with the US dollar, Djed is backed by a base coin ($ADA) and uses $SHEN as a reserve coin. The algorithmic underpinnings of the asset relies on a collateral ratio within the range of 400-800% for $DJED and $SHEN in order to guarantee that there is sufficient $ADA in the pool. Cardano founder Charles Hoskinson has long touted Cardano’s potential as a DeFi powerhouse. Last year, he even introduced the Cardano DeFi Alliance (CDA) with the goal of creating a robust and dynamic ecosystem for the next wave of DeFi innovation. With the forthcoming launch of Djed, not to mention another US-pegged stablecoin, USDA, that vision is gradually coming into clearer focus. In light of recent market turbulence, 2023 is shaping up to be an interesting year for crypto in general – and certainly for Cardano. Not only will the latter’s DeFi ecosystem be battle-tested for the first time, but Hoskinson recently announced the release of a new privacy-centric network, Midnight, underpinned by zero-knowledge-proof technology. Whatever happens with Midnight, January’s launch of Djed will be a watershed moment for Cardano – and in particular its DeFi ambitions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
4 days agocryptopotato
Candy Club Offers 100,000 Candy-USDT Reward for World Cup Celebration
[PRESS RELEASE – Hong Kong, Hong Kong, 21st November 2022] With over 100,000 candy-USDT in prizes, Candy Club World Cup extravaganza will turn up the heat with crypto winter and give crypto fans a much needed cause for celebration over the next 28 days. Throughout the 4 week tournament in Qatar, Candy Club will give […]
5 days agocryptodaily
Investors claim crypto lender Nexo blocked their withdrawals
A family of investing entrepreneurs are suing Nexo for preventing them from withdrawing their funds and claim they were intimidated into selling crypto assets back to the lender at a 60% discount. Many centralised crypto lenders are feeling the pinch right now. If they aren’t in bankruptcy then they are very likely struggling with the lack of liquidity which is something the entire crypto space is suffering from. Nexo’s case is slightly different, given that hitherto the crypto lender has not received any allegations of insolvency. However, the way it has interacted with some of its investors does leave it open to some suspicion on this account. City A.M. covered a story earlier today of two brothers and their cousin who filed a lawsuit against Nexo, claiming that it had blocked their access to withdrawing the value of more than $126 million in cryptocurrencies, and that they had been intimidated into selling discounted $NEXO tokens worth millions back to the crypto lender under the threat of not being able to withdraw. The Mortons are a family of fintech entrepreneurs who originally began to have concerns over their investments in Nexo back in 2020. The concerns included Nexo’s status with the FCA, the UK regulatory watchdog, along with the amount of $NEXO tokens owned by employees of the company. The Mortons shared their concerns with Nexo in December 2020, but felt that they hadn’t received a satisfactory response, and so started to sell their $NEXO tokens in amounts that they hoped wouldn’t affect the token price. However, in March of 2021 Nexo imposed a withdrawal limit of $150,000 a day, and then went a step further the following day by greying out the withdrawal buttons on their apps, which prevented them from withdrawing any of their cryptocurrency at all from the platform. In addition, the two Morton brothers had their convert button greyed out, thereby preventing them from converting any of their cryptocurrencies. At this point the Mortons contacted Nexo and were told by an account manager that the blocks were applied to their account in order to “support the price of Nexo tokens.” The manager then offered a deal to unblock withdrawals if the Mortons would sell their $NEXO tokens back to the company for a 60% discount. The Mortons accepted the deal and were then able to remove nearly $39 million in Tether stable coins. However, had they been able to remove their $NEXO tokens at the time they originally wanted to, then they would have been worth around $84.5 million. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocryptopotato
If Binance or Tether Collapse, it’s Game Over for Crypto, DOGE’s Founder Says
An eventual crash of Binance or Tether could cause a "big mega mondo market crash," Shibetoshi Nakamoto assumed.
8 days agocryptopotato
Tether Ensures No Risk From USDT on Solana, SOL Tanks Further
Leading crypto companies such as Tether are scrambling to reassure users that their products and services are free of FTX and Alameda contagion.
9 days agocryptopotato
Multiple Exchanges Delist USDC and USDT on Solana
Exchanges like Binance, BitMEX, and OKX are limiting deposits and withdrawals for Solana’s top stablecoins, without explanation.
9 days agocoindesk
Crypto Exchanges Binance and OKX Suspend Support for Solana Versions of USDT, USDC Stablecoins
Binance and OKX did not explain the reasons behind the move, which created confusion in the crypto industry.
9 days agocointelegraph
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
10 days agocointelegraph
Tether says it has no exposure to Genesis Global or Gemini Earn
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
10 days agocointelegraph
Bybit releases reserve wallet addresses amid calls for transparency
The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.
10 days agocryptopotato
Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contracts
The world's leading exchange has abandoned the FTT/USDT trading pair on both spot and perpetual contracts.
11 days agozycrypto
Tether Up On US Treasury Bills, Reduces Commercial Paper Holding – Q3 2022 Consolidated Reserves Report
The accounting firm BDO Italia has performed a quarterly assurance on the Consolidated Reserves of Tether Holdings Limited and its wholly-owned subsidiaries as of 30th September 2022. According to its report, Tether Group’s consolidated assets exceed its consolidated liabilities. As per the Consolidated Reserves Report (CRR), Tether Group’s total assets as of September 30, 2022, […]
12 days agocryptodaily
TRON Grand Hackathon 2022 Season 3 Welcomes More than 1000 Participants
Geneva, Switzerland, 14th November, 2022, ChainwireThe TRON Grand Hackathon 2022 Season 3 submission period came to a close on Monday, November 14, with more than 1000 registered to participate. TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of 50+ partners and judges for Season 3. This innovation event draws together crypto’s most prestigious institutions to offer their expert opinions on which project will most accelerate the growth of the TRON ecosystem. The Judging period will be between November 29 to December 12. Five winners will be selected from each track. The winners of Season 3 will be revealed on Friday, December 16. Season 3 #HackaTRON has a total of six tracks: DeFi, GameFi, NFT, Web3, Ecosystem, and Academy with an aggregate prize pool of $1.2 million. The recently introduced Ecosystem track was created to attract Ethereum projects seeking to increase their impact. The focus of this season will be on cutting-edge, cross-chain solutions, and the widespread usage of blockchain technology. Due to its compatibility with the Ethereum Virtual Machine (EVM), TRON has always enabled cross-chain capabilities. Developers now have more choices for deploying and interacting with other L1 blockchain ecosystems via the BTTC bridge. The new Academy track was carried out via an in-person event that welcomed more than 200 university students from seven top-tier schools consisting of Harvard, MIT, Yale, UPenn, Princeton, Northeastern, and Boston University. The “Hacker House” was on the Harvard campus and hosted up-and-coming blockchain developers with various projects over the past weekend. Teams competed for a share of the $74,000 prize pool, which was allocated specifically for this track. A new initiative called the TRON Academy Program, which looks to establish blockchain partnerships on college campuses across the globe, officially launched with the Hacker House event. The TRON Grand Hackathon, a.k.a. HackaTRON, provides developers with the tools they need to create and implement DeFi, GameFi, NFT, and Web3 decentralized applications (dApps). TRON hopes to build a sizable, worldwide blockchain community and is actively seeking developer teams who wish to build in the TRON and BTTC ecosystems. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2022, it has over 120 million total user accounts on the blockchain, more than 4.2 billion total transactions, and over $11.8 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON's official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]
13 days agocryptodaily
Binance Reveals It Has Over $70 Billion in Reserves
After the chaos that unfolded this past week with FTX, many exchanges and firms have taken a pledge towards transparency and have revealed the balances of their hot and cold wallets. Binance, who was the first to advocate for this, has revealed that it has over $70 billion in its reserves. Earlier in the week, Binance CEO, Changpeng “CZ” Zhao, announced that his exchange was to implement a Proof-of-Reserve mechanism to provide “full transparency” using Merkle Trees and emphasized the importance of transparency. In a show of good faith, Binance disclosed its hot and cold wallet balances in a recent blog post. according to what Binance published, the exchange holds $70,675,000,000 in its reserve. The exchange announced that it will share a full audited report soon, but did publish its major tokens on BTC, ETH, BNB, and TRX networks. The exchange holds roughly 475,000 BTC, 4,800,000 ETH, 17,600,000,000 BUSD, 601,000,000 USDC, and 58,000,000 BNB. Data from crypto analytics firm Nansen reveals that 32.99% of the exchange’s assets are in BUSD, 22.92% in USDT, 10.22% in ETH, 8.97 in BTC, 8.60% in BNB, and 16.29% in other tokens. Binance’s decision to publish the contents of its reserves was spurred on by the massive downfall of FTX and its former CEO, Sam Bankman-Fried (SBF). The chaos started when reports emerged that most of FTX’s sister firm, Alameda Research’s funds were held in FTT. Questions were raised around its balance sheet and CZ announced that the exchange would dump its position in FTT tokens. While this took place, it triggered a surge in outflows as more and more customers wanted to withdraw their funds from FTX resulting in a drop in its stablecoin reserves. The exchange then apparently stopped processing withdrawals, but this was denied by SBF. Binance proceeded to announce that it would acquire FTX pending due diligence. After an investigation into the firm’s finances and internal data, Binance backtracked and decided not to go through with the deal. FTX thereafter announced that it had filed for Chapter 11 bankruptcy and SBF stepped down as CEO. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocryptodaily
Hold Rocketize Token, Decentraland, and Ripple For Potentially Huge Returns in The Next Bull Cycle
Are you looking for cryptocurrencies to hold for a chance to make huge gains in the next bull cycle? Rocketize Token (JATO), Decentraland (MANA), and Ripple (XRP) might be what you need. Rocketize Token (JATO) is still in its presale, but it has gained a lot of attention in the crypto world. Also, one of the top gainers of the last bull cycle Decentraland (MANA), and one coin that has managed to sustain its reign through the years, Ripple (XRP), are the hot three coins to add to your portfolios, according to crypto analysts. The New Exciting Token Rocketize Token Rocketize Token (JATO) is a developing cryptocurrency that aims to merge the meme coin concept with Decentralized Finance (DeFi). It describes itself as a DeFi meme coin that will seek to catapult "Rocketize Token" users into the space of gains. Rocketize Token (JATO) is community-focused. It will leverage meme hype to attract the attention of meme coin enthusiasts. It will also offer a decentralized exchange (DEX) where users can trade cryptocurrencies at low fees. Users will also receive rewards on the platform. Another feature that developers want to incorporate into Rocketize Token's (JATO) ecosystem is NFT. Users will get to mint NFTs on the platform and trade them for gains through the marketplace. All platform interactions, including trading, NFT minting, reward, and platform governance, will utilize the JATO token. Rocketize Token (JATO) has launched a pre-sale for its project. You can get the JATO token now for a fraction of its future potential worth. There are also additional benefits for participating in the project's pre-sale. If an extra 8% to 15% of tokens sounds good to you, you should buy now with ETH, BTC, USDT, BNB, SOL, DOGE, or SHIB. Depending on the pre-sale stage and other criteria, you will also get other bonuses. One of the Last Bull Cycle's Gainers: Decentraland Decentraland (MANA) was one of the investors' favorite assets in the last bull cycle. The project received a lot of attention as the Metaverse concept became popular. The project, Decentraland (MANA), incentivizes users to run a virtual world collectively. You can buy a LAND NFT with MANA tokens and build on it, then charge other users who want access to your creation. You can also design other collectibles and trade them through the platform's marketplace. Although the token's value dropped greatly due to the bear market in 2022, it still has positive sentiment among enthusiasts. As it is, the Metaverse concept is still developing. It is a world of infinite possibilities; hence, experts believe the project and its token still have room for growth. Long-Reigning Crypto Veteran: Ripple Ripple (XRP) is one of the oldest cryptocurrencies in the market that has maintained its top spot. It currently ranks 6th, according to CoinMarketCap. Ripple (XRP) was issued by Ripple Labs and is the native coin of XRP Ledger. It supports transactions on Ripple's crypto-to-fiat cross-border payment platform and XRP Ledger's decentralized public blockchain. Developers building innovative projects and applications across blockchain use cases like online gaming, asset custody, tokenization of assets, NFTs, and DeFi can leverage XRP Ledger and use XRP tokens to pay for transactions. So many coins that reached all-time highs in earlier bull cycles have faded into obscurity. However, Ripple (XRP) is still relevant in the market and working on several partnerships to sustain its reign. Also, its ongoing lawsuit with the SEC is drawing to a favorable close. When the lawsuit is finally over, Ripple (XRP) will likely see an explosion in value as its hindering factor will have been removed. The cryptocurrency market is laden with uncertainties. However, Rocketize Token (JATO), Decentraland (MANA), and Ripple (XRP) are some of the projects that one can look to with high expectations. The three tokens have market-relevant features and positive market sentiments. You can buy MANA and XRP now through crypto exchanges. JATO is only available on pre-sale right now. To find out more about Rocketize Token (JATO), visit the links below: Presale: Website: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
14 days agocointelegraph
Tether blacklists $31.4M USDT following FTX's alleged hack, Musk reacts
Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time.
14 days agocoindesk
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
The exchange’s public wallets hold just over $52,000, data shows.
15 days agocryptodaily
Inery Token $INR Goes Live on BitMart Exchange
Singapore, Singapore, 11th November, 2022, Chainwire$INR is live on BitMart Exchange after several strategic partnerships and a successful listing on Huobi Global. The deposit feature opened on November 9, and the trading feature is set to open on November 11. The BitMart listing comes after the community’s request and voting to list the $INR token on the exchange. Inery is a proprietary layer-1 blockchain specifically designed to address database management to fuel a paradigm shift in how data is handled. Inery’s native token, $INR, is to be listed on one of the leading and most trusted cryptocurrency exchanges in the world, BitMart, which serves over 9 million users in 180+ nations and supports 800+ crypto trading pairs and over 750 high-quality cryptocurrencies. This opens up an opportunity for Inery to spread its offerings to a wider audience and change the perception and approach to data management while providing value to the everyday user. Ambitions to Decentralize Data The way the Inery ecosystem is structured is in a way that breaks entry barriers to Web3. It combines the best of both worlds, the conventional and Web3 spaces, by integrating blockchain functionalities and distributed database properties; and provides an easy-to-use interface to enable the everyday user to easily communicate with the blockchain using layman-level language. Its high-performant, security, and scalability gives Inery different use cases in diverse sectors, including real estate, gaming, finance, governments, healthcare, etc. Inery also aims to provide interoperability between chains, among other industries, without compromising on performance, scalability, and security. Built atop the proprietary layer 1 blockchain running on memory nodes, its decentralized database management solution (DBMS) enables users to perform CRUD operations as well as have complete ownership and control over their data, such that only users with predefined permissions can access it. This is essential in the technological era where user-generated content and big data are streaming in, and the physical world migrates to the virtual realms but is exposed to big tech manipulation, breaches, losses, etc. The $INR token is essential in securing and powering the ecosystem and as a unit of exchange for accessing the decentralized storage of Inery DBMS. Milestones This subsequent listing comes barely over a month since the INR token was successfully listed on Huobi, where it was well received. Prior to that, Inery had launched its first public testnet and launched a set of activities where users are rewarded for completing sets of tasks. The second set of activities is currently ongoing, where the testnet has already registered 2000+ master and lite nodes from over 10 countries worldwide. Inery has also carried out successful VC rounds, seeing firms like Metavest invest at a valuation of $128 million and Global Emerging Markets (GEM) commit $50 million. Other VC investors include Nebulous Holdings AG, Menas Global, Cap Lion Point, Truth Ventures, and Zazen. It has also strategically partnered with firms like NexBloc and EDDAVerse, and recently inked an MoU with Bharat Electronics Limited (BEL), a Navratna’s PSU that handles the entire Indian PSUs’ technical parts. The project has also been recognized as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards. Listing Schedule Inery is scheduled to be listed on BitMart on November 11, with the trading pair: INR/USDT. Deposits started on 09/11/2022 at 3 PM (UTC) Trading starts on 11/11/2022 at 3 PM (UTC) About Inery Inery is a layer-1 blockchain solution designed to open the doorway to Web3 by enabling interoperability among blockchains and a streamlined transition from Web2 to decentralization. Inery’s simple-to-use GUI breaks entry barriers to the blockchain, enabling layman-level communication between end-users and the blockchain, while maintaining high throughput, unparalleled security, privacy, data sovereignty, etc.ContactDirector of Marketing & PRTijana D GertnerINERY PTE. [email protected]
15 days agozycrypto
Seasoned Price Action Trader Says This Has To Happen For The Crypto Relief Rally To Continue
In a tweet on October 31, seasoned price action trader Justin Bennett asserted that Tether (USDT’s) dominance has to break its upward trend for the latest crypto rally to continue. While Bennett concedes that there are other stablecoins, he asserts that USDT remains at the top.  Notably, traders often see stablecoin flows as indicators of […]

About Tether

The live price of Tether (USDT) today is 0.999709 USD, and with the current circulating supply of Tether at 65,362,681,003.32 USDT, its market capitalization stands at 65,343,655,179 USD. In the last 24 hours USDT price has moved 0.000299 USD or 0.00% while 5,950,318,000 USD worth of USDT has been traded on various exchanges. The current valuation of USDT puts it at #3 in cryptocurrency rankings based on market capitalization.

Learn more about the Tether blockchain network and how it works or follow the price of its native cryptocurrency USDT and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in 2014 by Craig Sellars, Reeve Collins and Brock Pierce, Tether (USDT) is a type of stablecoin whose price is pegged to U.S. Dollar, and is issued by a Hong Kong-based company of the same name. Summed up, it is a blockchain-based platform that aims to "modernize" money (fiat currencies) by issuing digital equivalents. 

While the term Tether actually encompasses multiple tokens - USD (USDT), EUR (EURT), offshore Chinese Yuan (CNHT) and gold (XAUT) - it is commonly used to refer to USDT in particular. 

Tether’s core purpose is to help customers easily transact using conventional fiat currencies across the blockchain, without having to face the complexity and volatility normally associated with crypto assets. 

Being the first blockchain-powered platform to seamlessly facilitate digital usage of conventional fiat currencies, Tether has in a way effectively tapped into the blockchain tech for the democratization of cross-border transactions.

Tether is presently the largest stablecoin by market cap, and is regularly used by people as an inflation hedge. USDT tokens are minted on multiple leading blockchains, including Ethereum, Tron, EOS, Bitcoin Cash, Algorand, Omni, Liquid Network and Solana.

USDT price

Despite being designed to maintain the $1 peg at all times, USDT price has witnessed fluctuations in the past. USDT price reached its all-time low of $0.57 in March 2015, and an all-time high of $1.32 on July 24, 2018. Such price swings normally occur whenever there are sudden changes in the demand for USDT. For example, whenever the broader crypto market is experiencing a bull run, market participants favor volatile crypto assets, whereas in bearish phases they turn to the safety of stablecoins.

Other fundamental factors like regulatory changes and lawsuits have also negatively impacted the value of USDT coins in the past. Nonetheless, barring a few exceptions of occasional lows and highs, USDT price has generally always stayed in the vicinity of $1. According to our USDT live price chart, there are minor $0.001 - $0.002 deviations sometimes, but they’re too short-lived to have any long-lasting impact on the Tether market. With the increasing adoption across multiple blockchain ecosystems, USDT coin’s market cap has also grown significantly over the past few years. From under $5 billion in January 2020, it crossed $80 billion in Q1, 2022.

How USDT works

As mentioned earlier, Tether tokens are created on several blockchains that have their respective native protocols/layers which allow for easy issuance and redemption of the USDT coins. Tether claims that each USDT coin is 100% backed by their reserves, which include conventional fiat currency (US Dollar), its cash equivalents, other assets and receivables from loans extended by Tether to third parties.

As USDT coins are minted on different networks, users must carefully check the destination address and make sure that they’re interacting with the correct blockchain before processing any USDT transfers. For instance, USDT minted on Ethereum are based on the ERC-20 token standard, while the ones minted on Tron are created with the TRC-20 token standard.

Tether guarantees that the USDT value always remains pegged to the USD. The company claims that whenever new USDT tokens are issued, assets worth their equivalent are deposited into Tether’s reserves. USDT has no specific maximum supply. As USDT coins are issued by a private company, their issuance is theoretically determined by Tether’s policies. Since every USDT is claimed to be backed by a dollar worth of reserve, the total circulating supply is limited based on the actual cash/asset reserves held by the company.

USDT coins are often burnt too, in order to reduce the existing number of outstanding tokens on a specific blockchain. Such outstanding USDT coins arise whenever customers redeem their tokens for fiat USD. They can even be held temporarily by Tether’s treasury, removed from circulating supply, and re-issued later in response to fresh market demand.

USDT news, updates and highlights

In a major news for the USDT coin, New York Attorney General Letita James filed a lawsuit against Bitfinex and Tether, in April 2019, accusing them of unlawfully using Tether’s reserves, for covering the former’s losses to the tune of $850 million. The case went on for almost two years, before a settlement was reached in February 2021, penalizing the two companies with a fine of $18.5 million.

More recently, in April 2002, Tether announced its launch on Kusama, a parallel blockchain network that serves Polkadot. The development proves that there’s ample interest in the USDT coin, amongst Polkadot developers. The stablecoin will power transactions occurring on the Kusama’s Statemine, a ‘public good parachain’ that helps in balance-keeping and deployment of non-fungible and fungible tokens across multiple blockchains.

Frequently asked questions about USDT

  • Is it possible to mine or stake USDT?

While you cannot mine USDT, it is possible to stake or lend your USDT coins through various DeFi products and crypto platforms.

  • What are some of the best USDT wallets?

As USDT is issued on multiple blockchains, your choice of Tether wallet will depend greatly on the blockchain your USDT coins were minted on. Some of the most popular USDT wallets include Trezor, Exodus, Ledger and Atomic.

  • What can I do with  USDT coins?

You can use your USDT coins to buy or trade various crypto assets like BTC, ETH, XRP, ADA, SOL and more, on exchange platforms. Being the digital equivalent of the US Dollar, USDT is also actively used to pay for goods and services across the world. Besides these, many people use USDT as a value store to hedge against inflation.

  • What’s the best way to buy USDT?

You can easily buy USDT on most cryptocurrency exchanges, including Binance, OKX and others by exchanging your digital assets for USDT.

Tether Price0.999709 USD
Market Rank#3
Market Cap65,343,655,179 USD
24h Volume5,564,248,930 USD
Circulating Supply65,362,681,003.32 USDT
Max SupplyNo Data
Yesterday's Market Cap65,349,075,000 USD
Yesterday's Open / Close0.999493 USD / 0.999792 USD
Yesterday's High / Low1.00 USD / 0.999441 USD
Yesterday's Change
0.00% ( 0.000299 USD )
Yesterday's Volume5,950,318,000 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
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