Tether Admits it’s No Longer Backed by Dollars

Tether Admits it’s No Longer Backed by Dollars

There are a handful of feuds in the cryptocurrency space that have been spawning arguments since time immemorial. Is XRP decentralized? Big blocks or small blocks? And is Tether actually backed by dollars in a bank account? The debates over this last question have started again as the spotlight is back on Tether after recent … Continue reading Tether Admits it’s No Longer Backed by Dollars

DAI is the Decentralized and Transparent Alternative to Tether

DAI is the Decentralized and Transparent Alternative to Tether

DAI is a decentralized stablecoin that runs on the Ethereum blockchain. While any person can trade their cryptocurrency for DAI, like Tether, DAI’s most interesting characteristic is that it can be borrowed by staking Ethereum as collateral. This process is known as opening a CDP (Collateralized Debt Position) and it’s a brilliant invention which is … Continue reading DAI is the Decentralized and Transparent Alternative to Tether

Bitcoin Price Was Manipulated by Tether – Researchers Found

Bitcoin Price Was Manipulated by Tether - Researchers Propose

A recent study has proposed that Tether, the US dollar-pegged cryptocurrency, was ”explicitly responsible” for the highs in Bitcoin price during December of 2017. The report goes on to suggest that the cryptocurrency’s rise to nearly $20,000 was in fact supported by a ”conscious strategy to provide price support” using Tether tokens. Tether is a … Continue reading Bitcoin Price Was Manipulated by Tether – Researchers Found

Chinese Firm Detects Tether Vulnerability

Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency

Slowmist, a private Chinese digital security company, has reported of detecting a double-spending vulnerability in the code of Tether (USDT). In a lengthy Twitter post, the security firm stated it was able to send USDT to an undisclosed crypto exchange by entering false field values in the transaction. This means that crypto punters, trading with … Continue reading Chinese Firm Detects Tether Vulnerability