Peter Brandt Warns Against Holding Tether, Calls It Risker Than “Nigerian Trinkets”

Peter Brandt Warns Against Holding Tether, Calls It Risker Than “Nigerian Trinkets”

The well-known trading veteran Peter Brandt is making headlines once again. Specifically, Brandt is now taking aim at the cryptocurrency stablecoin Tether. In a recent tweet, Brandt said that holding Tether is as risky as holding a “Nigerian trinket”. “Tether about as safe as holding Nigerian trinkets”  Specifically, Brandt’s tweet calls those holding Tether “fools” … Continue reading Peter Brandt Warns Against Holding Tether, Calls It Risker Than “Nigerian Trinkets”

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

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

Bitcoin Rallies as a Massive Selloff Casts Doubt Over Tether’s USD Peg

Bitcoin Rallies as a Massive Selloff Casts Doubt Over Tether’s USD Peg

Bitcoin has jumped almost 10 percent in early Monday, after fears that it would slide below the psychological $6000 mark at the end of last week. The market cap of BTC grew by almost $10 billion in minutes, as the coin surged from $6230 to trade around $6700 at press time. What fueled such an … Continue reading Bitcoin Rallies as a Massive Selloff Casts Doubt Over Tether’s USD Peg