A sharp drop in OKEx’s trading volume and stablecoin reserves – tether (USDT) in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives…
Tag: reserves
US Stock Market Cap to GDP Eclipses the Dot-Com Bubble High
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The…
Bitcoin News Roundup for July 10, 2020 – CoinDesk
With the price of BTC headed down and the Federal Reserve’s largest balance sheet decline in 11 years, CoinDesk’s Markets Daily is back for your bitcoin news roundup! The…
The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It? – CoinDesk
The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to…
Market Wrap: Stocks’ Carnage Drags Bitcoin Down to $9K – CoinDesk
Markets are taking the U.S. Federal Reserve’s less-than-optimistic economic forecasts quite hard, and that’s leading crypto traders to hit the sell button. Bitcoin (BTC) was trading around $9,258 as…
China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance – CoinDesk
The agency that regulates and manages China’s foreign exchange reserves has developed a blockchain system aimed to address inefficiencies in cross-border trade finance. As reported by local financial news…
Stablecoin Tether is Fully Backed By Dollars, New Bank Statement Reveals – Bitcoinist.com
Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar…
Tether, Bitfinex Reportedly Deserting ‘Unprofitable’ Noble Bank – Bitcoinist.com
Noble Bank, the “non-fractional reserves” institution which was once the primary reserve bank for Tether (USDT), is facing competition from other banks amid claims it is “no longer profitable.”…
The Future of Venezuela’s Petro Currency Remains Unclear
Venezuela has big plans for the Petro cryptocurrency. Backed by natural oil reserves, this new form of money can solve […] The post The Future of Venezuela’s Petro Currency…