Whether or not Tether has 1-to-1 fiat reserves is unverifiable due to issues with auditing. At roughly $3bn, stablecoins account for only approximately 1.4% of the total value of all cryptocurrency - yet Tether is consistently ranked 2nd in terms of daily trading volume, with a volume regularly close to, or even exceeding, its total market cap changing hands via exchanges on a daily basis. This information is based on the Blockchain data provided by Omni, a second-layer protocol on the Bitcoin blockchain which provides infrastructure to Tether (USDT) tokens.
The news had only marginally altered market sentiment as of press time, BTC/USD 00 gaining around 0.5 percent in the course of an hour. The panic yesterday caused Bitcoin to explode in price, jumping $600 or so on all exchanges with a premium on Bitfinex, where it jumped to as high as $7500 from $6200 in a very short amount of time. At time of writing, Bitcoin (BTC) is up 7.95 percent valuing the digital currency at $6.886.90. Most notably, the dominant vanilla-flavored cryptocurrency Bitcoin in Dollars value spiked at over $7,600 this morning, which is really pretty remarkable sense just last week many were talking about Bitcoin bearishly. The Bitcoin price for BTCP now, is 0.00039386 BTC. The Bitcoin price for NEBL now, is 0.00029613 BTC. With that, traders can hedge their positions to the USA dollar stability.
IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
$1 million Powerball ticket sold in New Jersey
There was also a $150,000 winning Powerball ticket sold in Owensboro for Wednesday night's drawing. Mega Millions lottery tickets rest on a counter at a Pilot travel center near Burlington, N.C.
Hot Stock to Watch: UnitedHealth Group Incorporated (NYSE:UNH)
Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3. Many investors consider earnings performance to be one of the most important factors when deciding which stocks to choose.
XRP (XRP) traded up 5.7% against the dollar and now trades at $0.44 or 0.00006746 BTC. The Bitcoin price for CAPP now, is 0.00000124 BTC.
Binance Coin (BNB) traded up 6.7% against the dollar and now trades at $10.22 or 0.00155586 BTC. The Bitcoin price for EVN now, is 0.00000936 BTC. As a stablecoin, it has the backing of the USA dollar in the ratio of 1:1. So, amid the news over the weekend of heavy Tether selloffs, it's hardly surprising that Bitfinex, the cryptocurrency exchange behind Tether LLC is leading the charge.
Perhaps in an effort to put the fears of investors to rest, in June, Tether released a transparency report written by Washington, DC-based law firm Freeh Sporkin & Sullivan LLP (FSS) as a way to prove that USDT was tied to the United States dollar and that the company did, in fact, possess reserves to back up its claims. If the volume of USDTD is suspiciously large in the midst of a market correction, it could signify investors are trading cryptos for Tether (USDTD). Mine is just one of many articles surrounding reviewing the wrongness of Tether and Bitfinex. This saw traders factor in the risk of using USDT to trade, leading to a premium that's now at 4.38%, meaning buying one BTC with the stablecoin costs $280 more than it does with United States dollars.
A senior European Union official later said Mrs May had indicated she was "ready to consider" a longer transition period. The EU hopes an extended transition will be enough to help May accept its plan for the Irish border, an official said.
Ranbir, who flew overseas for his father, Rishi Kapoor's medical treatment has stood like a rock by his side. In a video clip that is now viral, the duo can be seen exiting a building and making their way to a auto .
The Duke and Duchess of Sussex are now in Australia on the first leg of their first overseas tour as a married couple. Excited school children jumped up and down waving Australian flags as the royal couple stepped onto the tarmac.
The report claims that Barcelona ace Lionel Messi was also consulted about the decision to bring the Brazilian back. Senior Barcelona players have assured president Josep Maria Bartomeu they would be happy to welcome back Neymar .
The ministry said on Monday that 33 people were confirmed with Ebola virus just within last week and 24 of them died. In response to the challenges faced in this outbreak, the committee issued public health advice (see infographic).
All the remaining product had been removed as of Wednesday, when Kreutz was at the store dealing with a flooding issue. Now, more than 30 states have OK'd the medical use of marijuana , and nine have approved recreational use by adults.
Cleveland Cavaliers forward Larry Nance Jr . could miss Wednesday's season opener against the Toronto Raptors . Kevin Love led the team in scoring with an inefficient 21 points on five-of-18 shooting from the field.
Kristen Bell Questions Message 'Snow White' Sends to Kids
FROZEN STAR Kristen Bell has expressed concern at the underlying message of the Brothers Grimm's 1812 fairy tale Snow White . She is a beacon of compassion. "I'm like, 'Mom, you read this to me?' God bless the '80s, I don't know how we got through".
Kershaw's strong outing lifts Dodgers to 3-2 NLCS lead
Woodruff, the reliever who homered against Kershaw in Game 1, walked following Arcia's one-out single to begin the rally. The Dodgers have won three out of four games at home during the playoffs compared to a 2-2 record on the road.
Fed officials discussed hiking rates to 'restrictive' level
Under Powell, the Fed has been gradually raising rates as the economy has strengthened as a way to prevent a run-up in inflation. Trump followed up previous strong attacks on the Fed by complaining again that interest rates are rising too quickly.
Kanye West switches tongue in 'second home' Uganda
The benefits to Uganda could come in the form of "military training, arms, and development money" from the US. The meeting came just a few days after West met with U.S. president Donald Trump in the Oval Office.
NASA's Chandra Observatory back in action
Only the essential instruments it needs to survive are now working, but all of its scientific equipment are otherwise safe. The team has completed plans to switch gyroscopes and place the gyroscope that experienced the glitch in reserve.
Kandahar governor, police chief killed in insider attack
At least two US soldiers were reported wounded in the incident, but Miller was said to be unhurt, according to the officials. The Czech Defense Ministry said five of its soldiers were wounded in the blast, one of them seriously.
Afghanistans Zazai smashes six sixes in an over
Chris Gayle smashed 80 off 48 balls to help Balkh Legends achieve a mammoth total of 244 for six in 20 overs. The 20-year-old produced a whirlwind 12-ball half-century which included 7 sixes and four boundaries.