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Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list. The Tether Treasury currently constitutes the entity with the single largest holdings, followed

The post Binance, Poloniex, Huobi All Own More Tether Than Bitfinex appeared first on Bitcoinist.com.

Huobi Unveils New ‘All-in-One’ Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great pleasure to announce the launch of HUSD, an all-in-one stablecoin solution. A market first, HUSD lets you deposit or withdraw

The post Huobi Unveils New ‘All-in-One’ Stablecoin for Stablecoins (Except Tether) appeared first on Bitcoinist.com.

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released a report on the hacker attacks against cryptocurrency exchanges in the last two years, indicating that $882 million have been

The post Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds appeared first on Bitcoinist.com.

Binance Burns More Than 1.6 Million BNB Coins But Price Drops

The world’s largest cryptocurrency exchange by volume Binance had completed its 5th scheduled token burn. The price has reacted negatively so far, however, despite the reduction in BNB supply. 1,643,986 Binance Coins (BNB) Destroyed In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per its whitepaper. Exactly 1,643,986 BNB were destroyed, which is the rough equivalent of $17 million. The move caught the attention

The post Binance Burns More Than 1.6 Million BNB Coins But Price Drops appeared first on Bitcoinist.com.

Coinbase Gets Backlash for Listing ‘Highly Experimental’ ZRX

coinbase ZRX 0x

Controversy is returning to Coinbase this week after the exchange rolled out support for “highly experimental” altcoin 0x (ZRX) across its product line October 16. Why ZRX? Having initially added ZRX trading to its Coinbase Pro platform last week, Coinbase lost little time in doing the same for its regular Coinbase.com and mobile apps. The previously low profile of 0x, together with the ownership ties between its partner Paradex and Coinbase, have already led to

The post Coinbase Gets Backlash for Listing ‘Highly Experimental’ ZRX appeared first on Bitcoinist.com.

Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents

Bitfinex Tether

USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.  Tether Drops 5 Percent While Major Assets Jump Data from Coinmarketcap shows a sudden fall in USDT , countered by a 5 percent rise in the price of Bitcoin (BTC) , coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday. Bitfinex, whose CEO also leads Tether’s

The post Bitfinex Vows to End Deposit Freeze as ‘Stablecoin’ Tether Falls Below 90 Cents appeared first on Bitcoinist.com.

3 Cryptocurrencies That Could Outperform Bitcoin in the Medium-Term (GO, ICX, ETH)

cryptocurrencies

ICOs were all the rage at the height of the 2017 crypto bull-run. However, with over 9 months in bear mode, most individuals have forgotten about them entirely. But with catalysts piling up in the short-term, cryptocurrencies that focused on ICOs could make a come back in Q4 of 2018 with GO and ICX leading the charge. Cryptocurrencies Market Situation There are literally catalysts piling up on top of catalysts from Yale’s investment in 2

The post 3 Cryptocurrencies That Could Outperform Bitcoin in the Medium-Term (GO, ICX, ETH) appeared first on Bitcoinist.com.

‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate

Elizabeth Warren

The US senator and potential presidential contender who suggested cryptocurrency “hurt” American families repeated concerns about the industry on October 11, saying it was “easy to steal.” Warren Argues For Consumer Protection ‘Balance’ In a Senate Banking Committee hearing, Elizabeth Warren voiced fresh worry over the current regulatory climate in Washington, implying balanced rules should come into force. At the same time, Warren poured scorn on ICOs, alleging “a lot of small investors” were being

The post ‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate appeared first on Bitcoinist.com.

YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion

YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion

As stigmas associated with cryptocurrency investing dissipate, YoBit decided to go rogue and launch a rather unique marketing promotion involving PutinCoin. Pump It Up! On October 11th, YoBit decided to debut a controversial pump promotion in an attempt to win over investors. While many thought it was a joke, the exchange actually had the gall to pull it off. Today, at random (though the exchange appears to be registered in Russia), PutinCoin (PUT) went ballistic

The post YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion appeared first on Bitcoinist.com.

Coinbase Pro Adds 0x (ZRX) Token Ahead of Mass Rollout

Coinbase Pro

US cryptocurrency exchange and wallet provider Coinbase confirmed it would open trading for decentralized Ethereum token trading platform 0x’s native ZRX token on Coinbase Pro. Coinbase Opens ZRX Deposits In a blog post and tweet, officials revealed ZRX would fast go live on the Coinbase Pro professional trader platform, with Coinbase.com and apps to follow later. As of now, Coinbase Pro users are able to deposit ZRX, with trading set to commence once “sufficient liquidity”

The post Coinbase Pro Adds 0x (ZRX) Token Ahead of Mass Rollout appeared first on Bitcoinist.com.

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