News about Bitcoin

by COINS NEWS - 2 years ago

Has Tether exhausted all of its cash on hand and is now forced to sell raw Bitcoin (its ‘cash equivalents’) for every redemption? Sounds like a wild accusation, but today’s $500 million Tether redemption perfectly lined up with that gigantic market dump o

We have known for a while that Tether isn’t 100% backed by cash, but I think crypto faithful wanted them to be at least somewhat legit. Because, cmon - they weren’t really just printing tethers out of nowhere and buying raw bitcoin with them… were th...

by COINS NEWS - 2 years ago

Has Tether exhausted all of its cash on hand and is now forced to sell raw Bitcoin (its ‘cash equivalents’) for every redemption? Sounds like a wild accusation, but today’s $500 million Tether redemption perfectly lined up with that gigantic market dump o

We have known for a while that Tether isn’t 100% backed by cash, but I think crypto faithful wanted them to be at least somewhat legit. Because, cmon - they weren’t really just printing tethers out of nowhere and buying raw bitcoin with them… were th...