A Tether Market Exit on the Horizon?
2018年11月2日 - 2:05AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
November 01, 2018 -- ADVFN Crypto NewsWire -- 2018 has truly been
the year of the Stablecoin. Just do a quick Google search and you
will see for yourself what the sheer volume of news is as of now,
on the subject. Tether is one project that encompasses a large part
of that volume, though not usually for positive reasons. This
week’s news on the plagued Stablecoin has been no
exception.
What was supposed to be a Stablecoin by definition, meaning that it
would consistently stick around at a $1.00 value, actually went one
cent over on Monday. While at first, this may seem like an
insignificant jump with Bitcoin moving in the thousands sometimes
daily in the past, again, it is important to remember what
Stablecoins are.
They are not supposed to move. They are supposed to have even pegs
to even more reliable currencies. With Tether, that does not seem
to be a future that lies ahead, especially given the project’s
reaction to its price volatility being eliminating 500 million of
its coins last week.
What is perhaps even more telling is the ongoing relationship
between the Crypto exchange, Bitfinex and the Tether project, which
no one seems to be able to definitively define. The latest update
in their saga includes Bitfinex’s communications director basically
suggesting that no other market for Tether matters other than what
Bitfinex provides. Is there, then, collusion between these two
projects as industry insiders like Bitfinex’ed have
suggested?
Even though it has not been completely proven, with statements like
those mentioned above, the possibility is starting to seem more and
more likely to be true. If Tether exits from other markets and
sticks with Bitfinex, we can almost rest assured that it is. In the
end, all of this is a good lesson on why Crypto projects should be
researched as carefully, if not more carefully than stocks before
you invest any of your hard earned capital into them.
By: BGN Editorial Staff
Tether USD (COIN:USDTEUR)
過去 株価チャート
から 4 2024 まで 5 2024
Tether USD (COIN:USDTEUR)
過去 株価チャート
から 5 2023 まで 5 2024
Real-Time news about Tether USD (Cryptocurrency): 0 recent articles
その他のTetherUSニュース記事