Another blockchain cyber attack: HTX and Heco Bridge in trouble LeapRate

November 23, 2023 BY Elizabeth Anderson

Another blockchain cyber attack: HTX and Heco Bridge in trouble

Despite initially appearing as separate, coincidental attacks, both incidents were allegedly performed by the same party due to the similarity in exploitative techniques and the connection between both targets. In response to the security breach, HTX exchange has taken precautionary measures by temporarily suspending withdrawals from its platform. _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news,…

October 08, 2019 BY Valentina Kirilova

Daily Market News: Earnings season coming

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 8, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Once again, the stable coin known as Tether is under heavy fire and as this drama plays…

August 26, 2019 BY Valentina Kirilova

Tether to offer offshore Chinese Yuan stablecoin – Is there a market need?

As a stablecoin, Tether has clout in the market, as it should since it is by far the largest version of this “special use” type of token. The “USDT” reportedly has reserves to the tune of $3.5 to $4 billion, many multiples higher than its closest competitor. Skeptics have accused its management team of cavalierly…

August 12, 2019 BY Valentina Kirilova

Whale concentrations in BTC and Tether raising manipulation concerns

These are anxious times in Bitcoin world. BTC keeps pounding upon upper resistance, occasionally pushing through to new heights, but lately it just seems to lose energy once it crosses the $12,000 threshold. Profit taking is one thing. Consolidating a position is another, but this latest round of bouts with sluggishness is worrisome to even…

July 29, 2019 BY Valentina Kirilova

Daily Market News: Central Bank week

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 29, 2019. The text below is an excerpt and does not contain the full analysis. The stable coin known as Tether has been under investigation for quite some time and now they will have…

June 28, 2019 BY Valentina Kirilova

Daily Market News: Untethered Angel

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 28, 2019. The text below is an excerpt and does not contain the full analysis. A bit of volatility comes back into the crypto market and everything goes haywire again. The market that was…

May 24, 2019 BY Mariela Naydenova

Bitfinex and Tether seek dismissal, but admit to non-cash reserve gambits

Management for Bitfinex and Tether had their day in court, which may have resulted in more disclosures than its executives may have wanted. While the beleaguered crypto exchange and stablecoin manager was alleged to have mishandled cash reserves for Tether’s “USDT” stablecoin, the revelations in the courtroom confirmed what had been rumored for months. Executives…

May 03, 2019 BY Valentina Kirilova

Bitcoin outperformed in April – Analysts cautiously optimistic about future

April is now in the history books, and Bitcoin, to the amazement of its stunned critics, has outperformed once more, delivering positive gains for a third month in a row. These gains are even more remarkable when you factor in that a major scandal broke at the end of the month, regarding reserve funds at…

May 01, 2019 BY Valentina Kirilova

Bitfinex executives fire back at NY AJ, but FUD causes run on deposits

Fear, uncertainty, and doubt, or “FUD” in crypto parlance, are powerful emotions that can cause a run on a bank, or, in the case of the beleaguered crypto exchange, Bitfinex, a run on exchange deposits. The weekend has passed since last Thursday evening’s shockwave that iFinex, Bitfinex, and Tether might have been engaged in an…

April 29, 2019 BY Valentina Kirilova

Crypto investors abandoning altcoins in favor of Bitcoin – Why is that?

Despite the nascent nature of cryptocurrrencies, veteran traders, if there is such a thing at this stage, have noticed certain patterns that pervade the space that offer several opportunities for gain, if you are able to follow the unique ebbs and flows of this arena to your advantage. For example, when times are tough, traders…

Tag: TETHER