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Crypto Exchange Bybit Launches Unified Trading Account

Leading cryptocurrency exchange Bybit announced the launch of its Unified Trading Account, allowing investors to trade across multiple markets from one account.

 Hassan Maishera

Celer Network’s cBridge is now listed on Hippo Labs

The Celer Network announced via Twitter on Monday that its cBridge is now listed on Hippo Labs, the aggregation layer of the Aptos Network.

 Hassan Maishera

Phemex is Giving Away LOOT

Phemex has recently launched LOOT spot trading on its platform, and is currently giving some away, according to an announcement published on its website.

 Hassan Maishera

Trade

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Binance

4.09 based on 2280 votes

Kraken

3.99 based on 526 votes

KuCoin

3.89 based on 1068 votes

Spend

Want to leave your cash at home? These cards support Tether.

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CoinPayCard

4.44 based on 27 votes

TRASTRA Card

4.22 based on 743 votes

Embily Card

4.06 based on 111 votes

Shop

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BC.Game

5 based on 3 votes

Cloudzy

5 based on 1 votes

VPS2DAY.com

4.67 based on 9 votes

Hodl

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YouHodler

4.03 based on 33 votes

Ledger Nano S

3.76 based on 184 votes

Ledger Nano X

3.74 based on 39 votes

Review

Learn more about Tether.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Tether consists of three chapters: origin & background, technology and pros & cons.

USDT is a stablecoin, created by the CEO of Bitfinex, JL Van der Velde, amongst others. When USDT came out in 2014, it’s first name was RealCoin. With background of the founding team, Bitfinex was subsequently the first exchange to release Tether on it’s trading platform. Tether has gained wide adoption and almost all large exchanges support it.

USDT figurates on the Bitcoin blockchain through the Omni Layer Protocol. Like Bitcoin, USDT can be transacted, used and stored but on the Omni Layer so preferably on the OmniWallet. USDT and the other Tether currencies that they support, are created to serve as an option to Bitcoin when inter-trading with national currencies and cryptocurrencies.

The Tether company claims that each USDT released are backed by $1 USD in the company’s bank account. Because of poor insight and such large trading volume, the U.S Commodity Futures Trading Commission issued subpoenas and sent them to the company on 6th December, 2017.  As a result of this the company releases bank account balances on their own Transparency Page to prove that the corresponding amount of USD is equivalent or more than the cryptocurrency. Once the company publishes a new statement, independent auditors will verify and sign the documents to prove its authenticity.

There has been a lot of controversy surrounding the USDT. Since USDT is also on the Ethereum blockchain, many users have pointed out instances of the Tether company releasing massive amounts of USDT in short periods of time. Some considered USDT to be the ticking time bomb that will cause the next major crash in crypto, including famous economist Nouriel Roubini.