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Date | Open | Close | High | Low | Volume |
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# | Source | Pair | Volume | Price | Change | Updated |
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- Top 5 Essential Cryptocurrencies for Financial Growth in 2024Web3Wire - 51 minutes ago“`html Top 5 Essential Cryptocurrencies for Financial Growth in 2024 Introduction As we dive into…
- Pixotope Launches Revolutionary AI-Powered Graphics Integration Tool for Broadcast IndustryWeb3Wire - 1 hour agoOSLO, NORWAY / ACCESSWIRE / November 21, 2024 / Pixotope Technologies AS, a leader in…
- Discover AstraZeneca’s Journey Toward Decision-Centric Autonomous Planning at the Gartner Supply Chain Planning Summit in DenverWeb3Wire - 1 hour agoDENVER, CO / ACCESSWIRE / November 21, 2024 / OMP, a leading provider of supply…
- Modular Data Center Market The Shift Towards Scalable and Flexible IT Infrastructure Sector Trends and Market Size Analysis 2024 – 2031 | Active Power, DatapodWeb3Wire - 1 hour agoModular Data Center Market The global modular data center market size was valued at US$…
- Radiological Detection System Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2030 | Bruker, Mirion, Teledyne FLIR LLC, CNIM Group (Bertin Instruments), Detection Technologies Ltd.Web3Wire - 1 hour agoRadiological Detection System Market Global “Radiological Detection System Market” Research report is an in-depth study…
- Covo Finance: Revolutionary Crypto Leverage Trading PlatformBlock3Wire - 1 year agoCovo Finance is a decentralized exchange and liquidity pool revolutionizing the world of crypto leverage…
- WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital AgeBlock3Wire - 1 year agoWorldStrides, the global leader in educational travel and experiential learning announced today its partnership with…
- Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining FacilityBlock3Wire - 1 year agoCathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that…
- Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency UsersBlock3Wire - 1 year agoBanxa, the world’s first listed cryptocurrency payment gateway provider, today announced its integration with Metis,…
- Dexalot Launches First Hybrid DeFi Subnet on AvalancheBlock3Wire - 1 year agoDecentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in…
- Thumbtack Honored as a 2023 Transform Awards WinnerMeta3Wire - 1 year agoThumbtack was recognized as a 2023 Transform Awards winner for the Space Pioneer: Workspace Design…
- Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3DMeta3Wire - 1 year agoAccenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Looking Glass Factory,…
- MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface UpgradesMeta3Wire - 1 year agoMetatron (OTC: MRNJ), developer of Metatron AI.com an artificial intelligence (AI) content platform, is thrilled to…
- Purely.website – Disruptive new platform combats rising web hosting costsMeta3Wire - 1 year agoPipe Ten Hosting Ltd are proud to announce the launch of their new low cost…
- WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the MetaverseMeta3Wire - 1 year agoPioneering Korean blockchain gaming giant WEMADE today announced a strategic alliance by signing an MOU…
What is Tether?
Tether is a tocken issued by Tether Limited company which belongs to the Bitfinex trading platform. It was built on top of Omni Layer digital currency protocol, which works on the Bitcoin blockchain.
The main purpose of this token is to provide stability to traders and members of cryptocurrency market, because Tether is claimed to be backed by US dollars on Tether Ltd bank accounts, so its price is not as volatile as prices of other cryptocurrencies. However, that remains yet to be proven and is is the reason why the U.S. Commodity Futures Trading Commission issued subpoenas to both Tether and Bitfinex. Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses.
Nevertheless, tether is a very popular token and is used by a number of exchanges (mostly the crypto to crypto only ones) as their main stablecoin. The amount of Tethers grew up to $2.8 billion. During summer 2018 around 80% of Bitcoin volume was traded in Tethers.