Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Bitfinex => Topic started by: Ozark on October 16, 2018, 03:24:33 PM
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USD-backed stablecoin Tether (USDT) fell below $0.90 on Bitfinex as concerns over its reserves forced traders to buy Bitcoin and other digital assets.
Data from Coinmarketcap shows a sudden fall in USDT $0.97642 +0.02%, countered by a 5 percent rise in the price of Bitcoin (BTC) $6602.77 -0.21%, coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday.
Bitfinex, whose CEO also leads Tether’s issuer, had paused deposits for what it described as “certain customer accounts” after it suffered “processing complications.” More here (http://Data from Coinmarketcap shows a sudden fall in USDT $0.97642 +0.02%, countered by a 5 percent rise in the price of Bitcoin (BTC) $6602.77 -0.21%, coinciding with news that exchange Bitfinex would resolve its ongoing fiat deposit freeze by Tuesday.
Bitfinex, whose CEO also leads Tether’s issuer, had paused deposits for what it described as “certain customer accounts” after it suffered “processing complications.”).