#dollars

Unit of Denomination Affects Crypto Correlation, Says Binance

March 22, 2019 by Tokoni Uti at Altcoins, Bitcoin, Finance, News

It turns out that correlation rates tend to be higher between the major cryptos when their returns are denominated in US dollars rather than bitcoin, a March 20, 2019 report from Binance shows. Correlation and Causation At this point in the industry, it is clear that there is a correlation...

Proving the Worth of Tether: A Controversial Narrative

Tether (USDT) Might Really Be Backing its Billions

December 20, 2018 by Alex Lielacher at Altcoins, Blockchain, Business, News, Platform, Tech

A report by Bloomberg is shedding light on Tether’s finances and suggests that Tether may be fully-backed by US dollars in a bank account. The financial news publication was able to gain access to documents that appear to show that Tether has sufficient fiat currency to underwrite its dollar-backed cryptocurrency....