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The Tether (USDT) storm isn’t over yet. Investors from all over the world are expressing their dissatisfaction in Tether, the world’s most dominant stablecoin. According to Mike Novogratz, one of the key qualities of a stablecoin is absolute transparency. This is something Tether hasn’t offered investors. If Tether (USDT) wants to regain the trust of investors, it needs to reassure them of its credibility by becoming more transparent about its operations. Tether (USDT) Price Today – USDT / USD Name Price24H (%)$6,516.42 -0.43%$0.99 0.59% During an interview with Bloomberg on the 18th of October, Novogratz expressed his disappointment in Tether. In his opinion, other more transparent stablecoins are more favorable than Tether. He said that it is safer for investors to go for these coins that have known United States banking connections. In his words: “I don’t believe Tether is doing a good job with transparency. The concepts of other stablecoins make more sense to me”. This isn’t th..
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The CCO of BitPay says altcoins will “never come back,” calling Bitcoin “the leader in the space” to rebound in 2019. The CCO of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. The Chief Commercial Officer of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.” According to Singh, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019. “But next year you'll see the talk of the big entrants become real, where you’ll see Goldman does launch a trading desk, Fidelity does launch a Bitcoin product, Square offers Bitcoin processing for merchants, BlackRock launches an ETF... So all that will become real, and you’ll see some adoption actually. And then [...] the price [will bounce] bac..