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Despite Tether’s grand volume on Ethereum blockchain, ETH records higher transactions
Tether’s migration from Bitcoin’s OMNI to Ethereum drives ETH’s daily transaction fees to the top
6/ Despite its reputation, USDT (aka tether) is huge and cannot be ignored. In their recent post @santimentfeed laid out data which shows that 40% of all USDT transactions are on the Ethereum blockchain https://insights.santiment.net/read/erc-20-tether-now-accounts-for-40%25-of-all-erc-20-transfers-640 …, not the Omni blockchain where Tether was created.
Tether has just burned 400m Tether USDt from its Omni authorized but not issued pool. tx: 49448e97bfc1ac4f3136035e76eb5dc1f5c1362aef7cf90546d39f406347ce09
Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them.
Tether Mints 300M USDT in Chain Swap, Corresponding Burn Still Awaits
Tether Sends Another $300 Million to Ethereum Through Binance
In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process.
Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?
Report: Around 300 Addresses Contain 80% of Tether Supply
Bittrex Crypto Exchange Transitions to ERC-20 Implementation of Tether
Tether is moving 275m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them, tx: 8d03ecdaab51bd0a4d4cc78920f1d512f1f559e2095ab72aa271915d8f5dc571
Update: We are swapping our implementation of Tether from the Omni network to the Ethereum network, resulting in movement of funds from our USDT wallet. There is no need to be worried.
The US CFTC & The Wait For Bitcoin Futures
LedgerX launches DCM on Omni after premature announcement of launching first physically-settled bitcoin futures contract
LedgerX Launches Physical Bitcoin Futures Before Bakkt
Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market
Crypto Milestone: Anyone in the US Can Now Buy the First Physical Bitcoin Futures – From LedgerX, Not Bakkt
Tether’s Trouble With New York Attorney General — Will Crypto Cope?
OMNI STATE OF THE LAYER, JULY 16 2019 http://cream.technology/technology/83-updates/2653-omni-state-of-the-layer-july-16-2019 … @creamcoin #OMNI #blockchain #cryptocurrency #feathercoin #update CREAMcoin PRESSpic.twitter.com/PfymFr0FrP
Tether Issued Then Burned $5 Billion USDT
Omni(OMNI)NewsLogin to watch
$1.44-3.80571%
Market: $807.1k
Omni (OMNI) is currently the #964 cryptocurrency by market cap at $807.1k USD. Trading volume for Omni over the last 24 hours is $283.3 USD. There have been 5 news stories on Omni over the last 7 days. The most common news source covering Omni is Cointelegraph and the most common news category is Project Announcements.
