CryptoBridge Decentralize Exchange to Close

Exchange closes due to “market conditions, increasing regulation, inability to fund further development and maintain operations”
02 December 2019   131

Decentralized cryptocurrency exchange CryptoBridge announced the termination of work. Users have two weeks to withdraw funds.

In a statement, the platform noted that the reasons for this decision were “market conditions, increasing regulation, inability to fund further development and maintain operations”.

CryptoBridge will stop accepting deposits from December 4, and assets must be withdrawn before midnight on December 15.

The platform recalled that withdrawal operations require user verification in accordance with EU rules. Verification may take several days.

In October, CryptoBridge introduced verification without warning, causing customer dissatisfaction.

The exchange will also close all accounts in social networks, including Discord, after which communication will be possible only through the wallet support system.

Tether to Add a Half Of Billion Dollars

Acc. to data on the Tether website, the most of the USDT were issued on the ETH chain - $2.22B, another $28M is being prepared for release
11 December 2019   93

According to analysts at Trustnodes, Tether's stablecoin market supply (USDT) recently increased by half a billion dollars and now stands at almost $ 4.7 billion.

According to data on the Tether website, the most USDT stablecoins were issued on the Ethereum blockchain - $ 2.22 billion, another $ 28 million is being prepared for release.


Tether Stablecoins Tables

The stablecoins on the Omni protocol are slightly less - $ 1.75 billion. However, it is interesting that the volume of USDT on the basis of Tron is already approaching $ 1 billion. For comparison, in September the cost of stablecoins on the Tron blockchain was only $ 100 million, on Ethereum - $ 2 billion, and Omni - $ 2.5 billion

EOS-based tokenized dollar is much less popular - $ 5.2 million. Also, insignificant volume of stablecoin based on the euro is about 40 million coins, and the total value of Tether coins based on the renminbi is ¥ 23,533,468 (~ $ 3.3 million).

It is noteworthy that according to the CoinMarketCap service, since September Tether's capitalization has not changed and amounts to only $ 4.12 billion (and not $ 4.67 billion, as indicated on the company's website):

Tether Charts at Coinmarketcap
Tether Charts at Coinmarketcap

This may mean that approximately half a billion USDT have been released to the market in the past few days. 

Whale Alert @twitter
Whale Alert @twitter

As you can see, according to WhaleAlert, literally today, 200 million USDT went to the Binance exchange.