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USDT stands for USDTether, a stable token issued by Tether. Tether has the meaning of connection and anchoring, so it can be understood literally that USDT is a token that anchors the US dollar. The idea of ​​USDT is very simple. Since the U.S. dollar is a Australian Bitcoin walletstable currency, Tether promises that every time a USDT is issued, a deposit of 1 U.S. dollar will be deposited in the bank account, and the USDT will be automatically destroyed when the user exchanges it back to the U.S. dollar.

The side effect of market changes-the additional issuance and release of stablecoins, seems to provide bullets for the subsequent price recovery and even higher of Bitcoin. As mentioned above, the stranded stablecoins on the exchange have reached a record high, and investors are waiting for the timing and signal to convert the stablecoins into Bitcoin.

In July 2018, the US cryptocurrency exchange Coinbase announced a new plan to support users to use digital currencies to make payments at more than 120 merchants such as Uber and Amazon. The specific method is that by purchasing WeGift electronic gift cards, platform users can deposit digital currency in the electronic gift cards, which can be used at more than 120 retailers such as Tesco, Uber, Amazon and John Lewis.

Of course, Tether is not the only arbitrageur. But withdrawing $600 million from Bitfinex in such a short period of time is still a bit unimaginable. Therefore, if Tether does this, it will buy USDT at a discount in the market and reclaim these tokens. This is normal market behavior. When a listed company believes that the market has underestimated the value of its shares, it will choose to buy back shares. And Tether's behavior is no different from stock repurchases.

The first situation is what everyone dreams of: everything is going well, the company or foundation is profitable, and the founders believe that their hard work will not only bring personal rewards, but also make full use of their allocated time and resources. . Even if the founders find that there is a good opportunity to sell, they will not sell the tokens because they believe that their continuous efforts will increase the value of the tokens. They may sell some tokens for hedging, but it does not mean that they give up the idea of ​​continuing to hold company tokens.

BitcoinDiamond (BCD) Bitcoin Diamond will fork at the Bitcoin block height of 495866, which will be carried out at the end of November 2017. It has a block size of 8M, supports Segwit, a total issuance of 100 million, 170 million are distributed as candy, and the remaining 40 million are generated by mining. BCD has replay protection and uses work verification algorithms to cAustralian Bitcoin walletreate blocks, which is better than BTC with transfers Privacy protection function.

@Stresstestbch explained: To clarify, we have not conducted stress tests on the BCH network in the past 24 hours. We simply tested the script that will be used for the BCH stress test at 12:00 UTC on September 1, 2018.

However, Swiss banks are divided on this issue. Some banks have successfully tried to provide cryptocurrency products, crypto asset management and transaction services. However, UBS and Credit Suisse, the two largest Swiss banks, are still skeptical of virtual currencies and warn customers of the volatility and fraud risks associated with their transactions. Despite this, these large banks are still experimenting with blockchain technology for more uses.