https://youtu.be/Jy2Ys0DRm54

The bitcoin value was briefed on Monday evening, calling a special virtual currency system known as Tether as a major theft.

Tether's cryptocurrency, USDT, is the US dollar pegged. Ticker network #operators #announced a $ 30,950,010 of the tokens "deleted from the Tethor Treasury Pouch" and deleted from the "unauthorized bitcoin address".

Tether's team will block the address so that the tokens stolen in the U.S. are hacked Can not be converted into dollars. However, this service has been #criticized because there is no transparency in dealing with some of the cryptography community, and the disadvantages of disabling specific addresses.

According to #Bloomberg, the news reduced Bitcoin's value by 5.4%, the biggest fall in a week. Nevertheless, bitcoin recovered within hours, and at about 8,200 dollars north, EST at 5:30 am. Ethereum also took a short hit.

Tether is certainly not a big player in the cryptocurrency scene, such as bitcoin or ethereum. This is simply a proxy for national currencies such as the dollar, euro and yen for fixed balance between exchanges. It uses blockchain technology, but it argues against the bitcoin's volatility through its currency pegs.