The longstanding top Ethereum project Maker (MKR) was one of the best preforming coins of the bear market. However, drama has since circled around Maker DAO (the Maker organization) and Dai (the stable coin attached to Maker).
Cosmos (ATOM) launched their network recently after a long wait and the project is finally getting listed on some major exchanges.
There has been a lot of news about Tether “losing” $850 million, and Tether’s responses. Here is an overview of the Tether investigation and a collection of official documents.
Tether (USDT) is 74% backed by USD and fiat equivalents as of April 30th according to a written statement by a Tether lawyer. Bitfinex is reportedly planning an IEO (perhaps to help raise funds).
According to Reuters, “Jaguar Land Rover, Britain’s largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.”
Bitfinex is firing back against the NY AG claims saying “The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions.”
According to the Wall Street Journal the New York Attorney General’s office is accusing Tether’s parent company of raiding reserves to cover up $850 million that went missing.
Altcoins are currently in a mode where they go down when BTC goes down and down when BTC goes up. That is never a fun part of the cycle for many traders and hodlers.
Altcoins are currently in a mode where they go down when BTC goes down and down when BTC goes up. That is never a fun part of the cycle for many traders and hodlers.
Bitcoin is about to form a Golden Cross as its 50 day Simple Moving Average is set to cross over its 200 day SMA. This pattern does not have to occur, but if it does it would be bullish.
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