Tether Investigation Overview and a Collection of Official Documents
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 Releases % Backing in USD and Bitfinex Reportedly Planning IEO
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).
Jaguar Land Rover to Allow Drivers to Earn IOTA
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 Responds to New York Attorney General’s Actions Refuting Their Claims
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.”
Bitfinex and New York AG Drama FUD News Stuff
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.
Alts are in the Mode Where they Go Down when BTC Goes Down and Down When BTC Goes Up 😒
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.
Alts are in the Mode Where they Go Down when BTC Goes Down and Down When BTC Goes Up ?
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 Soon to Form a Golden Cross
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.
Last Minute Tax Tips for Crypto
Here are some last minute tax tips for crypto traders and investors in the United States.
BSV FUD Incoming
BTC dropped pretty quick alongside the market today. If I had to guess at the “why,” I would go with BSV FUD.