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.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
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.
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.
Coinbase Introduces the Coinbase Card
Coinbase Card is like a credit card that lets you spend crypto. More specifically, it is a Visa debit card, funded by your Coinbase balance. Right now Coinbase Card is limited to UK customers.
Binance Will Delist Bitcoin Satoshi’s Vision (BSV)
Binance will delist Bitcoin Satoshi’s Vision (BSV). BSV is a fork of Bitcoin Cash (BCH) that came about due to an argument between Bitcoin Cash (BCH) camps.