Category Archives: Blockchain

Tether Exec Refutes Bloomberg, Reassures Investors Crypto Isn’t Manipulated

Leonardo Real, the chief compliance officer of Tether LLC, believes an organized campaign established by many publications is targeting crypto token Tether (USDT) and its partner banks. In an interview with Cryptonews, the Tether executive reaffirmed that its stablecoin known as USDT is fully backed by the US dollar, citing the attestation reports released by Friedman LLP and Freeh Sporkin & Sullivan, two US-based accounting firms based in New York and Washington. Continue reading Tether Exec Refutes Bloomberg, Reassures Investors Crypto Isn’t Manipulated

Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

To some observers, the video and images demonstrated that crypto miners — even those located in China, where low energy rates provide greater profit margins — were beginning to feel the pinch from bitcoin’s prolonged bear market. If miners were dumping ASICs on the street, it not only meant that the bitcoin price had reached their “shutdown-mark,” the point at which miners can no longer turn a profit running the machines, but also that they didn’t think these devices would ever be profitable again. Continue reading Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

Bitcoin Price Will Likely Bottom at $3,000

Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors liquidating their holdings will continue to drive the price downward. Continue reading Bitcoin Price Will Likely Bottom at $3,000

Tezos Korea Foundation Joins Forces with Yonsei University to Promote Blockchain

The South Korean arm of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University for the development of unique talents and expertise in blockchain technology, according to a press release published by Tezos. Continue reading Tezos Korea Foundation Joins Forces with Yonsei University to Promote Blockchain