Tag Archives: Refutes

Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

It had been reported that Ethereum has to make the transition to a proof-of-stake system and was to invest $15 million in the development of Verifiable Delay Functions (VDFs) which would aid this transition. However, Justin Drake, a member of the research team for Ethereum, has clarified that these rumors are false. While Ethereum will be switching to a PoS system, they have no intentions to spend $15 million. Continue reading Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

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