Story – Tether Official Update https://tether.to/update-on-security-incident/
They make it clear that no Tether customers misplaced any cash right here. The $30m that was stolen was taken from the corporate treasury after somebody hacked into the recent pockets.
They say right here that they’re assured they’ve discovered the outlet of their system that was used to steal the cash and are upgrading their techniques now.
With regards to their solvency they are saying one other audit is underway by Friedman LLP and whereas it’s taking longer than they’d like, this accounting agency has issued an interim report exhibiting Tether has sufficient cash to again the Tethers they’ve issued.
Overall this auditing course of is much too sluggish as a result of it means Tether could possibly be bancrupt for any three months between audits and nobody would know. I’m unsure what the answer is there.
With regards to who they financial institution with, they are saying they can’t reveal this with a view to defend their clients. It is true that when some US banks discover out your account is coping with Bitcoin, they go as far as to shut your account.
Let’s say we consider every part they are saying. I’m going to agree with what that fellow from the Crypto Investor YouTube channel has mentioned.
The US authorities is simply not going to tolerate a personal firm utilizing its personal greenback backed forex with out their permission. We noticed what occurred to Bernard Von Nothaus and his Liberty Dollar.
Story – A Quick Bit Of Good News For Bitcoin Mining Decentralisation bitcoin.com/the-curious-case-of-the-new-dragonmint-bitcoin-miner/” goal=”_blank”>https://news.bitcoin.com/the-curious-case-of-the-new-dragonmint-bitcoin-miner/ In March 2018 a brand new producer of Bitcoin mining {hardware} is because of launch the Dragonmint 16T which claims to carry out 30% higher than it’s rivals.
The cause that is excellent news is as a result of many individuals in the neighborhood complain about how a lot energy Bitmain has because of the dimension of their market share in Bitcoin mining {hardware}.
As ever, the extra competitors there’s the higher.
Story – Bitstamp Considering Support For Bitcoin Cash bitcoin-cash-december/” goal=”_blank”>https://btcmanager.com/bitstamp-announces-support-bitcoin-cash-december/
This is almost certainly why the value of Bitcoin Cash obtained pumped yesterday.
Bitstamp was the primary Bitcoin trade to be legally recognised and therefore licenced inside the European Union.
The BTC Manager.com headline says by December however then nowhere within the article does the phrase December seem once more.
All we’ve is a little bit of a quote from the Bitstamp CEO
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Whenever a coin will get listed on a brand new trade it typically will get pumped as a result of a brand new batch of capital is ready to movement into it.
I additionally noticed this Tweet from Jeffrey Tucker, which I’d be considering getting everybody’s view on.
So let me know your view on that within the feedback beneath.
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