Tether Used Reserves to Buy Bitcoin not a complete surprise comments Matt Branton, CTO of Neutral

Tether has admitted to using asset reserves to invest in Bitcoin, meaning that it has not consistently maintained its 1:1 USD peg, strongly misleading its investors. This latest revelation to emerge in Bitfinex’s battle with the New York Attorney General’s office adds to the growing uncertainty, instability, and lack of transparency increasingly associated with Tether.   Matt Branton, CTO of Neutral and architect of Neutral Dollar, a next-generation stablecoin pegged to a basket of four live stablecoins for increased stability, liquidity, and transparency, has weighed in on the matter.  …

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What is Tether?

  Tether is a cryptocurrency developed as a proxy for the US Dollar i.e. the value of Tether is designed to be one dollar and can thus be used as a digital dollar. Some of the popular cryptocurrency exchanges use Tether as a dollar replacement on their trading platforms.     According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses…

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Tether and Bitcoin price inflation linked to possible manipulation

Following the University of Texas report published yesterday on the possibility of Tether and Bitcoin’s manipulated price inflation through Hong Kong-based exchange, Bitfinex, Director of Research at CoinDesk, Nolan Bauerle responded.      “Bitcoin is a super volatile asset driven by a global retail investment crowd. Everyone who watches this crowd knows they use Tether to take a ‘dollar’ position when bitcoin dips. They reenter the bitcoin market when they feel the price is at a floor with the goal to have more bitcoin than at the start of the…

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2017 Blockchain and Cryptocurrency Hacks, Scams and Attacks

As the total cryptocurrency value continues to rise, so do the hacks, scams, and attacks in our new digital economy.   From false ICO’s, wallet hacks and deliberate scams, approximately $490 million was taken from the unsuspecting. CoinDesk examines the seven biggest cybercrimes involving the blockchain and cryptocurrency.  Watch this short video to learn more.       Read the full article – Click Here  How to hack Bitcoin Is Bitcoin a pyramid scheme or Ponzi? Get your copy of What is Bitcoin This e-book on Amazon explains what Bitcoin…

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