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Opinion: Tether reserves to be tested during the market downturn [January 2018]
When both Bitcoin and altcoins are going down, it usually means cryptos are being traded for fiat currency. Right? Almost. There’s a curious cryptocurrency called Tether (USDT), which supposedly represents one coin for each US Dollar (USD) deposited in accounts in Asia. Right now Tether is one of the few currencies which gained value against […]
COTI: Fin Tech Company that is Building a Base Protocol
COTI, Currency Of The Internet, presents users with a scalable and user-friendly cryptocurrency by using an innovative base-layer protocol in the form of a directed acyclic graph-based ledger, built from transactions connected through time, by harnessing trust-based algorithms. Trust should be based on a combination of the network participant‘s historical behavior data and objective information […]
2017 Bitcoin and Altcoin Hacks [Part 9]
This article is part of our complete guide to Bitcoin and altcoin hacks. Here we cover Bitcoin and altcoin security incidents from the year 2017. BitGrail In late 2017, Italian cryptocurrency exchange BitGrail was hacked and 2.5 million NANO were stolen. Initially, the exchange reported the issue as a “maintenance”: XRB withdrawals will be enabled […]
Opinion: Tether is likely backed by Bitcoin U$ equivalents, not by cash US Dollars [June 2018]
A lot of the controversy surrounding the Tether cryptocurrency seems to focus on whether it is fully backed by US Dollar funds or not. Several relevant questions have been posed in this respect, such as why investors would keep U$ 2.5 billion (as of May 2018) in cash deposited as reserves for Tether, with little […]