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⚡ This Week in Crypto (April 23-30, 2019): 1. SIM Swapping--the latest form of digital identity theft--is sweeping the crypto community. The good news? Anyone who commits this fraud will eventually land themselves in jail for around 10 to 15 years. 👮 https://www.cheddur.com/story/CLZCGYZ... 2. The New York Attorney General has accused Bitfinex of using Tether (USDT)'s cash reserves to cover a rumored $850M "funding gap". (Bitfinex and Tether share the same owner, iFinex Inc.) While USDT has maintained its $1 peg thus-far, the question remains... just how stable IS it? 💣️ https://www.cheddur.com/story/KpvTXGt... 3. More than 10 million Paxos Standard Tokens (PAX) were minted in the first 18 hours following the New York Attorney General's bombshell allegations about rival stablecoin Tether (USDT) 🖨️. https://www.cheddur.com/story/ECjFv5m... 4. Binance Chain has officially ! As of April 23, all Ethereum (ETH)-based BNB tokens are redeemable (on a 1:1 basis) for "native" BNB coins on Binance Chain. 🔥 https://www.cheddur.com/story/7upN3Ca... 5. Samsung Electronics is reportedly developing an Ethereum (ETH)-based token and just invested $2.9M into Ledger, a popular cryptocurrency wallet manufacturer. 🍭 https://www.cheddur.com/story/kgopx7M... 6. Does John McAfee really know who Satoshi Nakamoto is, or is this just a publicity stunt? 🤷 https://www.cheddur.com/story/tfsoJS7... 7. Due to the crypto winter, Coinbase has been forced to close its Chicago office. Sirin Labs, the creators of the Finney blockchain phone, also cut its staff by 25% this week due to sales of its flagship product being “less than expected”. 🥶 https://www.cheddur.com/story/ECtdBLE... 9. Following Binance's delisting of Bitcoin SV (BSV) last week, a slew of additional crypto exchanges have followed suit, including Blockchain.com, ShapeShift, and Kraken. 😂 10. And according to Adamant Capital, Bitcoin (BTC) has officially entered an accumulation phase and is expected to trade between $3K - $6.5K USD until the next bull run "permanently cements the denarian cryptocurrency as a multi-trillion dollar asset class.” According to their report, the current price of BTC represents "an exceptional opportunity for value investors" and yep, I think they're spot on. 🎯 https://docsend.com/view/jwr8qwx Watch on YouTube: 👉 https://www.youtube.com/watch?v=hhjKDgpuT0M
This Week in Crypto: Bitfinex / Tether Insolvent?! SIM Swapping Scams, Binance Chain, Accumulate BTC
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This Week in Crypto: Bitfinex / Tether Insolvent?! SIM Swapping Scams, Binance Chain, Accumulate BTC
1. SIM Swapping--the latest form of digital identity theft--is sweeping the crypto community. The good news? Anyone who commits this fraud will eventu…
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