It’s one of the worst kept secrets in crypto: The recent rally in Bitcoin came from a massive issuance of tethers.
A surge of young people has taken a headfirst dive into cryptocurrency. High school day traders have made hundred percent multiples on cash earned from summer jobs. College freshmen have exchanged doctoral dreams for computer science. Students have dropped out of school altogether. Some have embraced cryptocurrencies out of curiosity, others out of conviction, but all are banking that Bitcoin is the technology of the future. It’s early 1990s dot-com boom deja-vu.
On May 16, New York State Supreme Court Judge Joel Cohen modified an injunction granted to James that froze the ability of stablecoin issuer Tether from loaning any more money to its sister company, cryptocurrency exchange Bitfinex. But, Tether’s ability to loan Bitfinex any more money also remains frozen, and all the judge did in limiting the order to 90 days is make the Attorney General’s office reapply for the injunction once a quarter if they want to keep investigating.
DLive saw its audience grow by 67% and the number of content creators using the DApp to reach an audience double in April, the same month it announced the controversial Swedish YouTube star chose it for his livestream broadcasts.