• Fake Tethers under fake bitcoins.
    Bitcoin,  Tether,  United States

    Tether’s bank said to be ‘desperate’ for cash

    Noble may be looking for funding while Tether traders unsuccessfully try to unload large amounts of the coin

    A Puerto Rico-based startup bank is said to be struggling to survive and that could have repercussions in the cryptocurrency markets. Noble Bank is trying to keep afloat and has been frantically searching for funding, according to two highly placed sources, including one at a large cryptocurrency exchange. The bank, with a large chunk of assets coming from Tether’s U.S. dollars, is said to have reached out to at least one large holder of the “stablecoin” in hopes of getting a cash lifeline, but the solicitation was rejected. The source would not elaborate on the size of the request. “If Noble doesn’t get cash soon, they will only have a…

  • newspaper
    Alt coins,  Asia & Australia,  Bitcoin,  Cryptocurrencies,  Innovators,  Media

    Must-reads for September 28, 2018: Walmart forces blockchain on farms, big Indian exchange shuts down, and crypto stuff to do in Scotland

    Here are the crypto stories you should be watching today

    Walmart, Sam’s Club tell suppliers to get on blockchain network (Computerworld) Walmart has told suppliers of leafy green vegetables that they better tracking their produce on the blockchain in the next 12 months or else. The goal is to enhance food safety and find the sources of E coli when they happen. It would also mean that Walmart would be able to isolate problems and not have deal with the expenses of mass recalls. Besides, Walmart loves it when suppliers outsource thing to China.   Major Indian Bitcoin Exchange Zebpay Shuts Down Due to Banking Freeze (CCN) Zebpay, one of India’s biggest crypto exchanges, is calling it quits. That means…

  • typewriter
    Alt coins,  Bitcoin,  Ethereum,  Media,  United States

    Must-reads for September 27, 2018: Fake volume, low volume, and other bad choices

    Here are the crypto stories you should be watching today

    Crypto’s Open Secret: Its Multibillion-Dollar Volume Is Suspect (Bloomberg via Yahoo Finance) Nearly two months ago, we wrote about BitForex, the Singapore-based exchange with suspicious trade volumes and a horrible logo. Bloomberg has finally caught up to Modern Consensus and they have some more details about it. Why would BitForex do it? “Transaction mining, also known as trade mining, is a controversial practice. On BitForex, users earn the equivalent of $1.20 in digital tokens issued by the exchange for every $1 they pay in transaction fees. It’s a system that critics say is tailor-made to encourage wash trading — in which a trader, or a team of traders, buy and…

  • newspapers
    Bitcoin,  Cryptocurrencies,  Ethereum,  Media,  Ripple,  Tether,  United States

    Must-reads for September 26, 2018: Bitmain’s IPO filings, Dimon does blockchain, and other fun reads

    Here are the crypto stories you should be watching today

    The World’s Biggest Crypto Company Just Opened the Books for Its IPO (Bloomberg) If the word “Bitmain” isn’t aready synonymous in your head with “Bitcoin,” it’s time that it is. The China-based company makes the bulk of the ASIC mining machines that mine Bitcoin and other cryptocurrencies. And mining groups controlled by Bitmain oftentimes control more than half of all of Bitcoin’s network hashrate. It turns out mining all that crypto is equivalent to mining fiat. Bitmain, which on Wednesday filed to go public in Hong Kong, had a $742.7 million profit on $2.8 billion in revenue in the first half of 2018. Its return on equity is close to…