• Commentary

    Crypto and Super Bowl LVI

    Several companies are spending millions on Super Bowl advertising, but is that a good thing?

    Learn for yourself Jimmy Butler, a popular Miami NBA player, recently went to Twitter with a video aimed at the audience of Super Bowl 56. “On February the 13th, some of the biggest names are going to be telling you to get into crypto.” He goes on to say “trust yourself” and “do your own research”. However, this video is in partnership with Binance. The message Butler is sending across rings true, you should do your own research. It still needs to be noted though that he is getting paid for this and it is still an ad, not something he’s doing purely out of the good of his heart.…

  • Media,  Tether

    CoinDesk ME Lewitinn May Be Eligible for $1M Reward on Tether Transparency

    Short researcher Hindenburg offered bounty to anyone who uncovers info

    Anyone interested in great business journalism, or short-selling in general, must read Andrew Rice’s profile of short seller Nathan Anderson, the founder of Hindenburg research. But here at Modern Consensus, we read it and thought of its relevance to one reader in particular. Press play to hear a narrated version of this story, presented by AudioHopper. Last week I wrote about how CoinDesk has been on a jihad to shed some transparency on exactly how the stablecoin Tether funds its gigantic reserves. The company claims that those reserves are backed dollar for dollar with actual, real-world dollar and dollar equivalent investing instruments. But Tether, the world’s third-largest cryptocurrency, has a…

  • Technology

    What is Web3?

    Web3 removes power from media conglomerates and gives it to the individual users

    Imagine all your online accounts are linked through one wallet. You aren’t constantly resetting your passwords, you can connect to any website with the click of a button, and make payments that way as well. A decentralized Internet, one where content creators get compensated for their work directly instead of through a third party company that pays them a fraction of the profit they deserve. Social media websites can’t take down your posts. Your digital identity becomes more important than ever with the integration of Metaverse technology. This is the essence of Web3, which comes one step closer to becoming reality everyday. Today’s Internet is outdated There is an illusion…

  • Are tether tokens really backed by dollars? (via Shutterstock)
    Media,  Tether,  Uncategorized

    CoinDesk on the Verge of Victory in Fight to FOIL Tether Records

    Stablecoin has resisted sharing details of its reserves with publication it deems ‘unprofessional’

    One of the biggest mysteries in crypto revolves around token issuer Tether. Crypto enthusiasts—and crypto journalists— have long tried to figure out exactly what hard assets comprise the massive reserves that tether, as a “stablecoin,” is required to keep its dollar for dollar ratio in backing bitcoin with American dollars. The question is not academic. Tether has more than $78 billion worth of tokens in circulation and is by far the largest stablecoin issuer, accounting for about half of all transactions against bitcoin on centralized exchanges. Press play to hear a narrated version of this story, presented by AudioHopper. If the market began to question the stability of those dollar…