On Wednesday, Abra said its app will use the Bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and exchange-traded funds (ETFs). Abra already offers the ability to “invest” in 50 fiat currencies and over 30 cryptocurrencies. This app is also very bad and we really love talking about it.
Billion-dollar cryptocurrency hacks get a lot of publicity, but customers of one Canadian exchange are finding out the hard way that there’s such a thing as too much security.
Dear Santa, This is a letter in regards to two letters you received in 2014 and 2015 when I asked you for bitcoin. In 2014, I got 4 BTC in my decentralized stocking (thanks!) for $419 each. By 2015, they had risen to “just” $890. Last year they went to $20,000 each. Thanks, Santa! They’re back down to about $3,900 as of the end of December 2018, but you won’t hear me complaining. Since you’ve effectively 50x’ed crypto in the time you’ve been involved, I’d like to ask you for several special other things that don’t depend on the markets in 2019. I’ve been a very good boy. I have…
Tuesday’s big story that the Department of Justice is probing Tether in Bitcoin price manipulation shouldn’t be a shock to one group of people—Modern Consensus readers. “While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled web involving Bitcoin, Tether and crypto exchange Bitfinex might have been used to illegally move prices, said three people familiar with the matter,” wrote Bloomberg’s Matt Robinson and Tom Schoenberg. However, we connected the dots months ago when news of a DoJ investigation began surfacing. Modern Consensus began publishing at the start of the year, while crypto prices were stratospheric. Still, back in…
