Have you heard of “The Halving?” Many—if not most—retail traders and investors may not have heard of it. Those that have probably don’t care all that much about it. For that reason, all those HODLers who take up a lot of space on Reddit and Twitter give themselves a pat on the back.
On Tuesday, NYU Professor and prominent cryptocurrency critic Nouriel Roubini penned a column titled “The Great Crypto Heist,” in which he savaged a frequent target, cryptocurrency derivatives platform BitMEX, as both corrupt and crooked.
Data provider CoinMarketCap is launching a pair of cryptocurrency benchmark indices on NASDAQ, Bloomberg, and several other market information services, it announced Wednesday in a blog post.
Tether advocates rejoiced on Tuesday after a story by Bloomberg’s Matt Leising seemed to reassure readers that the stablecoin had enough dollars to back each token. “Bank statements reviewed by Bloomberg News suggest those fears may be unfounded,” Leising wrote. The story’s big contribution to the Tether debate was only that Bloomberg saw four separate months’ worth of Tether’s balances and each exceeded the amount of circulating tokens. Yet Tether’s bank balances should be expected to be positive at month’s end. As written in the often-cited study by John Griffin and Amin Shams of the University of Texas on alleged manipulation of Bitcoin prices using tethers: “the strong negative effect on…