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    Africa,  Alt coins,  Bitcoin,  Ethereum,  Litecoin,  Media,  Tether

    Must-reads for August 30, 2018: Ethereum’s Lubin talks Tether, EU considers regulations, and more

    Here are the crypto stories you should be watching today

    Ethereum cofounder defends Tether against manipulation accusations (Yahoo Finance) Tether is often accused of being printed without assets to back and then used as a tool to manipulate bitcoin price. Joe Lubin, who now runs Brooklyn-based Consensys, isn’t a Tether skeptic. “Based on our analysis, which involves just talking to a bunch of people in the space, we do believe that tethers are backed 1 to 1 by U.S. dollars in bank accounts. But it’s still not 100 percent solid in terms of a story from my perspective. I expect may other price-stable tokens will arise and take it place. MakerDAO’s dai is doing incredibly well. It’s a mechanism that…