Blockchain and Cryptocurrency: People, Culture and Tech
The feud-prone founder of cryptocurrency media site The Block has backed down from allegations that one of the largest news portals in the industry is guilty of “pay-to-play” journalism. In a Dec. 4 Twitter post, Mike Dudas called a newly announced partnership between Cointelegraph and a client “shady as hell.”
Walmart China announced on June 25 that it has partnered with a local trade association, a beef producer, consulting firm PricewaterhouseCoopers (PwC), and blockchain firm VeChain to create the Walmart China Blockchain Traceability Platform.
On Tuesday morning, the circulating supply of Tether’s token dropped to roughly 2.7 billion from 2.8 billion. An obscure Reddit post may give some clues as to what happened. This marks the first serious drop in supply in since mid-July, when some 300 million tether were taken out of the market but by mid-August, around 400 million were added back. Each “tether” is allegedly backed by one dollar; thus the token trades at par with the U.S. dollar. The decrease in supply is increasing speculation that Tether is using Deltec Bank, based in The Bahamas, as the storage place for their U.S. dollar assets. Tether had been using Puerto Rico’s…