It seems everyone has gotten to the bottom of Monday’s rally and—whoddathunkit?—it might have been an April Fool’s Day joke. Sure, there were a few jokes floating around the cryptoverse but one in particular is suspected to have ignited buy orders and short squeezes.
One of the saddest pages in crypto is in open sight for all to see. Of course, we’re talking about Tether’s “press” page. It’s just 10 articles, with the last one posted on April 22, 2015 and it was a CoinDesk story about using ShapeShift to buy USDT.
Facebook is working on their own currency: a stablecoin, pegged to a mainstream currency. It will likely get rolled out first to users of WhatsApp, which could use this currency to send money to friends and family instantly. But will the currency they ultimately use have any value outside of the platform?
Remember when Bitcoin’s energy consumption was going to destroy the world? It turns out that the planet’s demise at the hands of crypto miners may have been greatly exaggerated. Bitmain’s recent financial filings and a new change in in how a much-touted number, the Bitcoin Energy Consumption Index, is calculated should allay fears that crypto will singlehandedly destroy our planet.