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.
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.