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?
While Bitcoin is only ten years old, the origins of the technologies behind it go back much further, and its future implications are still not clear.