• Tether launches gold-backed cryptocurrency
    Cryptocurrencies,  Tether

    Tether launches gold-backed cryptocurrency

    The new Tether Gold tokens will be backed by one fine troy ounce of gold stored in a secure Swiss vault, the company said

    Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.

  • Pornhub logo
    Cryptocurrencies,  Tether

    Pornhub now accepts tether for model payments

    The world’s biggest porn site now accepts the world’s biggest stablecoin 

    Visitors to Pornhub, which boasted 42 billion visits in 2019, can now pay live webcam models with tether via the Tron wallet, the site announced yesterday. The move follows PayPal’s announcement in November that it would stop supporting payments for the hugely popular pornographic website.

  • Are tether tokens really backed by dollars? (via Shutterstock)
    Tether

    Bitfinex to launch bitcoin options

    The cryptocurrency exchange’s options will be settled in tether, the stablecoin issued by Bitfinex’s sister company; ICE and Bakkt also announced options, but settled in cash

    Bitfinex has announced plans to offer bitcoin options that will put it in direct competition with two major traditional exchange operators, Intercontinental Exchange and CME Group’s Bakkt. Both of those also announced enhanced bitcoin options choices over the past two days.

  • University of Texas Tower (via Wiki commons).
    Opinion,  Tether

    Tether/Bitfinex study gets updated while Crypto Twitter gets angry

    The report that claimed Bitcoin prices were manipulated via Tether now says a single “whale” was behind the trades; those with skin in the game react negatively

    The lead academic in that (in)famous study postulating that Bitcoin prices were manipulated by Tether updated it with this added doozey: a single “whale” was behind most of it, trading large amounts of bitcoin against tether on Bitfinex, Tether’s sister company.

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