One of the biggest mysteries in crypto revolves around token issuer Tether. Crypto enthusiasts—and crypto journalists— have long tried to figure out exactly what hard assets comprise the massive reserves that tether, as a “stablecoin,” is required to keep its dollar for dollar ratio in backing bitcoin with American dollars. The question is not academic. Tether has more than $78 billion worth of tokens in circulation and is by far the largest stablecoin issuer, accounting for about half of all transactions against bitcoin on centralized exchanges. Press play to hear a narrated version of this story, presented by AudioHopper. If the market began to question the stability of those dollar…
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Walmart May Soon Enter the Metaverse
The retail giant wants in
Trademarks Walmart filed several trademarks on December 30 that would allow them to sell virtual goods, currency, and NFTs to customers. Trademark serial number 97197301 states at one point “PROVIDING A VIRTUAL CURRENCY FOR USE BY MEMBERS OF AN ONLINE COMMUNITY VIA A GLOBAL COMPUTER NETWORK; FINANCIAL EXCHANGE OF VIRTUAL CURRENCY, IN THE FIELD OF NON-FUNGIBLE TOKENS (NFTS)”. The text itself goes on a lot longer, and there are several other additional trademarks to read too. Walmart intends to create its own digital currency and NFTs, but it’s going to go a lot deeper than that. Looking at the trademarks shows that there is a lot of thought and care…
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Tesla Accepting Dogecoin Payments
Select Tesla merchandise can be purchased with Doge
Elon Musk’s tweet Tesla CEO, Elon Musk, continues to keep Dogecoin (DOGE) relevant through his latest announcement. On Friday, January 14, Musk tweeted “Tesla merch buyable with Dogecoin”. Following his tweet, DOGE saw a 10% increase in price. Only select items are available for purchase with DOGE, like the Giga Texas Belt Buckle or the Cyberwhistle. This isn’t his first time tweeting about the meme coin; he has announced SpaceX missions to be funded entirely by DOGE. He even has a pet Shiba Inu named Floki, which caused a stir on Twitter, and responded to a tweet about how he could be the world’s first trillionaire by saying “*In Dogecoin”.…
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Kim Kardashian and Floyd Mayweather Are Being Sued for Advertising a Crypto Token
Boxing legend Floyd Mayweather and Reality TV star and model Kim Kardashian are under fire after promoting an alleged “pump and dump” scam
The controversy Kim Kardashian, Floyd Mayweather, basketball player Paul Pierce are all under fire for using their platforms to promote the EthereumMax (EMAX) token. As stated in the class action complaint “This case arises from a scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with EthereumMax (the EMAX Tokens) to unsuspecting investors.” The case essentially states that the defendants used their own influence as celebrities to artificially inflate the price of the token. From there, investors bought EMAX tokens at an inflated price. After this, supposedly the defendants involved then went and sold off their shares of the token, made a…
