A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like everyone else—doesn’t recognize the stablecoin as legitimate.
There’s no light at the end of the tunnel just yet in the world of digital currency as troubles continue for firms caught up in the recent volatility of the market.
Some hedge funds are using Genesis Global Trading to short Tether, and they’ve upped the ante since the implosion of Terra’s UST algorithmic stablecoin, according to the Wall Street Journal report.
Joshua Henslee released a video explaining how he sees wider systemic risk in the digital currency sector and how this might be the moment when the house of cards finally comes down.
If you bought BTC on January 1, 2022, you would be down roughly 60% on your initial investment, while if you bought BSV, you would be down approximately 50% on your initial investment.
Bitfarms is "adjusting its HODL strategy" by selling off almost half its BTC reserves, a move that reflects the struggles BTC miners have faced in recent weeks to remain profitable as prices sank.
CoinGeek's Chief Bitcoin Historian Kurt Wuckert Jr. recently joined Rob Kientz on Gold Silver Pros to talk about Bitcoin, the digital currency markets, regulations, stablecoins, and much more.
Combining the recent events and loan Coinbase took from Goldman Sachs, Joshua Henslee speculates that the company is in need of money and Coinbase insiders dumped because they know there’s trouble ahead.
In his recent video, BSV developer Joshua Henslee gives a high-level overview of the Federal Reserve, central banks, and how the debt-based money system works.
Joshua Henslee released a video discussing his take on the digital currency market chaos last week, particularly how the 'leaders' in the space are handling the issue.
BSV has been suppressed for too long but at some point, Joshua Henslee believes that the market will have to reconcile with the development on the only truly scalable blockchain.