Category : Rumours

Tether’s New Update Suggests USDT Is Not 100% Backed With Fiat

Tether, the company behind one of the biggest and most widely used stablecoins on the market (USDT), has updated the terms on its website to further clarify how their reserves work. The small update, however, suggested that its USDT coin is not 100 p...

Examining the #DeleteCoinbase Controversy: Is Coinbase Selling User Data?

One Coinbase executive recently said that its partners were “selling client data to outside sources,” stoking privacy concerns. Controversy has been brewing since the exchange’s acquisition of blockchain analytics company Neutrino on Feb. 19th....

Quadriga’s Cold Wallets “Empty Since April,” Brian Armstrong Suspicious, and Kraken Announces $100,000 for Tips

There is mounting evidence that there is more to the QuadrigaCX incident. Coinbase CEO Brian Armstrong is suspicious, Kraken suggestively announced $100,000 for tips, and Bloomberg recently reported that Quadriga’s cold wallets “have been empty since...

Dash Venezuela Team Issues a Response to Embezzlement Accusations against Dash Merchant Venezuela

Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations against Dash Merchant Venezuela, a separate Dash-funded organization. Some in the community are still outraged. Meanwhile, the CEO apologized for delays...

Dash Merchant Venezuela Team Issues Response to Embezzlement Accusations

Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations. Some in the community are still outraged. Meanwhile, the CEO apologized for delays in delivering its balance sheet and praised the team for its “p...

Investigating Scam Allegations Around Apollo Currency

There are percolating allegations that Apollo Currency is a “pump and dump.” Others claim that one of the project’s co-founders—Stephen McCullah—is a “scam artist,” and that APL is a “massive scam” that is making him “rich.” CryptoSlate explores thes...

Is the KYC Data Hack for Leading Cryptocurrency Exchanges Fake News?

Within the last 48 hours, news (re)surfaced suggesting that know-your-customer (KYC) information from some of the largest cryptocurrency exchanges was made available for sale. Yet, there is evidence that this is likely recycled news from over six mon...

Tether’s Billion Dollar Reserves May Not Equate to ‘One-to-One Backing’ or ‘No Misconduct’

Bloomberg reported that Tether “has the billions it promised,” suggesting that USDT could be backed one-to-one by dollars. That said, the reserves do not necessarily prove Tether’s innocence in a laundry list of other misconduct. On Dec. 18th, Bloomb...

Bitcoin Trading Desk: Goldman Sachs CFO Says Speculation Is ‘Fake News’

One of the first major investment banks to enter the cryptocurrency sector, Goldman Sachs has been hinting at launching a Bitcoin trading desk since June. Following news of a delay, Goldman Sachs CFO Martin Chavez is now saying that the firm never ha...

Google and Cardano London Meetup Reveals Potential Collaboration

Founded by Ethereum Co-founder Charles Hoskinson, Cardano (ADA) is poised as a third-generation blockchain with a focus on propelling mass adoption. Released on June 28, 2018, Cardano developer met with Google at their London offices to discuss the s...

Is Bitcoin Creator Satoshi Nakamoto Writing a Book? The Crypto Community Doesn’t Think So

A schism appeared within the cryptocurrency community around the time a new statement and book excerpt purportedly released by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. NakamotoFamilyFoundation.org, A newly-registered website launched Ju...

Facebook May Be Planning to Launch a Native Cryptocurrency

The world’s leading social network is looking into the potential of blockchain technology to facilitate peer-to-peer payments. According to a report from The Verge, Facebook is “very serious” about launching its own native cryptocur...

NYSE Parent Company May Be Launching a Bitcoin Investment Platform

Bitcoin spent the better part of a decade on the fringes of the financial system. While markets recovered from the 2008 financial crisis, Bitcoin was slowly building a following and collecting attention. However, even as it soared in value last year,...

Bitcoin Twitter Suspended, Hijacked and Restored as Twitter Balances Free Speech in the Age of Crypto Disinformation

It was a busy week for the @Bitcoin Twitter account, as it was suspended, hijacked, and restored – all within a matter of days. The account was apparently a casualty of the ongoing drama between Bitcoin and Bitcoin Cash, two rivals who suffer from an...

Mysterious Blockchain Company Buys Enough Land in Nevada to Build a City

A mysterious “blockchain company” just bought 62 percent of a 162 square mile Industrial park near Reno, Nevada. That’s 67,000 acres. This land has been bought at the Tahoe/Reno Industrial Center, also home of Tesla’s Gigafact...