CryptoSlate Recap | New crypto asset data features on CryptoSlate–trusted volume, NVT and crypto sector data | Tether and Bitfinex confirm USDT is not fully backed by fiat
|May 1||Public post|| 3|
Welcome to CryptoSlate Recap, our daily, free newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.
Consistent with our goal of becoming the front page of crypto, we have rolled out a slate of new features to help readers stay informed with accurate and reliable crypto data. We are proud to introduce proprietary sector data, trusted volume, and network value to transaction (NVT) ratios for hundreds of crypto assets.
Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are “subject to the risk of default, insolvency, inability to collect, and illiquidity.”
Mysteriously, 25 percent of mined Bitcoin Cash blocks are being tagged with “Satoshi Nakamoto.” Given the May 15th hard fork as part of a scheduled protocol upgrade, it is rumored that the tagging is a miner signaling 51 percent attack.
Greyscale, a digital currency investment group, has an interesting new marketing campaign aimed at boosting crypto adoption and dropping gold.
How many confirmations does it take to send a transaction across different blockchains? A new site is providing that data.
Bitcoin’s transaction backlog has reemerged.
Thomas Lee of Fundstrat thinks that if the Tether debacle had been news in December 2018, it would have caused panic liquidations. Is Bitcoin’s price resilience over the past week another sign that crypto winter is ending?
Crypto market data
For more pertinent market data, please see:
Connect with us
🔥 Interested in sponsoring this newsletter? Contact us.
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.