Tether

‘Without this Bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways

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– ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways:

BITCOIN’S price could crash by up to 80 per cent if this scheme unravels, experts have warned. And the signs aren’t looking good.

BITCOIN could crash up to 80 per cent if it turns out the price has been artificially pumped up by controversial crytpocurrency tether, analysts have warned.

Tether, a so-called “stablecoin” which aims to maintain a value of one US dollar per tether, has been described as the “ticking time bomb” of the cryptocurrency world which could trigger the next “bloodbath” similar to the 2014 collapse of the Mt. Gox exchange.

Read more‘Without this Bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways

Another Cryptocurrency Gets Hacked, Money Disappears. Here are the 30 Biggest Crypto Hacks

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– Another Cryptocurrency Gets Hacked, Money Disappears. Here are the 30 Biggest Crypto Hacks:

Hackers are dogging cryptocurrencies.

It starts with nightmarish messages like this:

Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. Tether integrators must take immediate action, as discussed below, to prevent further ecosystem disruption.

Disappeared: $31 million in tether tokens. This was reported Monday night by Tether, the company behind the cryptocurrency “tether,” with a market capitalization of $673 million, according to CoinMarketCap. The value of tether, which is “tethered” to the US dollar, continued to hover around $1.

But bitcoin plunged 5% and then recovered. Tether is used is used as a medium to transfer cryptocurrencies to other exchanges in other countries without using the dollar and without using banks.

Read moreAnother Cryptocurrency Gets Hacked, Money Disappears. Here are the 30 Biggest Crypto Hacks