What happened over weekend? Not much. And yet...
Interesting data, from January to September 2020, in all the banks from Bahamas (including Deltec, the USDT issuer) the total of their money were incresing with $600 million - from $4.7 B to $5.3B. But, the Tether (USDT) total number increased with $ 5.4 B (so from $4.7 B to $10 B). Wait a moment, you will ask, i was thinking that USDT is backed by real dollars. Or it isn't? Coinbase and Bitstamp do not support Tether, And Kraken is the only one big exchange dealing with it, but only about $17 M per day. Not to mention that issuing Tether out of thin air in order to buy more and more BTC is a scary tough. And if you check the statistics, a lot of BTC is bought with USDT. Mat Levine and Patrick McKenzie dedicated a lot of effort to get you a clear picture, just search for their articles. Something is fishy in there, as Homer Simpson would say. Latest move, they purchased 1 million EXOeu tokens from the newly announced MMOPRG game Infinite Fleet. Are they making money from thin air? This is either a well tought bussiness or the bigest scam we ever seen.
Iran started to have a lot of blackouts lately, and they blame the crypto-miners for it. In US, Larry Summers sayd on TV that BTC is here to stay, that it is not a bubble and most probably more people will get into it, given the fact that its supply is finite, and all this will result in price growth. In 15.01.2021, Grayscale raised 700 million dollars, a new record, and the most popular product is GBTC - Grayscale Bitcoin Trust. Goldman Sacks is also researching the Bitcoin market, is this good or bad? I let you to decide. Pantera Capital is going towards 100k+ for BTC before August.
It is official now, Kraken halted the XRP trading for US users. Will Ripple recover from this?
Link, YFI and WAVES are increasing quite nicely, all they in double digits. YFI was a bit of a talk, as they wanted to mint some extra 1000 YFI tokens to pay the developers. The users did not like it initially, but in the end the proposal got approved.
OVM (Optimistic virtual machine) from Optimism is a Layer 2 scaling solution wanting to address the abnormal gas fees on Ethereum network, just launched and first to try it will be SNX (Synthetix).
If you were one of the Ledger hack victims, be careful, as many reported extortion emails threatening their families.
Nvidia is considering doing some products special for mining, as the demand is there. A bit late guys, everybody plan to move on Proof of Stake lately.
AC Milan is the latest team to join the token world, and it will be launched on Chiliz blockchain soon.
And with this, i go to sleep, as it is late in here, and my bed is calling me.
