Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you from the USDT stablecoin, to Brave, the crypto-powered browser, to cryptocurrencies disrupting the work of finance.
Now onto the news! According to a report by Cryptoslate, Tether has minted fresh USDT stablecoins worth nearly $400 million and crypto market observers have accused the firm of trying to manipulate the markets, also alleging that Tether’s coins are not backed at 1:1 with the U.S dollars, as the firm used to claim.
It’s worth noting that this is not the first time that Tether is being criticized for unlawful practices. In 2018, University of Texas professor, John Griffin and co-author Amin Shams revealed in a research report that Tether is guilty of manipulating the price of bitcoin.
Now, onto the second news item for today! The Los Angeles Times has joined the cryptocurrency bandwagon by becoming a verified publisher on the Basic Attention Token (BAT) powered Brave browser.
Onto the third news item for today! Per a report by The Daily HODL, the Managing Director of IMF, Christine Lagarde has acknowledged the fact that bitcoin and other blockchain-based virtual currencies are now disrupting the traditional financial sector and as such, there is a need to regulate the industry in a way that would foster stability, encourage innovation and protect investors.
So what are your thoughts on this situation?
Are you confident that Tether will continue to remain valuable as the largest stablecoin on the market, despite the criticisms?
Do you think that Brave Browser has all it takes to become the number one web browser in the world soon?
Do you think cryptos will entirely disrupt the world’s financial system in the coming years?
Let me know what you guys think below, If you liked the content please subscribe and watch our latest videos.
It’s Cindy with CryptoPig, Catch you guys around!