Cryptocurrency Mining Up for Elimination In China for Being Wasteful and ‘Backward’

China’s economic planning agency is considering eliminating cryptocurrency mining along with numerous other products and processes. Comment period is open until May 7. Continue reading Cryptocurrency Mining Up for Elimination In China for Being Wasteful and ‘Backward’

Cryptocurrency That Claimed to Be Backed by Cash No Longer Solely Backed by Cash

Tether said its USDT token was ‘backed 1-to-1 by traditional currency’ but now adds cash equivalents, receivables from loans, and other assets to its reserves. Continue reading Cryptocurrency That Claimed to Be Backed by Cash No Longer Solely Backed by Cash