Monday, October 15, 2018

Tether Troubles / Billionaire Buterin? / India ATMs / DocuSign

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$BTC (1:21 p.m. EST): $6,655.34 (5.19%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. There is growing concern that the company behind tether holds enough reserves to match the amount of tokens in circulation. Tether Limited, the company that issues tether, which its creators claim is 100 percent backed by fiat currency reserves, traded as low as $0.93 per coin early on Monday. There are rumors that a number of exchanges may delist tether, among growing concerns that it has been used in the past to manipulate the price of bitcoin. Tether Limited has denied these reports. –CNBC

Questions around tether parent company grow
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2. Vitalik Buterin is not a billionaire. Despite numerous reports, ethereum's co-founder claimed on Twitter that while he does have a substantial crypto holding, he did gain coins through unfair pre-mining. Buterin went as far as to link to his proposed official ethereum wallet, which contained about 365,000 coins. That would equate to about $73 million based on ethereum's current value. –ETHEREUM WORLD NEWS

Buterin dismissed billionaire claims
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3. Unocoin, one of the largest cryptocurrency exchanges in India, has launched a bitcoin ATM as a way to skirt the country's cryptocurrency regulations. The Royal Bank of India stopped lenders from maintaining any business relationship with virtual currencies earlier this year, hurting exchanges in the process. Unocoin wants to use ATMs to allow for peer-to-peer trading, avoiding India's banking system in the process. –QUARTZ

Exchanges use ATMs to skirt India regulations
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4. DocuSign has integrated with the ethereum blockchain. The San Francisco-based company provides electronic signature technology and digital transactions management services. With the new agreement, DocuSign's more than 400,000 customers can have records of their transactions kept on the ethereum blockchain. The deal is aimed at customers that want evidence of their agreements to exist in a neutral environment. –SLUDGEFEED

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5. The future of blockchain looks, well, a little boring. –BARRONS

6. Ethereum's Constantinople hard fork has faced an issue in testing. –COIN TELEGRAPH

7. Blockchain games keep growing in popularity. –FORBES

8. NBA player Spencer Dinwiddie plans to launch sneakers that can be purchased with bitcoin next year. –CRYPTO SLATE

9. Centbee has launched a bitcoin cash wallet app in beta. –IOL

10. At home bitcoin miners are losing money. –MARKET WATCH

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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