Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat reserves to back a little less than three-quarters of its existing supply — 74%. Tether executives had previously publicly promised…

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Elon Musk’s Mysterious Tweet Results in $35,000 Tesla Model 3

Tesla’s big news event for today was dominated by the official unveiling of the long-awaited $35,000 Model 3. Excitement over the new low-cost sedan was sapped, however, after Elon Musk delivered disappointing news about Tesla’s profitability prospects. Tesla Unveils $35,000 Model 3 $35,000 Tesla Model 3 Available Nowhttps://t.co/xZ0J4rbbgM — Tesla (@Tesla) February 28, 2019 The…

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The Weekly: Muskbots Blocked, US Candidate Accepts Bitcoin, Herd of Institutional Investors

The Weekly In this week’s daily editions of Bitcoin in Brief, we reported about Twitter blocking ETH scambots mimicking Elon Musk, a US presidential candidate who accepts crypto donations, the expected arrival of a ‘herd of institutional investors’ and much more. The most commented-on article during the week covered the latest development of the ongoing…

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