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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Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices

New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies. Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics…

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DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month.Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an interview…

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Consulting Firm Predicts Ethereum Could Reach $2,500 By The End Of 2018

Independent financial consulting company deVere Group, which provides investment and wealth management services, has predicted that the price of Ethereum (ETH) could hit $2,500 by the end of the year, MarketWatch reported April 27. The financial consultancy firm said that the second largest cryptocurrency could see a significant rise, predicting its fourfold increase thanks to…

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