Tether, which issues USDT crypto-tokens, pegged to dollar, presented a long-awaited report on the adequacy of reserves in its bank accounts. The document confirms that on Tether's bank accounts on June 1 there was $ 2.55 billion, which is enough to provide 2.54 billion USDT, issued on that date. The evaluation was conducted by the legal bureau Freeh Sporkin & Sullivan, LLP (FSS), created by three former federal judges and ex-deputy director of the FBI.
Traders around the world were expecting this document, which was a response to numerous Tether charges in the release of unsecured stablcoins. According to some crypto-experts, unsecured USDT could be used to manipulate the Bitcoin exchange rate.
Now one needs to closely monitor the new issue of USDT - it is possible that it will signal a new bull rally on the Bitcoin market.
Great news! Let's hope for the best (for all the crypto market) for the Tether stuff.
Talking about ICOs, there are many good crypto related projects that are developing now.
If I can give you guys my opinion, I discovered an exciting one: RAWG.
Just now the RAWG team won TWO blockchain contests in one day. Amazing! Have a look at this article explaining this great result:
https://medium.com/rawg/wizardry-product-transparency-5325fd85557a
Like they say: “This is RAWG’s promise to become one of the trustworthy projects in the sea of fraud and scam”.
If you want to have a look and get some information, the ICO will start in a short period and they are at the moment in pre-ICO phase.
The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.
You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day.
Have a look. I hope this information is helpful!
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