Daily Crypto NewsEDITION #184, 31 March 2021

Tether is not scam [p.2, special audition]

Hey #Moni Maker 🙃

Today, in 1999, The Matrix was released. More than 20 years later we hear talk about the part 4 release. Now Wachowski definitely can't do without crypto in the script of the fourth part - not many people today will believe that a bunch of revolutionaries could defeat the totalitarian regime without having free decentralized money at their disposal. And while we wait for the release of the aged Neo on the TV screen, we should check the latest news of the crypto universe...

Let’s go!

The international auditing company Moore Global has provided a report. It shows that the reserves of Tether Holdings Limited are sufficient to fully collateralize Tether Stablecoin (USDT).

Tether's assets at the time of the report were valued at $35.3 billion and liabilities at $35.2 billion, of which $35.1 billion was related to the issued stablecoins.

In other words, Tether's reserves exceed the amount needed to redeem all of the company's outstanding stablecoins.

So what?

On the streets of Twitter, people are actively criticizing these documents. They tell that the audits are incomprehensible, and the company is d*ckish.

As always! We advise you not to listen to advice and think with your head. But personally we think that for the short term - USDT is fine. FUD is FUD even on Wall Street. FUD. FUD FUD!

PayPal announced that U.S. customers will now be able to use cryptocurrency to pay for purchases at millions of online merchants around the world. Users will be able to convert the assets into fiat currencies at checkout to make purchases.

The company said the crypto service will be available at all 29 million merchant locations in the coming months.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement.

So what?

Pay for a beer - $50 commission; Pay for an Apple Music subscription - $100 commission. Pay nothing - $10 commission. :)

We hope PayPal doesn't vilify crypto with their moves. We're with you guys!

According to Cryptowatch analysts, the Bitcoin network hash rate reached a historical maximum of 169M TH/s.

According to Defi LIama, funds locked up in the DeFi segment have surpassed $80 billion and reached the $82.57 billion mark, a figure that has doubled since the beginning of February.

The top five assets by TVL include:

Wrapped Bitcoin, $8 billion;

Compound - $7.5 billion;

MakerDAO - $7 billion;

PancakeSwap - $5.7 billion;

Aave - $5.5 billion.

And you...buy Bitcoin! 😉