Daily Crypto NewsEDITION #382, 10 January 2022

CoinDesk, Tether and NYAG. New Year? Old business...

Hey Moni Maker 🔄

Today, in 1863, the world's first tube line was launched in London. And we've finally established ourselves after the New Year holidays! Did you miss  Digest? And Digest missed you too, yes. 

Let's go!

CoinDesk has formally joined the legal proceedings between Tether and the New York Attorney General in a case centering on the release of company documents to the news outlet.

The conflict dates back to June of last year, when CoinDesk filed a Freedom of Information Law request, or FOIL, in New York requesting documents detailing Tether's reserve breakdown, which the stablecoin issuer and its parent company iFinex provided to the NYAG as part of a settlement agreement in February. New York's Freedom of Information Law allows members of the public to submit requests for access to government records, including court documents.

USDT price is stable. Cases are stable too…

Today, PayPal confirmed that it is working on its own stablecoin:

"We are exploring a stablecoin," Senior VP of Crypto and Digital Currencies Jose Fernandez da Ponte told Bloomberg. "If and when we seek to move forward, we will of course, work closely with relevant regulators."

No FUD, PayPal's Stablecoin can do much more for mass adoption than Tether, for example. The primary condition is not to sue everyone, and then we'll see... :) Oh, and the old-fashioned PP meme to follow! 

Per beneficial ownership data gathered by the Securities and Exchange Commission and easier to browse on Dataroma, major players sold $40,631,394 worth of COIN over the course of December. The SEC requires these disclosures of company officers and directors, as well as any shareholders who possess 10% or more of the company's outstanding stock.

In the three months to date, total sales from insiders amounted to $331,744,516. Those insiders reported zero purchases during either timeframe. 

Sad.

As you know, we make content in two languages - Russian and English. So... let's watch the video about SHIELD: 

– What is it? 

– How to win some prizes? 

– What benefits does it have? 

Watch the vid! 

IDO (Initial DEX Offering) is a fundraising event that is conducted in decentralised fashion. Usually startups raise funds and after that adding liquidity to DEX pool, for example on Uniswap or SushiSwap.

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)