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Tether (USDT) to Launch on Top of Bitcoin Cash (BCH) Blockchain

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Tue, 02/18/2020 - 14:45
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  • Tether (USDT), the world's leading stablecoin, is coming to Bitcoin Cash (BCH), according to Roger Ver

Cover image via www.shutterstock.com
Contents

Bitcoin.com CEO Roger Ver recently revealed that Bitcoin Cash (BCH) is expected to add Tether (USDT), the flagship stablecoin, to its blockchain. 

"There's already a couple of stablecoins on Bitcoin Cash but the world's biggest stablecoin so far has been one called Tether. [...] A little birdie told that that's about to launch on top of Bitcoin Cash and SLP as well." 

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A perfect fit 

Ver mentioned that USDT has plenty of users all over the world, including China where Bitcoin (BTC) and other cryptocurrencies remain officially banned. 

"Even in China, people use Tether to buy and sell and pay for things. I think it's the example of how useful blockchains have been."

However, Ver noted that BCH actually represents a separate asset. Meanwhile, Tether, which is pegged to the US dollar, carries counterparty risk.  

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More blockchains 

Tether was initially issued on the Omni layer of the Bitcoin blockchain. In September 2017, the leading stablecoin issuer also introduced Ethereum-based USDT tokens and later started moving to more obscure blockchains, including Tron and EOS.

Back in January, it also made an announcement about issuing the USD-pegged cryptocurrency on Algorand. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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