Home ICYMI Fidelity Digital Assets to Support Ethereum, Bitmain Switches Strategy, Tether Lawsuit Continues

Fidelity Digital Assets to Support Ethereum, Bitmain Switches Strategy, Tether Lawsuit Continues

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Fidelity Digital Assets could add support for ether next year. Bitmain presents new sales strategies. NYAG introduces new descriptive filing against Tether and Bitfinex. Bitcoin.com to list Hex token. Binance disables margin shorting for certain projects when associated with bad news, and Electron Cash translated to Portuguese.

Fidelity Digital Assets to Support Ethereum Next Year

Fidelity Digital Assets

Fidelity Digital Assets, the cryptocurrency exchange and custody provider for institutions, could offer support for ether this next year. Tom Jessop, the president of Fidelity Digital Assets, explained they have been working hard on Ethereum when asked about possible support for the cryptocurrency in an interview with The Block. Fidelity has only supported BTC since they started offering institutional services.

Bitmain Presents New Sale Strategy at Exclusive Event

Fidelity Digital Assets

Bitmain presented a new set of sales strategies at an exclusive event in Chengdu where Jihan Wu himself hosted the meeting. Bitmain is now offering flexibility in payments of mining rigs for big purchases, letting some buyers pay a percentage upfront and another percentage just one week before the delivery of the miners. The company also presented a new co-mining product, directed to farms renting ASICS offering to pay part of the power to expand their mining muscle.

NYAG Court Filing Describes Tether Alleged Wrongdoings

Fidelity Digital Assets

The New York Attorney General (NYAG) filed a new document where it describes with detail how Bitfinex and Tether covered up hundreds of millions in losses. According to the document, Bitfinex “dissipated the cash backing tether first by going from actual cash in hand to $625 million, and then by replacing even that questionable source of backing with nothing more than a $625 million IOU from Bitfinex.”

Bitcoin.com Exchange Lists HEX

The Bitcoin.com Exchange decision to list HEX sparked heated debate among the Bitcoin Cash community. HEX is an Ethereum based token promoted by ex maximalist Richard Heart, and many consider the project to be a scam. Stefan Rust, CEO of Bitcoin.com, declared the exchange decided to list HEX “just out of spite,” referring to a conversation Heart had with BTC maximalist Peter McCormack.

Binance Disables Margin Shorts for Cryptocurrencies When Bad News Happen

Cryptocurrency exchange Binance rolled out changes to its trading platform to deal with the dump problems some projects have had. According to Larry Cermak, Binance has quietly removed the option of shorting projects like Tezos, Ravencoin, and Matic when there is bad news in the market impacting them. While the exchange has rolled this feature quietly without making much fuzz about it, some traders complained, calling this one of the “purest forms of manipulation.”

Electron Cash Translated to Portuguese

Sofia Corona, part of the Bitcoin Cash Ryver Team, announced recently Electron Cash, a popular desktop Bitcoin Cash wallet, has been fully translated to Portuguese with the help of Professor Ricardo Moura, whose work was essential in translating more than 6,600 words. This is part of an initiative started by the group called “Breaking Language Barriers,” that also spearheaded the completion of the app translation to the Spanish language, in an effort to bring cryptocurrency knowledge to people speaking languages different than English.

Fidelity Digital AssetsCONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.

DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.