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, 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
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
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
We are thrilled to announce that we have just listed #HEX by @RichardHeartWin on our exchange, giving anyone who wants to trade it a secure venue to do so. Check it out! https://t.co/BCOEVEyTGX pic.twitter.com/mdKezZo59t
— Bitcoin.com Exchange (@BitcoinComExch) December 15, 2019
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
Binance has recently started disabling shorting on margin when bad news. about certain projects comes out. They’ve done this for Matic and Vechain. But going long on margin is still allowed and never disabled if good news comes out. @elonmusk would be proud, CZ!
— Larry Cermak (@lawmaster) December 15, 2019
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
Electron Cash Portuguese translation completed!
Special thanks to Professor Ricardo Moura in the city of Manaus Brazil, his collaboration was essential to complete the objective, up to 6638 words translated ENG-POR. https://t.co/e4fdVkUTJr#BitcoinCashRyver #BCHForEveryone pic.twitter.com/HmWb6tvYq4
— Sofia Corona BCH (@VainilaMarket) December 15, 2019
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.
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