Critics and those who do not really understand blockchain and cryptocurrencies often argue that digital assets are nothing more but human contracts that are made out of thin air and with no intrinsic value.
Money of them especially those who do not understand how these digital assets are minted often times believe that anyone with certain amount of knowledge could easily create their own money out of nothing.
Of course this is not true, as there are mechanisms, regulations, markets places and communities that will determine the use-case, conformity, value and acceptance of these digital assets.
The team was supposed to mint only around $50 Million USDT but due to human error they accidentally minted $5 billion which was subsequently rectified by burning the excess digital token by passing it to an unrecoverable address.
Headlines for the world of Cryptocurrencies - July 14, 2019
- Justin Wants To Invite President Trump For Lunch With Warren Buffet
- Blockchain-Powered Waste Management Launched In Italy
- No VAT For Cryptocurrency In Georgia
- Japan Looks Closely Into Facebook’s Libra
- Crackdown On Mining Operations In China Might Be Good For BTC prices
Headlines for the world of Cryptocurrencies - July 13, 2019
- Iran Becoming The Bastion For Cryptocurrency Miners
- Coinbase Whales Buying Up BTC After $1500 Dump
- Binance’s $2.5 Billion BNB Token Burn
- State Of Brazil Releases Blockchain-Enhanced Government Bidding Platform
- Crypto Now VAT-FREE IN Georgia
Headlines for the world of Cryptocurrencies - July 12, 2019
- PwC Reports Token Sales In Q1 Raised $3.3 Billion
- Crypto Too Disruptive To Ignore
- Binance Suggest Merge Mining To Mitigate Halving Shocks
- First Consumer-Facing Blockchain Token Approved By SEC
- Another Bitcoin Derivatives Soon To Hit The U.S.
