The Dangers of Tether

Written by:
Guest
Published on:
Feb/14/2018

Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem, according to a report filed by Bitcoin.com News.

“The big issue: There’s never been an audit, and the folks behind Tether has been quite shady when asked. They have continuously claimed their tokens are backed 100% by actual dollars, yet they have failed to present any evidence to support this claim. On social media, there appears to be consensus that what Tether is actually doing is running a fractional reserve system. In other words, most observers claim they DO NOT have the dollars to back up all those Tether coins. I tend to agree. It’s just too suspicious,” says Weiss analyst Juan M. Villaverde.

Tether was issued on the Bitcoin blockchain through the Omni Layer Protocol.[

In the online gambling space, Tether is currently offered by Bookmaker.eu.

Weiss recently issued its ratings and stunned many in the cryptocurrency space by claiming Ethereum to be among the best.

“Very trustworthy,” says David Drake, a crypto asset expert, in an interview with Forbes.com. “It is the first step for more ratings to come out on cryptocurrencies.”  

- Aaron Goldstein, Gambling911.com

Business/Financial News

Sports Betting Software Providers for Bookies

Being a Bookie is not only an extremely profitable business but it is also now very easy to do with all the various sports betting software providers that are available that do all the work for the bookie.

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Cryptocurrencies, which today accounts for upwards of 70% of all online gambling transactions in the North American market, lost approximately $6 billion of its value in a single day Thursday.

What is a PPH Sportsbook?

A PPH sportsbook is short for a pay per head sportsbook and that is a company that provides a platform and website for bookies so they can accept bets on daily sporting events

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

PayPerHead247.com has entered the profitable Pay Per Head space with plenty of betting action coming down the pike.

Syndicate