Maybe Tether Doesn’t Plan to Quit the Stablecoin Market After All

Tether announced today that it’s issuing USDT on the TRON blockchain. As Tether writes in its own blog post on the subject: The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (dApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network. TRON is only the third blockchain on which Tether has issued its stablecoin. Late last year, various actions by Tether Limited got people thinking that maybe the company was exiting the market altogether. For one thing, their actual redemption fees are huge post-Bitfinex exclusivity. For another, they were seen quietly arbitraging and

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Coinbase Sought Neutrino After Losing Control Over Customer Data Being Sold

Coinbase’s controversial acquisition of Neutrino was motivated by a desire to ditch its existing tech partners because they ”were actually selling client data to outside sources,” the head of sales at Coinbase said on Saturday. In an interview with Cheddar, Coinbase’s Christine Sandler explained the rationale for buying Neutrino— a blockchain intelligence firm whose founders used to build hacking tools to sell to the police. We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that. I think the compelling reason for making the acquisition was that Neutrino really

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Billionaire Oprah Winfrey Loses $50 Million in Weight Watchers Shares after 30% Plunge

Shares of fitness firm WW, which was formerly known as Weight Watchers International, plunged 30% in pre-market hours on Wednesday wiping out nearly $ 50 million of the stake that Oprah Winfrey holds in the company, according to CNBC. The drop in the stock came after the dieting firm released disappointing 4th quarter and full-year 2018 results. While analysts had been expecting earnings per share to come in at 60 cents, the actual EPS was 46 cents. Revenues for the fourth quarter of 2018 came in at $ 330 million against the $ 347 million that was expected. WW generated $ 1.5 billion in

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Kraft Heinz Weighs Radical Sale of 127-Year Old Coffee Brand after $16 Billion Stock Wipeout

Kraft Heinz reportedly no longer believes its iconic coffee brand Maxwell House is ‘Good to the last drop’ (as the brand’s slogan says). According to CNBC, the food giant could sell Maxwell House among other assets. Per the business channel, investment bank Credit Suisse has been tasked with reviewing the options that exist for the Maxwell House coffee business and this could include divesting. Sources told CNBC that Maxwell House could bring in $ 3 billion or more. The major shareholders in Kraft Heinz are 3G Capital and the Warren Buffett-led Berkshire Hathaway. The two own over 50% of Kraft Heinz’s

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