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USDC April Audit Report Reveals Backing above 100 Percent.

USD Coin (USDC) released its audit report attested by Grant Thornton LLP, which offered insight on the state of token issuance and fiat backing for April 2019. The report, released on May 18, 2019, is part of a monthly disclosure and makes USDC one of the most transparent fiat-backed stablecoins in the crypto ecosystem. origin »

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What Trump’s Huawei blacklisting means for you.

In just 24 hours, Huawei smartphones have gone from thriving to endangered. Last night, Google announced that it’s ceasing business with the company. This means it won’t be allowed to use Google Play services, or proprietary apps like Gmail and Google maps for its upcoming phones. origin »

Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations.

By CCN: OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim. In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme narrative. origin »

Tesla Stock Plunges 22% in 1 Month as Trump Trade Fallout’s Biggest Loser.

By CCN: In less than one month, the share price of the Tesla stock has dropped from $273 to $211 by more than 22. 7 percent following the fall out of recent trade discussions. While Tesla bulls remain optimistic about the long-term prospect of the firm, some strategists are concerned about the cash flow of the business and the performance of the company in key markets such as China. origin »

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