Newsletter Archives
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Should you try USDTea technology or leaf it alone?
PUBLIC DEFENDER
By Brian Livingston
A new cryptocurrency that trades on the Ethereum blockchain — USDTea — promises to maintain a stable value equivalent to $1.00 essentially forever. But is it a scam, a joke, or a new kind of technology that you could actually put to use in your own life?
At first glance, it would be easy to assume that any new crypto coin is a con game. After all, 81% of initial coin offerings were found to be outright scams — that is, the promoters disappeared with all the money that eager investors poured in, according to a 2018 study by Satis Group LLC.
Read the full story in our Plus Newsletter (19.23.0, 2022-06-06).
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How to tell whether a fintech app such as Chime is a scam
PUBLIC DEFENDER
By Brian Livingston
We’ve recently seen an explosion of activity in the field of fintech — financial technology — which is causing ripples in the old-school world of banking and Wall Street.
The most-downloaded fintech app in the first six months of 2021, according to data firm Apptopia, belonged to Chime Financial, Inc., a seven-year-old, San Francisco–based unicorn that’s a darling of Silicon Valley venture capitalists.
Read the full story in the AskWoody Plus Newsletter 18.27.0 (2021-07-19).