Month: November 2020

Purplish pink diamond hits record $ 26.6 million

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Pink Diamond, The Spirit of the Rose

Purplish pink diamond hits record $ 26.6 million The “Spirit of the Rose” diamond, in Geneva on November 6, 2020 The price of some of the largest pink rough diamond ever discovered in Russia has unsurprisingly skyrocketed. An exceptional pink stone, from this rough diamond, was auctioned for $ 26.6 million commission included Wednesday evening in Geneva by Sotheby’s. However, the record could have gone even further. The auction house had previously estimated it between 23 and 38 million dollars. Named “The Spirit of the Rose” after the famous Ballets…

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Tether

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Tether

Tether Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. The Bitfinex exchange was accused by the New York Attorney General of using Tether’s funds to cover up $850 million in funds missing since mid-2018. Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. Nevertheless, Tether Limited…

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