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Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens. дальше »

2019-5-16 18:51


47% of Institutional Investors Welcome Crypto Investments, Survey Shows

A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described. дальше »

2019-5-3 16:05


India’s Crypto saga: Prominent advocate explains how to own crypto legally in the country

The Indian crypto community rejoiced when the Supreme Court made a move to understand and regulate crypto. However, the quickness of the hearing’s adjournment shocked the community. A month since the hearing, there are rumors that the government is planning a complete ban on cryptocurrencies under the Prevention of Money Laundering Act, which has left […] The post India’s Crypto saga: Prominent advocate explains how to own crypto legally in the country appeared first on AMBCrypto. дальше »

2019-5-2 16:30


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Filings Reveal that Only 74 Percent of USDT Is Backed by Short-Term Liquid Funds

According to a Bloomberg report published April 30, 2019, only 74 percent of Tether’s USDT stablecoin is backed by fiat and other short-term liquid assets. The Trouble Runs Deep In an affidavit filed with the Supreme Court of State of New York on April 30, 2019, Tether’s general counsel Stuart Hoegner stated that the companyRead MoreRead More. дальше »

2019-5-2 11:48


Indian Bank HDFC Issues Negativity-Laden Emails to Customers Using Cryptocurrencies

India’s crypto dilemma does not seem to end as the delays in finalizing regulations were followed by a delay in the judgment over various impending cases in the Supreme court related to crypto use. After the 29th of March hearing was postponed regarding the finalization of crypto regulation by the finance ministry, the crypto community […] дальше »

2019-4-28 20:30


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »

2019-4-27 01:30


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Texan Dark Web Drug Dealers who Sold Steroids to Professional Athletes Plead Guilty

Two Texan men have pled guilty at the Manhattan Supreme Court to selling illegal steroids and other drugs on the dark web, reportedly netting $2. 8 million during their five-year-long operation.   Drug Dealers Plead Guilty Callaway Crain and Mark Sanchez, both 35, ran an illegal operation from 2013 to 2018 during which the duo sold steroidsRead MoreRead More. дальше »

2019-4-25 05:00