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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
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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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Tether price falters following iFinex investigation, bitcoin moved from Bitfinex
Following a probe which revealed the apparent loss of $850 million in funds, the attorney general of the State of New York obtained a court order against iFinex Inc. , which operates Bitfinex and owns Tether Ltd. дальше »
2019-4-27 23:39 | |
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Circle Releases Sixth Audit Report About its USDC Stablecoin Verifying Its US Dollar Reserves
Circle has recently released a new audit report related to its stablecoin USD Coin (USDC). The information was released by Circle in a blog post. The report signed by the auditing firm Grant Thornton shows that the firm has enough capital to back each USDC coin released to the market on a 1:1 basis. Circle […] дальше »
2019-4-18 14:51 | |
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Ethereum And Stellar Testnet Launches By New Anchor Stablecoin Tokens (ANCT)
Testnet Launched By Anchor Stablecoin Anchor is a stablecoin describes itself as a coin “backed by $1 Canadian held securely in Canadian Financial Institutions. Anchor Coin is always tradeable back and forth with Anchor Financial for $1 Canadian. дальше »
2019-4-9 20:42 | |
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TrustToken Goes Back to Back Launching New TrueGBP Stablecoin Pegged 1:1 with British Pound
Stablecoins, for all the drama that surrounds them, have continued to thrive in the crypto market. Despite being called manipulation tools, they continue to appeal to investors due to their affiliation with fiat currency and their reputation of being more secure than traditional cryptos. дальше »
2019-4-2 21:09 | |
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Facebook’s Cryptocurrency Won’t Let You Buy Your Privacy Back
Facebook is moving into cryptocurrency, aiming to create some type of stablecoin that will make it possible for users within its gargantuan network to transfer value to each other. Why Facebook doesn’t simply use an existing cryptocurrency is, of course, a mystery. дальше »
2019-3-31 23:30 | |
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Tether Reveals That Its Reserves Aren’t What They Seem
Tether, the largest stablecoin by market cap, has revealed new details regarding its collateral model. Until recently, Tether has claimed that its $2 billion token supply is backed by a reserve of real US Dollars. дальше »
2019-3-17 19:40 | |
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Tether Sneaks in a Notice Discrediting Its U.S Dollar Pegging. Should You Be Concerned?
Just like a moth to a flame, Tether always finds a way to steer itself into controversy. In the past, the crypto community has questioned its U. S dollar pegging. Some reports have also accused the stablecoin of being used to influence bitcoin’s price. дальше »
2019-3-15 21:17 | |
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Circle’s Pay App, Investing App, OTC Trading Desk And Poloniex Exchange Product Head Departs
Circle’s Head Of Product Divya Agarwalla After Working On It Less Than A Year According to a recent report released by Cheddar, Circle’s head of product, Divya Agarwalla, left the firm. The executive joined the firm back in January 2018 before launching the stablecoin USD Coin (USDC). дальше »
2019-3-14 02:11 | |
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Using alternative indicators to confirm sentiment change and price breakouts
After the launch of JP Morgan's 'stablecoin' crypto is back in the mainstream narrative which should be a positive for the wider market if it warms public sentiment. While there is no indication this news is a turning point for the bear market it does highlight how we could use alternative indicators alongside price to confirm a breakout into the next bull run. дальше »
2019-2-21 15:00 | |
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Using alternative indicators to confirm sentiment change and price bottom
After the launch of JP Morgan's 'stablecoin' crypto is back in the mainstream narrative which should be a positive for the wider market if it warms public sentiment. While there is no indication this news is a turning point for the bear market it does highlight how we could use alternative indicators alongside price to confirm a breakout into the next bull run. дальше »
2019-2-19 15:00 | |
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Facebook’s Blockchain Team Looks for 13 New Members: Managers, Engineers, Researchers Job Openings
According to Facebook’s Careers Site, there are 13 different blockchain-related jobs opened. This shows that there is a real interest for Facebook to develop new blockchain-related solutions. As reported back in 2018, the social media company had 32 individuals working on the blockchain area. дальше »
2019-2-17 22:53 | |
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In Tether We Trust? USDT Still Dominant Stablecoin
Tether (USDT) remains the most popular stablecoin, accounting for more than half of all value moving from Bitcoin to fiat or fiat-denominated currencies in December. Has the sector gone back to bed with the original stablecoin? A recently published report by CryptoCompare, a cryptocurrency statistics source, found that Tether represents 75% of Bitcoin (BTC) trades […] The post In Tether We Trust? USDT Still Dominant Stablecoin appeared first on Crypto Briefing. дальше »
2019-1-18 18:56 | |
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Facebook is Developing a Stablecoin to Power Remittances on Whatsapp
News reaching Ethereum World News indicate that facebook is developing a stablecoin to let users transfer money on its WhatsApp messaging App (Whatsapp was acquired by facebook back in 2014). The team at facebook will first focus on the market in India with this new concept and service. дальше »
2018-12-21 12:01 | |
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WhatsApp could be getting its own cryptocurrency
Kik might not be the only messaging app to support cryptocurrency payments if Facebook’s latest dream comes true. According to people close with the matter, the social media behemoth is looking to develop a cryptocurrency that enables WhatsApp users to transfer money to each other, reports Bloomberg. дальше »
2018-12-21 11:29 | |
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Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset
Rumors surrounding the stablecoin known as Tether (USDT) have long speculated that the parent company does not exactly have the funds to back up the total tokens in the market. The continual uncertainty as to whether USDT was backed by cold cash caused the fake news in mid October that Binance was delisting the stablecoin […] The post Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset appeared first on Ethereum World News. дальше »
2018-12-19 11:13 | |
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Tether (USDT) Stablecoin Surpasses Litecoin (LTC) In Terms Of Market Capitalization At No. 7
The popular, and sometimes controversial stablecoin Tether (USDT) has surpassed Litecoin (LTC) as the seventh largest virtual currency in the market. Cryptocurrencies have been falling during the last months due to a bear market that started earlier this year. дальше »
2018-12-6 15:50 | |
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Basis: A New Algorithmic Stablecoin
When it comes to stablecoins, the first examples that usually come to mind are Tether, a dollar-backed token, or Maker’s DAI, an Ethereum-collateralized stablecoin. There are also some with no collateral at all. дальше »
2018-12-3 01:28 | |
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Tether Trying to Bounce Back to its Feet, Reopens Account Verification and Fiat Withdrawals
Tether (USDT), the world’s first unstable stablecoin has announced the reopening of account verification and redemption of USDT to fiat straight from its platform, according to a press release by Tether Ltd. дальше »
2018-11-29 12:00 | |
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Tether is Back: The Platform Reopens Fiat Deposits and Tether (USDT) Redemption
CoinSpeaker Tether is Back: The Platform Reopens Fiat Deposits and Tether (USDT) Redemption Tether’s stablecoin platform is coming back: it will be available for fiat deposits and redemption of fiat currency to USDT once again. дальше »
2018-11-28 16:44 | |
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Why Tether’s (USDT) Reign As the Preferred Stablecoin Might Soon Be Over
Ever since Tether (USDT) was first listed on Bitfinex back in 2015, crypto traders have preferred the stable coin whenever the Bitcoin (BTC) and the cryptocurrency markets took a turn for the worst. дальше »
2018-11-28 13:05 | |
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Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum
Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat. дальше »
2018-11-28 01:21 | |
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Tether Reopens Fiat-USDT Redemption Platform
Tether is back in business. Its stablecoin platform, which has lain dormant since last year, is to reopen for fiat deposits and tether (USDT) redemption. The move, described by Tether as a “new vision,” ought to return its stablecoin to the parameters it was originally designed to meet. дальше »
2018-11-28 23:10 | |
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Mexican Startup Wants to Support Venezuelans With $1 Million Crypto Airdrop
Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela. дальше »
2018-11-28 19:29 | |
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Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say
CoinSpeaker Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say According to the first attestation report on Circle’s stablecoin, the firm’s USDC supply is fully backed by its dollar holdings. дальше »
2018-11-22 14:14 | |
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Coinbase Is Officially Adding Support for Basic Attention Token (BAT)
On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro. дальше »
2018-11-3 03:10 | |
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Tether Confirms That It Is Banking With Bahamas-Based Deltec
Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. дальше »
2018-11-2 00:27 | |
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Regulators Approve Coinbase to Offer Custody Services in New York State
Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc. дальше »
2018-10-24 00:55 | |
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Bitcoin Climbs Back to its $6,500 “Stablecoin” Mark: BTCManager’s Week in Review
The price of bitcoin managed to regain the $6,500 mark, which the community is jokingly referred to as its “stablecoin price” as it has spent the better of the last two months hovering around this price level. дальше »
2018-10-23 20:00 | |
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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken
Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs. дальше »
2018-10-17 01:17 | |
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BlockFi Now Offers Litecoin and Gemini Stablecoin-Backed Loan Options
Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether. дальше »
2018-10-16 16:07 | |
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OKEx Lists Four New Stablecoins
Digital assets platform OKEx has added four stablecoins to its listed assets. According to a support notice published by OKEx, the Hong Kong-based cryptocurrency exchange says that TrustToken's TrueUSD (TUSD), Circle's USDCoin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) are now live on the platform. дальше »
2018-10-16 22:42 | |
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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin
GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY). дальше »
2018-10-10 02:10 | |
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Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves
Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. дальше »
2018-10-9 00:43 | |
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-8 21:30 | |
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PwC and Cred Partner to Promote Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-10 21:30 | |
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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem
Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply. дальше »
2018-10-3 19:05 | |
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Circle’s USDC Stablecoin Begins Trading
Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform. дальше »
2018-9-27 20:50 | |
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Study Argues Tether Wasn't Used to Prop Up Bitcoin Price
Published a month before a report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate bitcoin's price, another academic study has come to light that challenges this theory. дальше »
2018-9-25 20:35 | |
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New Study Argues Tether Wasn't Used to Prop Up Bitcoin Price
Following an earlier report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate the bitcoin price, a new report has emerged debunking this theory. дальше »
2018-9-24 20:35 | |
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