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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 | |
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“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC
Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin. дальше »
2019-5-2 23:21 | |
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Malaysian City To Run Completely on Cryptocurrency, Project Backed By Chinese Government To Raise $120M
Imagine a city whose entire infrastructure is based on blockchain technology, where cryptocurrency is the only means of payment.… The post Malaysian City To Run Completely on Cryptocurrency, Project Backed By Chinese Government To Raise $120M appeared first on Invest In Blockchain. дальше »
2019-5-1 18:31 | |
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Controversial stablecoin Tether is only 74 percent backed by cash (and other assets)
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2. дальше »
2019-5-1 13:19 | |
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A Bitcoin (BTC) Bull Run Is Inbound, Long-Term Trends Show
Bitcoin May Soon Rally Strongly Again Bitcoin (BTC) may have collapsed by 7% last week off news that Tether’s USDT might not be entirely backed, but one long-term-centric analyst argues that technicals still look bullish. дальше »
2019-5-1 04:02 | |
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Tether and Bitfinex confirm USDT is not fully backed by fiat, only 74% of tethers backed with cash
Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are “subject to the risk of default, insolvency, inability to collect, and illiquidity. дальше »
2019-5-1 02:56 | |
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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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Crypto Community Reacts to Tether Admitting USDT Not Fully Backed
According to the company behind it, stablecoin USDT is not fully backed by fiat currency deposits. It was revealed today that the controversial crypto asset firm Tether only holds around 74 percent of the total value of USDT’s current circulating supply. дальше »
2019-5-1 00:00 | |
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Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?
By CCN. com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. дальше »
2019-5-1 23:36 | |
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Tether Stablecoin Only Has 74% of USDT Backed by Cash and Fiat Equivalents, Says Legal Counsel
Tether has been experiencing some major negative attention lately after rumors started circulating about how the stablecoin is actually backed. However, it looks like Tether’s general counsel is coming out of the woodwork with a little more honesty, as he has confirmed that there is 74% of the stablecoin’s liquidity that is backed by fiat […] дальше »
2019-5-1 22:03 | |
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Report: Tether USDT Only 74 Percent Backed by Fiat
Tether, the company behind the USDT stablecoin, has released a document detailing its fiat holding to support the currency. According to the report, prepared and issued by the company’s lawyers, Tether only has cash reserves. дальше »
2019-5-1 21:19 | |
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Tether Not Fully Backed
In an affidavit containing the subheading "Tether Holders Are Not at Risk,” Stuart Hoegner, a lawyer representing Tether, admits that the company only has the fiat reserves to back about 74 percent of its coins. дальше »
2019-5-1 21:04 | |
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Revolut Attempts to Wash the Sins amidst Increasing Controversy
Backed by leaked internal messages, Revolut’s senior staff has been accused of attacking critics for speaking against them while job applicants complained about the company demanding them to fulfill requirements such as getting ten users to sign-up on their platform to qualify for the job, WIRED reported April 29, 2019. дальше »
2019-4-30 19:00 | |
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Bakkt Acquires New Crypto Custody Service DACC
Bakkt, the digital asset ecosystem backed by Intercontinental Exchanges (ICE), has just announced the acquisition of the Digital Asset Custody Company (DACC) along with several other updates to boost the company’s credentials and operations. дальше »
2019-4-30 02:18 | |
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Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch
By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102. дальше »
2019-4-30 21:28 | |
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Ontology To Power Paxos, One of the Most Popular Crypto Stablecoin
The Ontology (ONT) project will have the US Dollar backed PAX stablecoin launch on its blockchain, the project announced… The post Ontology To Power Paxos, One of the Most Popular Crypto Stablecoin appeared first on Invest In Blockchain. дальше »
2019-4-29 12:07 | |
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DiamDEXX: Buy Physical Diamonds with Cryptocurrencies?
What Is DiamDEXX? DiamDEXX is a decentralized platform that seeks to establish a new standard of value in the cryptocurrency world through empowering individuals and investors to purchase, own, and store real diamonds backed by a stable token. дальше »
2019-4-28 12:39 | |
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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 Turmoil Twist: Stolen Reserves Proves Crypto Stablecoin Was Once Backed
The crypto community is in an uproar following the New York State’s Attorney General’s office accusation that prominent crypto exchange Bitfinex – tied closely to the controversial stablecoin Tether – had hidden a $850 million loss at the hands of a capital management company. дальше »
2019-4-26 23:00 | |
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TUSD Announces New Stablecoins For Australia, Canada, Hong Kong And Europe
TUSD Announces New Coins For Australia, Canada, Hong Kong, And Europe TrustToken shared on Twitter and announced on Medium its “Expansion into four new cryptocurrency stablecoins backed by Australian dollars (TrueAUD), Euros (TrueEUR), Canadian dollars (TrueCAD), and Hong Kong dollars (TrueHKD). дальше »
2019-4-26 21:10 | |
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India is reportedly looking to ban cryptocurrencies once and for all
India’s government is once again looking to ban cryptocurrencies and regulate official digital currencies. According to a report by India’s Economic Times, the government has kickstarted inter-ministerial consultations on a draft bill, which has reportedly been shared with relevant government departments. дальше »
2019-4-26 12:49 | |
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Samsung-Backed Blockchain Firm Blocko Partners With Hyundai AutoEver For Car History Tracking
Blocko And Hyundai Team Up To Build A Platform To Track Used Cars History The Blocko, a blockchain provider that has been backed by the famous Samsung, just announced that they have signed a Memorandum of Understanding (MOU) with Hyundai AutoEver. дальше »
2019-4-25 20:21 | |
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John McAfee Pauses Plan To Reveal Satoshi Nakamoto’s Identity
John McAfee, a popular figure within the tech and cryptocurrency sector told Bloomberg that he has spoken with Satoshi Nakamoto, the creator of Bitcoin. He added that he plans to reveal the identity of the person. дальше »
2019-4-25 17:29 | |
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Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso
Bitspark will release a Philippine Peso backed stablecoin for money transfers dubbed “peg.PHP”
дальше »2019-4-25 12:14 | |
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Netherlands: Odyssey Announces Winners Of 2019 Blockchain And AI Hackathon
Odyssey, a blockchain and artificial intelligence (AI) hackathon backed by the Dutch government, has announced the winners of this year’s competition. 60 jury panel members elected 19 winning teams. дальше »
2019-4-25 11:04 | |
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BlockFi Lowers Investment Threshold for Earning Bitcoin Interest
Bitcoin prices may be dropping, but one cryptocurrency-based lending startup is looking to expand the appeal of digital assets. BlockFi, which is backed by the Winklevoss Twins’ cryptocurrency conglomeration Gemini, has agreed to lower the. дальше »
2019-4-25 01:43 | |
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ConsenSys-backed Nuo Network Crypto Lending Platform Becomes Asia’s Biggest with $2 Million in Reserves
Nuo. Network Becomes the Largest Lending Platform in Asia ConsenSys ventures backed Nuo. Network, which is a non-custodial lending platform recently made it to the top 5, dollar Defi (Decentralized Finance) projects and it presently the largest lending platform based in Asia. дальше »
2019-4-24 15:52 | |
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Singapore-Rooted Crypto Custody Company Onchain Custodian Attracts Big League Investors
The crypto coin custodial service provider referred to as Onchain Custodian has announced that they have finally started the onboarding services. Onchain recently launched this service in Singapore about two weeks ago, a company that has been backed by several companies; this is the likes of Chinese conglomerate Fosun and the Google investors Sequoia Capital. […] дальше »
2019-4-24 13:52 | |
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TD Ameritrade is testing Bitcoin [BTC] and Litecoin [LTC] trading on its brokerage platform, says Charlie Lee
Nasdaq, the second largest stock exchange in the world, is reportedly testing the trade of Bitcoin-based products on its platform. A Twitter user named, Cryptopolis, claimed the purchase of one Bitcoin [BTC] via TD Ameritrade account, on the social media platform. дальше »
2019-4-23 18:24 | |
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Crypto custodian ONC backed by Sequoia reveals first customers and partners
CryptoNinjas Following its successful service launch, Onchain Custodian (ONC), the digital asset custodian backed by Sequoia, Fosun, and DHVC, announced today the on-boarding of its first customers and the establishment of important partnerships. дальше »
2019-4-23 10:03 | |
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Crypto custodian backed by Sequoia ONC reveals first customers and partners
CryptoNinjas Following its successful service launch, Onchain Custodian (ONC), the digital asset custodian backed by Sequoia, Fosun, and DHVC, announced today the on-boarding of its first customers and the establishment of important partnerships. дальше »
2019-4-23 10:03 | |
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BitMEX Research Informs Bitcoin SV Is Not Reliable For Payments Due to Security Issues
Bitcoin SV (BSV) seems to be affected by block reorganization attacks. The digital currency backed by Craig Wright has some issues with is security. According to BitMEX Research, on April 18, their Bitcoin Cash SV node experienced 2 block re-organizations. дальше »
2019-4-21 19:04 | |
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John McAfee Supports Bitcoiin2G (B2G), the Digital Asset Backed by Steven Seagal
John McAfee seems to be supporting the controversial Bitcoiin2G (B2G) which was already supported by Steven Seagal. The B2G digital currency conducted a pyramid scheme that pushed the State of New Jersey to ban the promotion of this digital asset. дальше »
2019-4-21 01:43 | |
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Samsung-Backed Startup Blocko Launches Hybrid Blockchain Aergo Enterprise
Blocko, a South Korean startup backed by Samsung, has launched its hybrid blockchain Aergo Enterprise and initiated a migration program for clients using its private blockchain product Coinstack, which the company will officially be retiring, it said in a release earlier this week. дальше »
2019-4-21 00:28 | |
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Nearly All American Seniors Don’t Know or Want Bitcoin: But It’s Not a Concern
It isn’t a secret that Bitcoin (BTC) doesn’t really tick with the elderly population. Warren Buffett and Nouriel Roubini are the perfect examples of that demographic’s aversion to crypto assets, backed by a technology that most can’t explain, or conceptually comprehend for that matter. дальше »
2019-4-19 14:00 | |
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Kabul Considering Raising Billions Through a Lithium Backed Crypto Bond
Afghanistan is apparently rich in minerals and has an estimated $3 trillion in reserves, including lithium which has suddenly become very valuable due to its use in lithium powered batteries.... дальше »
2019-4-18 16:01 | |
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World’s first collectible art lottery card [ETHER-ARTS] will give direct Ethereum reward to its owners
Ether-arts is an ERC721 standard backed art lottery ticket, which combines art and games. Based on the Ethereum blockchain, this new collectible can provide direct Ethereum compensation to the participants. дальше »
2019-4-17 14:30 | |
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Users Turn Away From Poloniex, Goldman Sachs-Backed Cryptocurrency Exchange
Poloniex, a cryptocurrency exchange owned by Circle and backed by Goldman Sachs, has angered Bitcoin Cash (BCH) supporters by… The post Users Turn Away From Poloniex, Goldman Sachs-Backed Cryptocurrency Exchange appeared first on Invest In Blockchain. дальше »
2019-4-16 20:07 | |
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Bitmex CEO: ‘You’ll Be Able to Use Bitcoin and Purchase the S&P 500’
Bitmex CEO, Arthur Hayes, revealed that his platform wants to launch Bitcoin-backed short term bonds. He also wants to allow buying S&P 500 and Nasdaq QQQ indices with BTC, particularly by people in emerging markets. дальше »
2019-4-15 12:30 | |
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Top Gainers: Tezos [XTZ], Bitcoin Cash [BCH] and Litecoin [LTC] surge as collective market turns green
Bitcoin’s [BTC] early-April price rally met its first obstacle last week when a market correction dragged the top coin below $5,200 and the global coin market cap under $180 billion. Now, it seems like the bears have backed off, with the market trading in green with a few coins spearheading the bullish charge. дальше »
2019-4-15 09:14 | |
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