2022-4-1 01:11 |
The days of murky stablecoin reserves might soon be over. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
The 3 best cryptos to buy now picked up a fresh institutional anchor this week. Morgan Stanley opened the Stablecoin Reserves Portfolio on April 24, a regulated $1 NAV money market vehicle holding stablecoin reserve assets under the GENIUS Act framework, per CoinDesk.
2026-4-28 04:30 | |
|
|
The top crypto to buy now picture shifted on April 24 when Morgan Stanley rolled out its Stablecoin Reserves Portfolio, giving issuers a regulated home for reserves that already back roughly $316 billion in stablecoin float, CoinDesk reports.
2026-4-28 23:30 | |
|
|
Kwon also bullishly emphasized that its stablecoin TerraUSD backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.”
2022-3-17 07:18 | |
|
|
Tether, the number one Stablecoin issuer, has released its attestation for the last quarter of 2021 yesterday, and there were lots of interesting figures. Tether slashes commercial paper holdings The USDT issuer has reduced its reserves allocation to commercial paper by over 20%.
2022-2-24 21:00 | |
|
|
A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.
2020-7-4 19:05 | |
|
|
The man behind the new Aussie dollar stablecoin, said the big four banks were not “allowed” to hold the fiat reserves for the cryptocurrency
2020-3-22 03:00 | |
|
|
Another batch of the Coinbase-backed USD Coin (USDC) has just been minted. $1. 5M worth of USDC will soon be entering the market. USD Coin (USDC), a stablecoin backed by Coinbase and Circle, has been quickly ramping up its issuances as it expands its reserves.
2019-12-17 16:04 | |
|
|
A Canadian company, Blockchain Venture Capital Inc. , has developed a stablecoin, CADT, pegged to the Canadian Dollar as the country celebrated Canada Day. Like all stablecoins, CADT will be pegged 1:1 with the Canadian Dollar and will have reserves backing it.
2019-7-2 15:30 | |
|
|
While Binance DEX only supports tokens built on Binance Chain, Binance's own blockchain, the decentralized exchange will now support bitcoin trading with a newly created token pegged to the bitcoin.
2019-6-17 19:05 | |
|
|
Tether is a cryptocurrency pegged to traditional fiat currencies and backed 1:1 by reserves of these traditional currencies held in accounts by Tether. The post What is Tether? Is the USDT Stablecoin Legit? appeared first on CoinCentral.
2019-5-29 19:16 | |
|
|
By CCN: Far from a first, California Democrat Rep. Eric Swalwell is accepting Bitcoin donations for his dark-horse bid to knock off Donald Trump in the 2020 presidential election. More significantly, the bombastic congressman wants to usher in a blockchain revolution after he vanquishes Trump from the White House.
2019-5-24 21:36 | |
|
|
It appears that contrary to its marketing promises, Tether – a cryptocurrency pegged to the US dollar – used some of its dollar reserves to buy Bitcoin. The stablecoin issuer, which shares management and ownership with cryptocurrency exchange service Bitfinex, has admitted it used its reserves to invest in Bitcoin and other “assets,” according to court transcripts obtained by The Block.
2019-5-22 11:12 | |
|
|
Bitfinex and its associated stablecoin Tether, as a part of the ongoing investigation into its finances, has revealed in… The post Confirmed: Tether Used Its Reserves To Pump Bitcoin Market appeared first on Invest In Blockchain.
2019-5-22 08:02 | |
|
|
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
|
|
A new court filing revealed that stablecoin issuer Tether said that it had invested some of its reserves in bitcoin
2019-5-22 22:25 | |
|
|
After finding out at the end of April that Tether's USDT was only about 74 percent backed by its reserves, the stablecoin issuer has now admitted to investing some of its cash reserves in bitcoin.
2019-5-21 21:33 | |
|
|
The latest third-party audit of its USD-pegged stablecoin USD Coin has been published by Goldman Sachs-backed crypto finance startup Circle
2019-5-19 20:48 | |
|
|
TrueUSD stablecoin recently went through a third-party audit. The audit verified that the platform indeed has U. S. dollar reserves sufficient to back the TUSD in circulation. An independent accounting firm released the results of the audit in an Independent Accountant’s Report.
2019-5-18 08:50 | |
|
|
In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
|
|
Last week, the New York Attorney General (NYAG) launched an investigation into Tether, arguably the most controversial stablecoin in the crypto space, over an alleged $850 million fraud. Tether’s legal counsel have since admitted that the stablecoin is now only 74% backed by it’s asset reserves.
2019-5-17 19:20 | |
|
|
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
|
|
Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).
2019-5-8 18:33 | |
|
|
As Tether/Bitfinex controversy continues to brew, the oldest stablecoin, a new twist to the tale brings the US-based cryptocurrency exchange, Kraken into the pot. According to the recent Diar report, Tether reserves dropped by 26%, following which, the stablecoin’s “arbitrage opportunities” increased by 5% on one of the leading exchange, Kraken.
2019-5-8 21:30 | |
|
|
Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
|
|
In case you’ve been away, there’s been a bit of a hoo-hah regarding Tether over the past week or so. This has now descended into open calls for Binance and other exchanges to delist ‘the original stablecoin’.
2019-5-4 16:00 | |
|
|
Stablecoins may be the least exciting tokens in the world of cryptocurrency, but even these projects have their share of drama. Last week, the New York Attorney General’s Office accused Bitfinex of masking $850 million in losses with the reserves of their stablecoin, Tether.
2019-5-2 00:57 | |
|
|
The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million.
2019-5-1 19:30 | |
|
|
By CCN. com: The bitcoin price has increased from $5,173 to $5,297 on major regulated crypto exchanges including Coinbase in the past 24 hours, by 2. 3 percent. Major crypto assets such as Litecoin and Bitcoin Cash spiked by 4 to 11 percent against the U.
2019-5-1 13:52 | |
|
|
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.
2019-5-1 01:22 | |
|
|
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.
2019-5-1 21:19 | |
|
|
Tether does not have the fiat reserves to back its tokens, lawyers say
2019-4-30 19:36 | |
|
|
Tether [USDT], the eight-largest cryptocurrency by market cap, has been one of the most controversial coins in the market. The the coin’s journey has tumultuous from being a stablecoin pegged against the US Dollar to not being one.
2019-4-29 18:00 | |
|
|
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.
2019-4-27 01:30 | |
|
|
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.
2019-4-26 23:00 | |
|
|
By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile.
2019-4-20 21:59 | |
|
|
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 […]
2019-4-18 14:51 | |
|
|
Tether, the largest stablecoin by market capitalization, has issued over $300 million in USDT during the last week. The sudden increase in supply has resulted in accusations that Tether is, once again, engaging in market manipulation and that its stablecoin is still unbacked by dollar reserves.
2019-4-14 17:50 | |
|
|
By CCN. com: Canadian cryptocurrency exchange Coinsquare has announced plans to launch a CAD-pegged stablecoin. To be known as the eCAD, the stablecoin will be exchanged for the Canadian dollar on a 1:1 basis.
2019-4-6 16:20 | |
|
|
Coinsquare plans to add a new stablecoin backed by fiat reserves to encourage wider cryptocurrency adoption.
2019-4-5 14:03 | |
|
|
The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.
2019-3-29 16:26 | |
|
|
Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves.
2019-3-26 10:42 | |
|
|
Circle is the provider of the USDC stablecoin, which is required to maintain a 1:1 ratio with the company’s liquidity at all times. The company posted a blog today to announce the publication of their attestation report, vouching for their US dollar reserves.
2019-3-19 14:06 | |
|
|
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.
2019-3-17 19:40 | |
|
|
On Wednesday, investors in Tether, the most dominant stablecoin in the crypto market, pointed out a change in the stablecoin’s Terms of Service and Risk Disclosure which described that its USD reserves will be composed of loans issued by Tether, not solely by cash.
2019-3-14 19:48 | |
|
|
Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
2019-3-14 16:20 | |
|
|
Bitcoin has long been nicknamed “digital gold,” referencing its value as an asset. However, the use of precious metals is something that Paxos has taken to heart as something it can offer. Having already launched a stablecoin several months ago, which is tied to cash reserves, CEO Chad Cascarilla confirmed to Fortune that a digital […]
2019-3-12 18:05 | |
|
|
Tether may still be the stablecoin standard, but it has rivals in the race for transparency. TrustToken is celebrating the one-year anniversary of TrueUSD with a set of new standards for the third-largest stablecoin—including the ability to verify dollar reserves in real time.
2019-3-5 20:00 | |
|
|
A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.
2019-2-2 02:40 | |
|
|
Circle releases yet another third-party audit report of the USD reserves backing its stablecoin, USDC
2019-1-17 16:18 | |
|
|
The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.