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…
Maand: april 2019
Coinbase Custody Now Supports Mainnet KIN Tokens
Coinbase Custody announced immediate support for mainnet KIN tokens Source: Cointelegraph.com Original Post: Coinbase Custody Now Supports Mainnet KIN Tokens
ConsenSys Spinoff Truffle Integrates With Goldmans Sachs-Supported Blockchain: Report
Truffle is reportedly integrating with AxCore, a proprietary blockchain jointly created by Goldman Sachs and Axoni Source: Cointelegraph.com Original Post: ConsenSys Spinoff Truffle Integrates With Goldmans Sachs-Supported Blockchain: Report
Despite Crypto Winter, US Bitcoin Awareness, Knowledge, and Perception Increased “Dramatically” Since 2017
Research suggests that Bitcoin is more fully understood and accepted today across US society than it was at the height of the bull market of 2017. According to a recent study, young…
Is Binance’s Changpeng Zhao the ‘Zuckerberg’ of Crypto?
Believable parallels have been drawn between Binance CEO Changpeng Zhao and Mark Zuckerberg of Facebook on podcast #74 of Coin Talk hosted by Aaron Lammer & Jay Caspian Kang, titled “When Trolls Get Rekt.”…
Venezuela’s Maduro Is Running Out Of Time. So Is His Petro
By CCN: The petro token, one of the last financial schemes crafted by Venezuelan President Nicolás Maduro, will likely fall by the wayside like his regime if the uprising against him is…
Ripple (XRP) Climbs Back Above Trend Line Resistance To Retest 50 DMA
Ripple (XRP) had declined below a critical trend line support. The price tested this support as resistance but struggled to break past it for days. Now, the price is finally above it…
Amazon Web Services Launches Managed Blockchain Service
Amazon Web Services has made its blockchain-as-a-service, Amazon Managed Blockchain, generally available Source: Cointelegraph.com Original Post: Amazon Web Services Launches Managed Blockchain Service
Bitfinex Might be Planning to Issue an Exchange Token
Zhao’s suggestion has had a lot of mixed reactions on Weibo, with several people being skeptical about the exchange token. Hong Kong-based cryptocurrency exchange, Bitfinex, plans to issue a proprietary exchange token….
Coinbase Ventures invests in Matic Network; platform will integrate USDC and DAI
Coinbase, a leading cryptocurrency exchange, has always been one of the highlights of the cryptocurrency space. The platform has yet again taken the spotlight with news of its venture fund investing in…
Ripple Surges After Nasdaq Adds XRP Liquidity Index, Will Growing Adoption Propel It Higher?
Over the past several months many cryptocurrencies have incurred relatively large gains that have put a significant amount of distance between their current prices and their 2018 lows. But much to the…
Bernie Sanders Shows His True Colors in ‘Avengers’-Fueled Disney Diss
By CCN: Democratic socialist Bernie Sanders is having a slight beef with the Disney entertainment company after ‘Avengers: Endgame’ earned approximately $1.2 billion in its opening weekend. In a recent message on…
Threats on Voat, Censorship-Free Reddit, Heat Up
Justin Chastain, CEO of Voat, a censorship-free Reddit, said that American authorities contacted him regarding death threats posted by users on the platform. Following this, the CEO requested users to “chill on…
Tether Lawyer Confirms USDT Is 74% Backed By Cash And Other Assets
The most popular stablecoin Tether (USDT) is not fully backed, according to its lawyer. The general counsel of USDT issuer explained that the stablecoin is only 74 percent […] The post Tether…
Bitcoin proponent John Carvalho calls BitGo ‘one of the world’s most dangerous companies’
The latest Bitfinex-Tether fiasco caused a stir in the cryptocurrency community after the New York Attorney General’s [NYAG] office issued a lawsuit against Tether Limited, the issuer of the USDT token, and…
Loyakk announces huge token burn
The Loyakk Vega enterprise relationship management platform has recently announced that it will burn 1/5 of its circulating token supply. This announcement comes on the back of Loyakk completing its token…
Enjin and CoinSwitch Announce Massive Partnership
In the past three months, Enjin, the Singapore-based company focused on online gaming and the cryptocurrency sector, has struck multiple partnerships. The new one with CoinSwitch is no less promising. In an exclusive press-release for…
Prediction: 20 Percent of Leading Global Grocers to Use Blockchain by 2025
According to Gartner, Inc., 20 percent of the top 10 global grocers will use blockchain by 2025 Source: Cointelegraph.com Original Post: Prediction: 20 Percent of Leading Global Grocers to Use Blockchain…
New York District Attorney Charges Two for Shadow Banking Crypto Companies
An Arizona man and Israeli woman have been charged with allegedly operating an unlicensed money transferring business for crypto firms Source: Cointelegraph.com Original Post: New York District Attorney Charges Two for…
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…