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The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the … Read more
What kind of a world are we living in when bitcoin and tether, two of the stablest currencies in the cryptosphere, break out at the same time? Bitcoin is headed north while tether has taken a tumble in events that are closely linked. Of course, there’s other news in this edition of The Daily, like … Read more
Crypto exchange Bitfinex has suspended all fiat currency wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling, says they will resume “within a week” Go to Source Powered by WPeMatico
The Liquid Network, a sidechain liquidity solution for the Bitcoin network, has generated its first block Go to Source Powered by WPeMatico
Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the exchange is “insolvent” or facing banking issues Go to Source Powered by WPeMatico
Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” asserts a … Read more
Details of recent EOS scandal: why governance system might be flawed, community and developer reaction, and Vitalik’s “I told you so” Go to Source Powered by WPeMatico
Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same … Read more
In recent news pertaining to cryptocurrency exchanges, Noble Bank is looking to sell after reportedly losing Bitfinex and Tether as clients, Bitmex has announced the former compliance head of Hong Kong Exchanges and Clearing Limited as its new chief operating officer, and Huobi’s director of research into blockchain applications has discussed the company’s goals for … Read more
At press time, the bitcoin price is unchanged from yesterday and the day before and is still hovering in the $6,500 range. The currency is keeping its distance from both the bulls and the bears; digging its heels deep into the dirt and refusing to move in any direction for the time being. One source … Read more
