Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers
Tether does not have the fiat reserves to back its tokens, lawyers say Go to Source Powered by WPeMatico
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Unconfirmed: Bitfinex Alleged to Be Mulling Launch of Exchange Token Via IEO
Crypto exchange Bitfinex is allegedly planning to issue a native exchange token, a post from Bitfinex shareholder Dong Zhao has ostensibly revealed Go to Source Powered by WPeMatico
Top 5 Crypto Performers: BTC, XEM, BSV, ETH, BNB
As markets react to the Bitfinex/Tether scandal, let’s take a look at the top 5 crypto performers this week Go to Source Powered by WPeMatico
Hodler’s Digest, April 22–28: Top Stories, Price Movements, Quotes and FUD of the Week
This week in the Hodler’s Digest, Bitfinex and Tether land in hot water, and Samsung may be thinking about a Samsung Coin Go to Source Powered by WPeMatico
Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal
Both Bitfinex and Tether are in deep trouble due to allegedly misusing funds — learn more about one of the biggest crypto scandals of 2019 Go to Source Powered by WPeMatico
The Burst of the Bitcoin Bubble: An Autopsy
An analysis of the bitcoin price movements and what tether and Bitfinex have to do with them, from a leading Italian economist Go to Source Powered by WPeMatico
NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users
The allegations made by the New York Attorney General about Bitfinex are “filled with inaccuracies and false assertions,” the exchange claimed in a recent letter to users Go to Source Powered by WPeMatico
Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations
Two shareholders of the exchange said they are not concerned by the recent allegations of Bifinex’s insolvency Go to Source Powered by WPeMatico
Markets Update: Crypto Bulls Lose Footing After Stablecoin Controversy
Cryptocurrencies dropped in value yesterday after the New York Attorney General’s court filings against Bitfinex and Tether were published. Currently, the entire market capitalization is roughly $170 billion and most cryptocurrencies have lost 2-10% of their value since the announcement. Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs … Read more
Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle
Bitfinex has withdrawn funds worth almost $89 million from its cold wallets in the wake of the U.S. Attorney General’s accusations of covering up an $850 mln funding gap Go to Source Powered by WPeMatico
