Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, released new material concerning an upcoming initial exchange offering. Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. […]
Continue Reading
In a few hours, the price of bitcoin surged past $5,700 with a 5% gain, allowing the crypto market to add $7 billion overnight. Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in […]
Continue Reading
Two New Zealand churches have denied allowing a crypto Ponzi scheme to preach to their congregations, and say they are launching legal action. A New Zealand church accused of colluding with a cryptocurrency Ponzi scheme in targeting the congregation, has denied knowingly participating in illegal activity in a Facebook statement on May 2. The Samoan Independent Seventh Day […]
Continue Reading
Zhao Dong has revealed details of the company’s reported plans to launch a $1 billion initial exchange offering (IEO) in the coming days. Crypto exchange Bitfinex shareholder Zhao Dong has revealed details of the company’s reported plans to issue a native exchange token, which he claims will launch via a $1 billion initial exchange offering […]
Continue Reading
Cryptocurrency automated teller machine provider CoinFlip has postponed listing USDT as the firm wants “full assurance that USDT is stable.” Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered […]
Continue Reading
The recent indictment of two individuals on multiple counts reveals an apparent connection to two crypto exchange scandals. The April 30 indictment of two individuals on multiple counts — including bank fraud and operating an unlicensed money transmitting business — reveals an apparent connection to the shadow banking services that were used in two recent […]
Continue Reading
The news follows removal of suggestions Tether had full fiat backing, while a fresh legal case rumbles on. The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New […]
Continue Reading
Crypto exchange Bitfinex is allegedly planning to issue a native exchange token. Crypto exchange Bitfinex is allegedly planning to issue a native exchange token, a post from Bitfinex shareholder Zhao Dong to Chinese social media platform Weibo revealed on April 30. Zhao, who also runs a bitcoin (BTC) over-the-counter trading desk, has claimed that the […]
Continue Reading
Andy Milenius is no longer the CTO at MakerDAO, the company behind the decentralized algorithmic Ethereum-based stablecoin DAI. Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well […]
Continue Reading
Bitfinex and Tether deny the New York attorney general’s claims of a lost $850 million, and Samsung considers a Samsung Coin. Top stories this week Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York attorney general’s office alleged this week that crypto exchange Bitfinex lost $850 million and subsequently used funds from […]
Continue Reading