Enterprise blockchain platform Ontology plans to launch a version of the regulated USD-backed stablecoin Paxos Standard on its chain. Enterprise blockchain platform Ontology (ONT) plans to launch a version of the regulated USD-backed stablecoin Paxos Standard (PAX) on its own blockchain. The company announced the news in a press release published on April 27. Per […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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Most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day as bitcoin holds over the $5,300 mark again. Saturday, April 27 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day to press time. Bitcoin (BTC) has pushed just over the $5,300 mark. Bitcoin […]
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Bitfinex claims that the recent allegations made about the exchange’s insolvency by the New York Attorney General are “filled with inaccuracies and false assertions.” Cryptocurrency exchange Bitfinex stated that the recent allegations by the New York Attorney General (NYAG) about the exchange’s insolvency are “filled with inaccuracies and false assertions.” The exchange made the claim […]
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Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency. Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency by the New York Attorney General. The news was reported by cryptocurrency news […]
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Crypto markets are in the red today, with bitcoin losing almost $260 on the day and significant fluctuations in the top 20. Friday, April 26 — After breaking above the $5,500 mark yesterday, bitcoin (BTC) has reported a loss of around $260 to press time. All of the top-20 cryptocurrencies other than bitcoin SV (BSV) […]
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Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]
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Members of a local church ended up buying into the Ponzi scheme after a sales pitch, the central bank confirms. A church in the Pacific nation of Samoa is at the center of scrutiny after ministers invited notorious cryptocurrency Ponzi scheme OneCoin to preach to its congregation, New Zealand-based media network Radio NZ reported on […]
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The New York Attorney General’s office has alleged that Bitfinex lost $850 million and used Tether funds to hide the loss. The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published […]
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The financial capital of the world can afford to be picky — but does it stifle fintech innovation? Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of […]
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