New York Attorney General continues to push to investigate the alleged multimillion dollar coverup involving Bitfinex and Tether. In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether […]
Continue Reading
New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. In a press release published on Dec. 12, both firms took pains to stress that the solution […]
Continue Reading
Shopin founder and former CEO Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million. The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea. As the […]
Continue Reading
Tether-affiliated crypto exchange Bitfinex is battling a new class action complaint, deemed by the firm to be both “mercenary and baseless.” Tether-affiliated crypto exchange Bitfinex is battling a new class action complaint, deemed by the firm to be both “mercenary and baseless.” In an announcement published on Nov. 24, the exchange revealed the lawsuit was […]
Continue Reading
Tether fires back at forthcoming paper that alleges that a single whale using USDT was responsible for Bitcoin’s 2017 bull run. Tether has issued a response to a recently surfaced paper that alleges that a single whale manipulated the market to cause 2017’s bull run in Bitcoin (BTC) price. The response Tether, which is behind […]
Continue Reading
A look at the history of the mysterious firm Crypto Capital and its ties to Bitfinex as court cases brew. Over the past week, news broke detailing that Oz Yosef, an executive of the mysterious firm Crypto Capital, has been indicted by the United States for conspiracy to commit bank fraud and conspiracy to operate […]
Continue Reading
Crypto Capital executive Oz Yosef, who is allegedly involved in Bitfinex’s $850 million loss, has been indicted on three criminal counts. The United States Attorney for the Southern District of New York has indicted Crypto Capital executive Oz Yosef on three criminal counts. An Oct. 23 court filing obtained by Cointelegraph confirmed that Oz Yosef […]
Continue Reading
Polish authorities arrest the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other cryptocurrency exchanges. Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities. According to local news outlet wPolityce’s report published on Oct. […]
Continue Reading
Litigation firms files lawsuit against Tether and Bitfinex, as legal experts debate whether the companies manipulated the value of USDT. At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market […]
Continue Reading
Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind […]
Continue Reading