After yesterday’s positive market momentum, most of the top 20 cryptos are seeing mild green on the day at press time, seeing typical growth of between 1 and 7%. Wednesday, May 1 — after yesterday’s positive market momentum, most of the top twenty cryptocurrencies are seeing mild green on the day at press time, seeing […]
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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 […]
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Five Canadian banks will employ a blockchain-based user identification system developed by tech startup SecureKey Technologies. Five Canadian banks will be employing a blockchain-based user identification system developed by tech startup SecureKey Technologies, Bloomberg reports on May 1. Per the report, the Verified.Me digital identity system is now available to clients of the Royal Bank […]
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The U.S. Attorney for the Southern District of New York has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies. The Southern District of New York Attorney has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies, according to an official announcement published on April 30. Geoffrey […]
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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 […]
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Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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Michael Albanese takes over the day-to-day running of Tradewind as of Tuesday, as the company seeks expansion. Blockchain-powered precious metals platform Tradewind has appointed an ex-JPMorgan Chase executive as its new CEO, the company confirmed in a press release on April 30. Michael Albanese, who previously worked as the bank’s Global Head of Agency Collateral […]
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More than 25% of the funds raised so far in 2019 have come from the United Arab Emirates. The United Arab Emirates (UAE) has been the world’s biggest contributor to crypto token sales so far this year, according to data recently released by CoinSchedule. More than 25% of funds raised since the start of 2019 […]
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Ledger is set to provide its secure crypto infrastructure solution to the regulated Canadian crypto exchange. French hardware wallet producer Ledger is set to provide its secure crypto infrastructure solution to regulated Canadian crypto exchange National Digital Asset Exchange (NDAX), according to a press release shared with Cointelegraph on April 29. NDAX — which offers […]
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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 […]
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