Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Tether’s offshore operations detract from its transparency versus other stablecoins, Mike Novogratz told Bloomberg. Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrency investor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins […]

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Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications

Crypto exchange Bitfinex has reportedly moved its banking business to Hong Kong through a private account at Bank of Communications. Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16. A source familiar with the matter reportedly said that Bitfinex appears to be […]

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Bitfinex Introduces ‘New, Improved’ Fiat Deposit System Following Last Week’s Suspension

Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system shortly after temporary suspension last week. Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system, shortly after temporary suspension of deposits last week, according to an official blog post Tuesday, Oct. 16. Last week, on Oct. 11, Bitfinex temporarily halted fiat deposits […]

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