Tag: exchange

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

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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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Important Aspects of Stablecoins: The Difference Between Pegging, Collateralization, and Redeemability

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We know that stablecoins are backed by something. It’s time to learn how they are backed. Stablecoins have been making the headlines in recent months, attracting big investors, tempted by the allure of a on ‘non-volatile’ cryptocurrency. At first, we usually pay attention to the backing connection, in other words, to the coin’s  stabilizing mechanism. […]

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US SEC Launches ‘Strategic Hub’ to Address DLT and Digital Assets Issues

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The U.S. SEC has created the Strategic Hub for Innovation and Financial Technology which will focus on fintech-related issues, including DLT and cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub), according to an official announcement published Oct. 18. The FinHub will be run […]

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Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?

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Are Mastercard and VISA about to deem crypto and ICOs ‘high risk’? On October 12, Finance Magnates reported that payment giants Mastercard and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category. What are the consequences for those ‘high risk’ merchants? According to the publication’s undisclosed […]

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Global Security Firm G4S Announces High-Security ‘Vault Storage’ for Holding Crypto

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U.K.-based global security company G4S has announced a new high-security “vault storage” for holding crypto assets. U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding […]

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Ticketmaster to Enhance Ticketing System with Blockchain in New Partnership

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Ticketmaster has acquired blockchain-focused live events firm Upgraded to enhance its ticketing system and prevent fraudulent tickets. Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded, according to an Oct. 18 press release. Ticketmaster, a division of the world’s largest live-entertainment business Live Nation, plans to use blockchain technology through the partnership as […]

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G4S now offers vault security for the ‘wild west’ crypto market

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Guarding everything from cash transfers to prisons, it was a matter of time before international security giant G4S flexed its muscles in cryptocurrency. Yesterday (October 17) the security firm announced it now offers high-security offline digital currency storage – a result of demand from clients including an unnamed European cryptocurrency exchange itself. The company cited […]

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Cryptocurrency Loans Company Genesis Processes $550 Million in First Six Months

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Genesis Global Trading says it has seen an “incredibly strong reception” from institutional clients Institutional cryptocurrency over-the-counter (OTC) broker Genesis Global Trading revealed its loans spin-off processed over half a billion dollars in its first six months in a new report Thursday, Oct. 18. Genesis, which began its digital asset lending activities in March, revealed […]

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