Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter. Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat […]
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In a few hours, the price of bitcoin surged past $5,700 with a 5% gain, allowing the crypto market to add $7 billion overnight. Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in […]
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Crypto regulatory experts debate state vs. federal-level regulation at MIT’s Business of Blockchain event. Three cryptocurrency experts expressed diverging views towards United States crypto regulation at a panel during the Massachusetts Institute of Technology’s (MIT) Business of Blockchain event on May 2. Wyoming Blockchain Coalition president Caitlin Long argued that digital assets are property and […]
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Changes made to the public API of Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. As Cointelegraph previously reported in March, the […]
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CME Group has reported a net income of $497 million for the first quarter, compared with $599 million this time last year. United States derivative market CME Group has reported a 17% fall in net income for the first quarter, according to a news release on May 1. Despite revenues rising over the three-month period, earnings stood […]
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Former chairman of the CFTC Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Former chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Gensler shared his views with […]
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ICE was reportedly using the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt. Intercontinental Exchange Inc (ICE) purportedly took advantage of the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt, Reuters reported on May 2. ICE’s chief executive officer […]
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U.S. CFTC chairman Christopher Giancarlo said that the “explosion in interest” in cryptocurrencies will likely lead to new applications for clearinghouses. The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the “explosion in interest” in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech […]
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Bart Chilton, a former commissioner of the CFTC, has died at the age of 58. Last weekend, Bart Chilton, a former commissioner of the United States Commodity Futures Trading Commission (CFTC) and early advocate for cryptocurrency regulation, died at the age of 58. Apart from his work for the regulator, he was best known as […]
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All but one top 20 coins by market cap are in green, with litecoin seeing the biggest gains of around 7%. Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% […]
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