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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The New York State Attorney General Letitia James has requested the release of documents concerning an alleged deal made between Bitfinex and Tether. The New York State Attorney General (NYAG) Letitia James has requested the disclosure of documents concerning an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether. The NYAG’s memorandum of […]
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Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, released new material concerning an upcoming initial exchange offering. Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. […]
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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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MakerDAO leadership declares their DAI stable thanks to stability fee. DAI stablecoin, which is pegged to the United States dollar, is now in a relatively stable position, according to the president and COO of MakerDAO, Steven Becker, in an Q&A session on May 2. The transcript of the meeting, which focused on demand and supply […]
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The recent recovery in bitcoin has pushed its market cap above $100 billion. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided […]
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Sources tell the Wall Street Journal there exist multiple plans for integrating the coin into the lives of users. Social media giant Facebook is seeking investments worth $1 billion for its rumored cryptocurrency stablecoin, the Wall Street Journal (WSJ) reported on May 3. Citing people familiar with the plans, the publication revealed Facebook was currently […]
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The Hong Kong-listed blockchain investor plans to enter the cannabis market to counter the adverse impact of the crypto winter. Hong Kong-listed contractor turned blockchain investor Grandshores Technology — backed by the Hangzhou municipal government — plans to enter the medicinal and industrial cannabis market in a bid to counter the adverse impact of crypto […]
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Silicon Valley-based venture capital firm and high-profile crypto investor Andreessen Horowitz has raised $2.75 billion for two new funds. Silicon Valley-based venture capital firm and high-profile crypto investor Andreessen Horowitz has raised $2.75 billion for two new funds, according to a company announcement published on May 1. The lion’s share of the new capital will […]
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Zhao Dong has revealed details of the company’s reported plans to launch a $1 billion initial exchange offering (IEO) in the coming days. Crypto exchange Bitfinex shareholder Zhao Dong has revealed details of the company’s reported plans to issue a native exchange token, which he claims will launch via a $1 billion initial exchange offering […]
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