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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Cryptocurrency automated teller machine provider CoinFlip has postponed listing USDT as the firm wants “full assurance that USDT is stable.” Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered […]
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TrustToken has released its latest stablecoin, TrueCAD, tied to the Canadian dollar. TrustToken has released its latest stablecoin, TrueCAD, on May 1, 2019. The latest in TrustToken’s line of fiat-backed stablecoins, its value is linked to the Canadian dollar. TrustToken has also created a number of other stablecoins, such as TrueUSD (U.S. dollars), TrueGBP (British […]
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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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On-chain transaction volumes set a 14-month high in April, while Q2 2019 looks set to buck a longer downward trend. On-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 in April, industry newsletter Diar noted on April 30, quoting blockchain data provider TokenAnalyst. Continuing a trend that had already started […]
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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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Crypto exchange Bitfinex is allegedly planning to issue a native exchange token. Crypto exchange Bitfinex is allegedly planning to issue a native exchange token, a post from Bitfinex shareholder Zhao Dong to Chinese social media platform Weibo revealed on April 30. Zhao, who also runs a bitcoin (BTC) over-the-counter trading desk, has claimed that the […]
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There has been a 47% rise in cross-border payments from U.S. crypto exchanges to offshore exchanges since early 2017. There has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was reported in the latest […]
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