Brazil: Tether’s New Banking Partner Deltec Suspected of Accepting Laundered Funds

Tether’s new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo. Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust – the recently-announced new banking partner of controversial stablecoin Tether (USDT) – major Brazilian […]

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Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]

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Hodler’s Digest, Oct. 29 – Nov. 4: Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

This week in crypto, T.I. is sued for allegedly pumping and dumping a token, and Charlie Shrem is sued for alleged theft of 5,000 BTC.   Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, […]

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Controversial Stablecoin Tether Confirms New Banking Partner Deltec After Weeks of Rumors

Stalwart USD-backed stablecoin Tether is now officially “fully backed” by USD, a new statement says. The issuer of cryptographic stablecoin Tether (USDT) announced it had found a new banking partner in a statement Nov. 1, confirming rumors it would use Bahamas-based Deltec Bank & Trust. Tether, which had suffered from mixed publicity after allegations it […]

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Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the […]

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