MakerDAO CTO Departs, Points to Internal Conflicts

Andy Milenius is no longer the CTO at MakerDAO, the company behind the decentralized algorithmic Ethereum-based stablecoin DAI. Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the  company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well […]

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Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations

Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency. Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency by the New York Attorney General. The news was reported by cryptocurrency news […]

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Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle

Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]

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