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Thursday, April 25, 2019
CryptoCurrency News: How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations
The crypto markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following the NYAG's allegations on Bitfinex and Tether.
via CoinDesk
CryptoCurrency News: Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege in Court
New York's Attorney General has obtained a court order against crypto exchange Bitfinex's operator iFinex as well as stablecoin company Tether.
via CoinDesk
CryptoCurrency News: MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin
MakerDAO token holders have voted again to increase issuance fees on dollar-backed stablecoin DAI.
via CoinDesk
CryptoCurrency News: Tobacco Giant Philip Morris Is Building a Different Kind of ‘Public’ Blockchain
Tobacco giant Philip Morris is working on a "public blockchain," an executive said, though not quite in the commonly understood sense.
via CoinDesk
CryptoCurrency News: Mt Gox Trustee Extends Deadline to File Rehabilitation Plan
Nobuaki Kobayashi, the trustee for crypto exchange Mt Gox, has extended the deadline by which he must file a civil rehabilitation plan.
via CoinDesk
CryptoCurrency News: Leaked Letter Exposes Infighting Atop Flagship Ethereum Project MakerDAO
The non-profit entity behind ethereum’s hottest decentralized startup is wracked with infighting, a legal letter obtained by CoinDesk reveals. The letter, dated April 1, is from an attorney representing five board members of the Cayman Islands-based MakerDAO Ecosystem Growth Foundation (MEGF) who say they were pressured to resign by CEO Rune Christensen in late March. […]
via CoinDesk
CryptoCurrency News: Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers
Genesis Global Trading's cryptocurrency lending arm continues to grow, even as the number of short sellers dwindles.
via CoinDesk
CryptoCurrency News: Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain
U.K.-licensed payments platform Wirex is launching 26 fiat-backed stablecoins on the Stellar blockchain network.
via CoinDesk
CryptoCurrency News: Bitcoin Faces Deeper Price Pullback Before Rally Continuation
Bitcoin may revisit sub-$5,000 levels in the short-term, as a widely followed technical indicator is flashing a historically bearish pattern.
via CoinDesk
CryptoCurrency News: Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain
Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.
via CoinDesk
CryptoCurrency News: Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1
Blockchain payments startup Ripple has reported a 31 percent quarter-to-quarter increase in sales of XRP.
via CoinDesk
CryptoCurrency News: Banks Can’t Snub Crypto Startups Thanks to France’s New Blockchain Law
France's wide-ranging new blockchain law aims to solve a longstanding problem for crypto startups: banking, or lack thereof.
via CoinDesk
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