Cryptocurrency researcher Alex Kruger analyzed the situation around the Bitfinex exchange and its related companies, and came to the conclusion that the stablecoin Tether (USDT) is provided with currency reserves only 75%. Based on the information provided in official documents, Kruger in a series of tweets briefly describes the sequence of events around a well-known trading platform. The first thing he notes about Bitfinex is, indeed, […]
New York
About 550 Bitcoins, abducted from Bitfinex in 2016 and still located at addresses of unidentified hackers, were set in motion the day before. It is noteworthy that it happened shortly before the prosecutor's office of the State of New York charged the exchange that it concealed the fact of loss of about $ 850 million, using the issuer's funds to cover the damage […]
The New York State Prosecutor’s Office brought charges against Bitfinex to the cryptocurrency exchange that, having suffered a loss of $ 850 million, it concealed this fact, using the funds of its affiliated issuer steyblokoin Tether to cover the damage. The exchange itself categorically denies these allegations, but the news still caused a sharp decline in the price of Bitcoin. About obtaining a court order against iFinex […]
The Tokyo District Court approved the petition of the trustee of the bankrupt Mt.Gox Bitcoin Exchange Nobuaki Kobayashi to extend the consideration of creditors ’applications for compensation and postponed the filing of the final civil rehabilitation plan until October 28. 20190425 Announcement Entered by schteringard on Scribd Note, Kobayashi was supposed to submit a civil rehabilitation plan on April 26, but asked for more time to review the rejected applications. […]
Leading European crypto-exchange Bitstamp and South Korean Korbit can become the property of The Walt Disney Company, one of the largest conglomerates of the entertainment industry. It is reported by Bitcoinist, with reference to the Korea Herald. Currently, Disney is one of the main contenders for a 98.6% share of the largest South Korean game maker Nexon. The latter is one of the key assets of the company […]
Bithumb, one of the largest Bitcoin exchanges in South Korea, in the foreseeable future, may begin to offer services to residents of the United States and Japan. About this in an interview with Cointelegraph said BC Kim, CEO of the Blockchain Exchange Alliance (BXA), which owns the controlling package in Bithumb. According to him, the BXA strategy consists in the so-called reverse merger, involving the purchase of a company whose shares are already […]
The Bakkt cryptocurrency platform from the Intercontinental Exchange (ICE) financial corporation intends to obtain permission to operate in the state of New York from the Financial Services Authority (NYDFS). If Bakkt gets BitLicense for custodial service, this can be a weighty argument in negotiations with the US Commodity Futures Trading Commission (CFTC), which has not yet given the green light to launch the delivery […]
Belonging to the Winklevossam brothers, Gemini Bitcoin Exchange confirmed the full support of the Segregated Witness (SegWit) protocol, including the bech32 native addresses and transaction batching. As stated in the company's blog, in this way the New York Stock Exchange became the first major cryptocurrency platform that can boast of such a function. Very proud of our team! @Gemini becomes the first major exchange to […]
The famous Harvard University became one of the investors of the New York blockchain-company Blockstack, directly investing up to $ 10 million in the project. In particular, this was noticed by Anthony Pompiano, CEO of the Morgan Creek Digital Asset Management Fund. BREAKING: Harvard's endowment invested $ 5M – $ 10M directly into Blockstack's token sale. This means that one of the leading university endowments is […]
The New York State Financial Services Authority (NYDFS) rejected the Bittrex Bitcoin Exchange (Seattle, USA) application for a license to conduct virtual currency activities (BitLicense). The ministry considers the company's policy of legal compliance to be inadequate or completely non-existent, and the competence of the authorized top manager is questioned. Within the framework of the cooperation, NYDFS sent Bittrex several letters in which they outlined the shortcomings, in particular […]