The Bitfinex-Tether Allegations Explained

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Aoyon Ashraf is managing editor with more than a decade of experience in covering equity marketsJoin the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.CoinDesk Indices, a CoinDesk subsidiary, and crypto exchange Luno have…

Sep 21, 2020 at 08:48 UTCUpdated Sep 21, 2020 at 08:54 UTCPeople's Bank of China HQ in Beijing (humphery/Shutterstock)China Sees Advantages in Being First on New Digital Currency ‘Battlefield’Unlike many other central banks, China’s sees concrete benefits in being the first to launch a digital currency, according to China Finance, a magazine from the People’s…

NEWS Sep 29, 2018 at 10:29 UTC Digital asset management firm Arrington XRP Capital may be poised to cease funding any U.S.-based startups. Partner and founder Michael Arrington tweeted Friday morning that the company had "received a second subpoena" from the U.S. Securities and Exchange Commission (SEC) due to the firm's role as an investor in a…

Sep 14, 2020 at 09:31 UTCUpdated Sep 14, 2020 at 09:35 UTCCar shipment (asikkk/Getty Images)With Iran’s national currency, the rial, suffering from hyperinflation, some in the nation are proposing locally mined cryptocurrency might be a way to fund car imports. ArzDigital reported that Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, said he…

Aave holders are voting on a governance proposal to convert $3 million worth of ether (ETH) to wstETH and rETH.The Aave token is up by 7.24% in the past 24 hours.The proposal has 252,000 votes out of a required 320,000 at press time and closes in two days.Holders of decentralized finance (DeFi) token Aave are…

The MOODENG token, inspired by the Thai baby hippo Moo Deng, experienced a nearly 500% price increase in 24 hours. Vitalik Buterin mentioned the memecoin on his social media post and sold 10 billion MOODENG tokens for 308.69 ETH, donating the proceeds to charity. Buterin also said "... best thing for memecoins is if they

Jun 18, 2020 at 10:29 UTCUpdated Jun 18, 2020 at 10:33 UTCMining machines Credit: ShutterstockBitcoin Miner Maker Ebang Estimates $2.5M Loss for Q1 in IPO Prospectus UpdateChinese bitcoin miner manufacturer Ebang estimates it incurred a net loss of $2.5 million on a revenue of $6.4 million for Q1 2020. The financial disclosure was posted Wednesday…

Total miner revenue is currently about triple the pre-halving level, the report noted.The spike in network fees indicates the level of developer interest in Bitcoin, and the fee revenue potential for miners, Bernstein said.The broker expects 15% of miner revenues to be network transaction fees on a sustainable basis.Since the reward halving of bitcoin (BTC)

Binance, the world's largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, which include the recently beleaguered tether (USDT). "We hope to be able to list a few more stablecoins on our platform," chief financial officer Wei Zhou told CoinDesk Thursday. But that…