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Month: April 2019

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

30.04.2019 – by admin

The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel. Tether, the company behind USDT, holds about $2.1 billion in cash and short-term securities, wrote its general counsel Stuart…

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report

30.04.2019 – by admin

Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users’ funds. Motherboard reported Tuesday that hackers had managed to gain access to Microsoft customer support employee’s accounts in recent weeks, after which they were able to…

HTC Plans to Launch Another Blockchain Phone This Year, Exec Says

HTC Plans to Launch Another Blockchain Phone This Year, Exec Says

30.04.2019 – by admin

Taiwanese consumer electronics firm HTC is doubling down on its mission to offer blockchain features to its cellphone customers. HTC decentralized chief officer Phil Chen said at a recent event in Taipei that the company is preparing to release a…

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

29.04.2019 – by admin

Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50. Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort…

SEC Temporarily Suspends Trading in Little-Known Bitcoin Miner’s Shares

SEC Temporarily Suspends Trading in Little-Known Bitcoin Miner’s Shares

29.04.2019 – by admin

The U.S. Securities and Exchange Commission (SEC) is temporarily suspending trading of shares in a little-known, self-described crypto exchange and mining firm called Bitcoin Generation (BTGN). The regulator announced Monday that it was suspending trading until 11:59 P.M. Eastern Daylight…

Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage

Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage

29.04.2019 – by admin

Pending bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company (DACC), secured insurance for assets it will hold in cold storage and revealed a partnership with BNY Mellon. Adam White, the former Coinbase executive turned Bakkt COO, wrote…

Murder, Censorship and Syria: Crypto and the Future of Uprisings

Murder, Censorship and Syria: Crypto and the Future of Uprisings

28.04.2019 – by admin

Rachel-Rose O’Leary is a reporter at CoinDesk, covering how cryptocurrencies are being used in areas of economic, social and political unrest. This article is part of her ongoing dispatches from Rojava, Syria.  In August 2011, a hackerspace in Damascus, Syria,…

The Bitfinex-Tether Allegations Explained

27.04.2019 – by admin

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Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain

Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain

27.04.2019 – by admin

Stablecoin issuer Paxos will partner with Ontology to issue up to 100 million of its PAX tokens, pegged 1:1 to the U.S. dollar, on the latter’s blockchain network starting from next month. The launch will make it easier for individuals…

Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder

Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder

27.04.2019 – by admin

Two Bitfinex shareholders said they were unconcerned by the New York Attorney General’s allegations that the cryptocurrency exchange lost $850 million of client and corporate funds. Zhao Dong, a Bitfinex shareholder who has tried to reassure the crypto community that…

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