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Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers
30th April 2019 0 11
The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of ...
UK Central Bank Deputy Governor Dave Ramsden: Crypto Is Not a Store of Value
30th April 2019 0 12
Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an ...
30th April 2019 0 13
Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the ...
Facebook Veterans Launch ETH-Based Digital Collectible App, Funding From ConsenSys Ventures
30th April 2019 0 13
A New York startup founded by a group of Facebook veterans has launched an ether (ETH)-powered mobile social app that supports the creation and trading of unique digital collectibles. The ...
Nasdaq Adds Brave New Coin’s XRP Index to Global Data Service
30th April 2019 0 15
The world’s largest stock exchange, Nasdaq, announced that it has introduced XRP Liquid Index (XRRLX), a new XRP index, to its global data service. The news was announced in a ...
Breaker Magazine to Cease Operation Due to Lack of Feasible Business Plan: Report
30th April 2019 0 13
Breaker Magazine (Breakermag), an American online crypto publication, is reportedly shutting down, industry news outlet The Block reported on April 29. Launched in July 2018, the publication will reportedly cease ...
30th April 2019 0 15
Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a ...
30th April 2019 0 13
Japanese crypto trading platform Liquid has partnered with venture capital consortium Virtual Currency Partners (VCP) to create a jointly-owned entity that will pave the way for Liquid’s expansion to the ...
Research Shows US Users Visit Cryptocurrency Exchanges 22 Million Times Each Month
30th April 2019 0 7
The United States, Japan and South Korea are the world’s biggest fans of cryptocurrency exchanges, new research from software firm DataLight reported April 29. After investigating the origin of traders ...
Vitalik Buterin Tweets ETH Development Proposals After Elon Musk’s ‘Ethereum’ Tweet Bait
30th April 2019 0 8
Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk ...
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