News
Coinbase listed Maker’s stablecoin Dai on its retail trading platform. The move comes is part of a larger strategy to list more trading pairs to keep up with the leading cryptocurrency exchange Binance. Coinbase... 1 read →
Crypto as a method of payment has just gotten easier. Coinbase Commerce has expanded to include USD Coin as a settlement option, allowing merchants to accept crypto without transaction fees, chargebacks, or price volatility.... 2 min read →
An ongoing investigation into iFinex Inc. seems to have caused an exodus of traders out of Bitfinex. An increasing number of users report issues with withdrawing funds from the platform. Moreover, approximately $430 million worth... 5 min read →
Zhao Dong, one of China’s biggest OTC traders, recently published a marketing document detailing iFinex Inc. plans to conduct an initial exchange offering (IEO), aiming to raise $1 billion. The move follows a probe... 5 min read →
Interest rates for MakerDAO have exploded to 19.5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last... 2 min read →
Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are... 4 min read →
Tether, the leading stablecoin, recently unpegged from the US Dollar after news that the New York State Attorney General is investigating iFinex Inc., which operates Bitfinex and owns Tether Ltd. USDT dropped as low... 3 min read →
Crypto exchange Wirex listed Stellar Lumens (XLM), making it the ninth cryptocurrency to be integrated on the trading platform. In the Apr. 24th announcement, the exchange revealed the listing was part of a broader... 2 min read →
Following a probe which revealed the apparent loss of $850 million in funds, the attorney general of the State of New York obtained a court order against iFinex Inc., which operates Bitfinex and owns Tether... 4 min read →
On Apr. 25, the office of New York Attorney General Letitia James alleged iFinex, the company behind Bitfinex and Tether, of misusing $900 million of Tether’s cash reserves to hide an $850 million loss.... 3 min read →
Augur, a blockchain-based prediction marketplace, recently released its v2 upgrade, introducing a wide array of new features including Maker Dai integration, important bug fixes, and use-it-or-lose-it forking for REP. Augur’s Long-Awaited v2 Upgrade Augur (REP),... 3 min read →
Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper. The company is allegedly designing its crypto as... 2 min read →
Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves. Instead, the new... 4 min read →
MakerDAO, a decentralized autonomous organization that provides crypto collateralized loans, polled its community on whether to increase interest rates and by how much. The community voted to increase rates by the maximum that was... 3 min read →
Tether, the company behind one of the biggest and most widely used stablecoins on the market (USDT), has updated the terms on its website to further clarify how their reserves work. The small update,... 2 min read →
MakerDAO, a decentralized autonomous organization that provides crypto collateralized loans, voted to raise interest rates from 1.5 percent to 3.5 percent. The vote is a continuation of two February rate increases in an attempt... 3 min read →
The TRON Foundation has partnered with Tether to introduce Tether’s USDT on the TRON Network, making the popular stablecoin accessible to TRON’s userbase. According to the March 4th press release from Tether, the implementation... 2 min read →
JP Morgan has become the first US bank to create and test a cryptocurrency. “JPM Coin” is a blockchain-based system intended to supplant older technologies like SWIFT and wire transfer, providing faster settlement times... 2 min read →
The Pacific Northwest’s StableUSD is scheduled for listing on Binance on Feb. 5th. Stably’s USDS is a cryptocurrency that aims to introduce additional transparency and reliability into a fiat-backed stablecoin. Binance announced that it... 2 min read →
Following the aftermath of 2018’s price drop—which saw the value of Bitcoin below 80 percent of the value from its all-time high—stablecoins are looking to become a more attractive crypto solution this year, particularly... 4 min read →
