Bitcoin leads $321M crypto inflows following Fed rate reduction
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
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Tether Hits Back at Claims Its Reserves Were Used to Cover $850 Million Loss at Bitfinex
Stablecoin operator Tether has responded to allegations that its funds were used to cover an $850 million loss at the crypto exchange Bitfinex — using a statement on April 26 to claim court filings by the New York Attorney General’s office are “riddled with false assertions.”The state’s top prosecutor, Letitia James, has accused Tether, Bitfinex and associated entities…
A Luxury Yacht or a Snickers? Bitcoin Beats Gold in New $1 Comparison
The latest analysis from Willy Woo shines an amusing light on gold’s performance as an investment over the past eleven years. 2434 Total views 41 Total shares A $1 investment in Bitcoin (BTC) in 2009 would buy a luxury yacht today — but $1 of gold would only buy you a chocolate bar.That was the…
Platform Launches Leveraged Bitcoin CFDs for Speculation on Movements Against JPY and USD
A platform has launched a leveraged bitcoin contract-for-difference (CFD) product, enabling traders to speculate on the cryptocurrency’s price movements against the Japanese yen and United States dollar.Liquid says demand for crypto derivatives is rising and believes these financial products have the potential to enhance awareness about the many hundreds of coins and tokens in the…
Four Crypto Exchanges Face Stricter Regulation in South Korea: Report
Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial Action Task Force (FATF) released recommendations on virtual currency regulations.Per the report, South Korean cryptocurrency exchanges Bithumb, Upbit, Coinone and Korbit…
From South Korea to IBM Food Trust – How Blockchain Is Used in the Food Industry
2018 has witnessed a steady increase in the number of food manufacturers and retailers using blockchains to enhance their operations. From tracking the quality of food to facilitating international trades in grain, blockchain technology has been turning up repeatedly in recent months; and while many deployments of such tech have been conducted on a trial…
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered. 222 Total views 2 Total shares Chairman of the United States Senate Banking Committee Sherrod Brown and three other Democratic committee members sent letters Nov. 21 to federal officials…
California regulators order MyConstant to cease crypto-lending services
The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state. 1595 Total views 42 Total shares Own this piece of crypto history Collect this article as NFTThe California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a…
Big Four Auditing Firm Deloitte Lets Staff Pay for Lunch in Bitcoin
Big Four auditing firm Deloitte is now allowing its staff to pay for food in the cantine using a mobile Bitcoin (BTC) wallet.English-language local news outlet Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how the audit giant could use the cryptocurrency.” Partner at the advisory arm of…