Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion

Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. 126 Total views 16 Total shares Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.In a blog post on Wednesday,…

The Federal Reserve is expected to begin lowering its benchmark interest rate in September.

Payments of $1,200 from the CARES Act to Americans in need have begun to go out to those who authorized the Internal Revenue Service to make direct deposits into their bank accounts. However, the money may never reach its targets.Intended to help families through the coronavirus crisis, the payments were not exempted from private debt…

The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months.Researchers at Skew said:“Bitcoin is having today its third best quarterly close in its young history.”Quarterly performances of Bitcoin throughout the…

Changpeng Zhao (CZ), CEO of second-largest crypto exchange Binance, has announced that its branch in Singapore will open in April. A Cointelegraph correspondent reported on the development on April 4 from the Deconomy conference in Seoul.CZ took part in Deconomy, which is being held in South Korea from April 4-5, at the panel dubbed “Centralized…

In an exclusive interview with Cointelegraph, renowned cryptographer Jean-Jacques Quisquater discusses building the internet’s first blockchain in the 1990s and being cited in the Bitcoin Whitepaper.In 1989, Quisquater began working on transitioning media from analog to digital systems for Philips Research Lab in Brussels, where he had been working for 19 years.“The goal was to…

While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud. 1471 Total views 9 Total shares Own this piece of crypto history Collect this article as NFTThe arrest of the former FTX CEO Sam Bankman-Fried (SBF) by the Bahamian authorities…

The Ethereum Foundation has refuted alleged plans to spend a prospective $15 million on the development of Verifiable Delay Functions (VDFs) for use in its transition to a Proof-of-Stake (PoS) network. The clarification was made by Foundation researcher Justin Drake in private correspondence with Cointelegraph on Feb. 8.A report from crypto news outlet CoinDesk had…

The official's conduct in past litigation was brought into question by a U.S. District court judge. 1942 Total views 20 Total shares The United States Securities and Exchange Commission new enforcement chief, Alex Oh, has resigned from her position with the Securities and Exchange Commission just days after taking the role. According to an official…