The Bitfinex-Tether Allegations Explained

The Wall Street brain trust behind the U.S. Treasury Department's debt management took a close look at tokenization and found a lot to like. The advisory committee also examined stablecoins and argued that a token such as Tether's USDT could pose a significant run risk. The committee produced a report, which also suggested that stablecoins

Mar 31, 2020 at 13:00 UTCUpdated Mar 31, 2020 at 13:27 UTCThere is still a lack of clarity around how taxpayers should approach their crypto reporting, respondents told Blox and Sovos in a survey. (Credit: Shutterstock)Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs FindsCrypto-literate public accountants are concerned their clients might face…

Forta's scam detector service relies on a group of bots that monitor different types of threats in real-time.The service runs across seven Ethereum Virtual Machine (EVM) chains supported by Forta, including Ethereum, Polygon and BNB Chain.The blockchain security firm Forta Network upgraded its scam detector service to include malicious URL data, new types of threats…

Apr 20, 2020 at 01:08 UTCCrypto Long & Short: The Battle of the Yields“Cash is trash” has a nice rhyme to it, and in some inflation-ravaged paper-based economies it's literally true. But as an investment mantra, it bears some scrutiny, especially in light of what it says about bitcoin. When a multi-asset manager such as Ray…

Binance's Tigran Gambaryan has left Nigeria, a family spokesperson confirmed to CoinDesk on Thursday. After spending eight months detained in the country, he was allowed to leave Kuje prison last night, a day after local prosecutors announced charges against him would be dropped. He was detained in February by regulators in the country before being

Oct 13, 2020 at 14:18 UTCUpdated Oct 13, 2020 at 14:25 UTCThe average home in the US uses 10,837 kWh per year.Nasdaq-listed company Marathon Patent Group is forming a new joint venture with a U.S. power provider that will bring a supply of cheap energy for its bitcoin mining operations.In an announcement Tuesday, Marathon said…

Coinbase Global Inc. (COIN) is set to make its final case on Tuesday that a judge should spring it from the clutches of the U.S. Securities and Exchange Commission (SEC) in its unregistered-securities dispute.In Coinbase's last word on its motion to get the accusations tossed before trial, a person familiar with the plan said the

feature ConsenSys is restructuring as it seeks to raise $200 million. The ethereum-centric conglomerate’s ConsenSys Ventures arm, originally founded in September 2017 with a $50 million war chest from founder Joseph Lubin, is now being combined with other sectors of the ConsenSys “mesh,” including the Tachyon startup accelerator and ConsenSys Labs. Related to the move,…

news Cryptocurrency donations to political parties received a thumbs up from Japan’s internal affairs and communications minister Sanae Takaichi at a press conference Tuesday. According to a report by local media Kyodo News and syndicated by Reuters, Takaichi said political donations in cryptocurrency do not have to be disclosed under the Political Funds Control Law,…