The Bitfinex-Tether Allegations Explained

Mar 29, 2020 at 15:29 UTCThe Breitling Top Time, pictured above, was a hand-wound chronograph from the 1960s popular with the Jet Set of the era. James Bond wore it in "Thunderball," although his featured a miniature Geiger counter.The company has rereleased the watch, black and white "panda" face and all, to a new generation…

The fundraise was more complicated than a typical “cash in, equity out” arrangement. The company issued an iZUMi zk-Fund through strategic partner Solv Protocol that is a semi-fungible token (SFT). Investors who purchase the fund receive an SFT in their wallet to represent their share, making them a limited partner of the fund. Upon maturity,…

NEWS Sep 20, 2018 at 13:00 UTC Bitfury Group has developed a new, more efficient bitcoin mining chip, the firm announced Wednesday. The Bitfury Clarke application-specific integrated circuit (ASIC) chip "offers the strongest performance among bitcoin mining chips and is unparalleled in efficiency," the company claims in a blog post. The new chip, according to…

Sep 15, 2020 at 19:57 UTCUpdated Sep 15, 2020 at 20:04 UTCDiscrete Log Contracts Are Bringing Private, ‘Scriptless’ Smart Contracts to Bitcoin“Republican_win”; “Democratic_win.” These are the parameters (and call functions) for the first smart contract escrowed bet placed on Bitcoin’s mainnet. On Sept. 8, BTCPay Server founder Nicolas Dorier and Suredbits founder Chris Stewart entered…

Crypto storage token, Storj (STORJ), has rallied over the last two days, doubling its market value as it sees an increase in trading volume.The native token of the protocol witnessed a 43% rise on Tuesday, and reached a high of $0.58 on Wednesday, according to data from TradingView. The market capitalization of the token reached…

A draft of a stablecoin bill that had been circulating among U.S. lawmakers since last fall was published over the weekend. At its center are stablecoins and central bank digital currencies (CBDC), which have conveniently been set up as a hot button issue for the upcoming election cycle.The stablecoin part of the bill is largely…

Crypto bankruptcy claims exchange OPNX and its founders has been fined nearly $2.8 million by Dubai's Virtual Assets Regulatory Authority (VARA), a Wednesday notice shows.Set up by the founders of failed hedge fund Three Arrows Capital (3AC), Kyle Davies and Su Zhu, OPNX was already reprimanded by VARA back in May. Created in the wake…

The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.The SEC will likely consider fresh bitcoin ETF applications this year, but it's unclear whether the market's evolved enough to see one be approved.(Shutterstock)Feb 16, 2021 at 3:00 p.m. UTCState of Crypto: Will…

It’s been over ten and a half years since the Winklevoss twins first filed for a bitcoin (BTC) exchange-traded fund (ETF) in July 2013.This filing, covered by CoinDesk in its first year of operation, was ultimately unsuccessful – despite multiple re-submissions – but serves as an interesting time capsule to look at how the industry