The Bitfinex-Tether Allegations Explained

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Sage D. Young is a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR. Join the most important conversation in crypto and Web3…

The EOS blockchain may soon see what it appears to be the first stablecoin on its platform.

The crypto market has a dominant stablecoin, make no mistake. Tether, which aims to keep its token (called tether or USDT) at parity with the U.S. dollar by backing each token with $1 in bank deposits, accounts for the vast majority of the stablecoin market by total value, exchange volume and other metrics. But the…

Crypto insurance protocol Nexus Mutual's builders have requested $153,500 in NXM tokens to fund the next six months of operations.Most of the funds are earmarked for salaries, with the rest going toward travel, infrastructure for the project's Discord server and R&D, according to a blog post. Nexus Mutual is an Ethereum-based insurance alternative that offers

news Cryptocurrency exchange Binance’s official wallet, Trust Wallet, now lets users buy cryptos with credit cards. The new payment option is being offered in partnership with Israel-based payments processor Simplex, according to an announcement from Binance on Tuesday. At the same time, the exchange said, Trust Wallet is adding support for XRP, the third largest…

FLOKI AND WIF are up as much as 8% since the start of Asian trading hours.GameStop stock rallies have often preceded a rise in crypto meme coins.Several dog-themed tokens started to move higher Tuesday as stocks of video game retailer GameStop (NYSE: GME) surged over 19% in pre-market trading.Floki (FLOKI) and dogwifhat (WIF), two tokens

news A new lawsuit claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market, harming traders and benefiting themselves. Bitfinex and a number of affiliated entities engaged in deceptive, anti-competitive and market-manipulating practices, resulting in economic damages for the plaintiffs, according to a lawsuit filed Sunday in New York. Notably, the plaintiffs,…

Apr 22, 2020 at 18:49 UTCUpdated Apr 22, 2020 at 19:37 UTCCollectiblesWith the lights turned off in museums and galleries thanks to the coronavirus, artists are now presenting their work in the digital glow of online showrooms. Last month, Art Basel, an annual mecca for the globetrotting, art-buying class, showcased an estimated $270 million worth of…

Dec 24, 2019 at 11:00 UTCThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Charles Hayter is co-founder and CEO of digital asset data platform CryptoCompare. The views expressed here are his own.Cast your minds back to the…