Tag Archives: Crypto

Mike Novogratz Clarifies Anti-Tether Comments, Wants FUD Stopped

The dismissal market performance of so-called stablecoin Tether should not be the reason to spread FUD against it, clarified Mike Novogratz in his tweet.The billionaire Bitcoin bull, who recently criticized USDT for misbalancing its dollar-peg, later said that he believes Tether has every dollar for every USDT. However, he retained his criticism over Tether not being transparent to… Read More »

US Marshals Service Announces Auction of 660 BTC

The United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000. USMS to Auction Forfeited BTC in Seven ‘Blocks’ The auction is scheduled to take place across two “series” and seven… Read More »

Crypto Platform Huobi Launches ‘All-In-One’ Stablecoin Amid Tether Fears

Huobi Launches “All-In-One Program” In the midst of the Tether/Bitfinex debacle, Huobi, a world-renowned crypto platform, has unexpectedly made a move to revolutionize how stablecoins — crypto assets tied to the value of a relatively stable asset — work in this emerging market. On Friday morning, the crypto platform, which is headquartered in Singapore, released an announcement titled “Announcement… Read More »

Global Money Laundering Watchdog to Establish Crypto-Focused Guidelines by June

The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018.FATF Readies Global Crypto Regulation on Money LaunderingParis, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation of the cryptocurrency industry under… Read More »

World’s Largest Crypto Exchange Binance Looks to Add New Stablecoins

Binance, the world’s largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, which include the recently beleaguered tether (USDT). “We hope to be able to list a few more stablecoins on our platform,” chief financial officer Wei Zhou told CoinDesk Thursday. But that does not mean the Hong Kong-based… Read More »

Ethereum Constantinople Blockchain Upgrade Delayed Until 2019

Constantinople Test Hard Fork Goes Awry Just last week, as reported by Ethereum World News, developers moved to hard fork Ethereum’s Ropsten testnet to test the Constantinople blockchain upgrade, which was slated to go live on the Ethereum mainchain by the end of October/November 2018. Unfortunately, when the Ropsten hard fork occurred on Saturday (October 13th) morning, 24 hours… Read More »

Report: North Korea’s Lazarus Hackers Have Stolen $571M In Crypto

North Korean Lazarus Hacking Group Thrashes Crypto Exchanges You may not have heard of them, but reports claim that the North Korea-based Lazarus hacker consortium is responsible for some of the crypto industry’s most-damaging hacks in the past 12 months. As reported by Etehreum World News in late-August, at one point, the group reportedly utilized a piece of… Read More »

Novogratz Criticises Tether’s Lack of Transparency, Responds to Roubini

The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U.S. Dollar Tether (USDT) for failing to provide a trustworthy service for users.The Galaxy Digital Holdings Ltd. founder also responded to Nouriel Roubini’s scathing attacks on cryptocurrency last week.Novogratz Prefers Gemini Dollar to USDTNovogratz stated in an interview that the stable-coin U.S. Dollar Tether has… Read More »

BitGo Closes New Series B Funding, Advances Cryptocurrency Services for Institutional Investors

BitGo, which provides institutional-grade custodial accounts and multi-signature wallets, has recently closed a $57.5 million USD Series B fundraising round that included investors like Goldman Sachs and Mike Novogratz. Goldman Sachs and Novogratz’s Galaxy Digital Ventures combined investments reached around $15 million USD and the new fundraising round brings BitGo’s total funding to around $70 million USD. Goldman has previously… Read More »