Two of the three founders of the BitMEX cryptocurrency exchange will surrender to US authorities in coming weeks. Their forthcoming trials could help throw light on the controversial crypto-dollar, tether. […]
The New York Attorney General (NYAG), Letitia James, today announced an $18.5m settlement of its fraud case against the cryptocurrency exchange Bitfinex and its affiliated entity, stablecoin issuer Tether. The […]
Stablecoins—digital money backed by assets of stable value—are in vogue. But for a stablecoin to function, its users have to trust in its backing. And history is full of examples […]
Tether insiders Paolo Ardoino and Stuart Hoegner said they may reveal full details of the reserves backing the controversial digital dollar some time later this year. “We are contemplating providing […]
For its promoters, it overcomes unfair restrictions on access to the world’s banking system. For critics, it’s the engine of a massive, system-wide fraud. All eyes are on tether, the […]
Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]
Cryptocurrency networks help support a growing volume of dollar transfers taking place outside the traditional financial system. The growth of private stablecoins As central banks around the world debate whether […]
Automated borrowing and lending transactions on cryptocurrency networks have soared this year. Is this yet another crypto bubble or is there a signal behind the noise? Where did DeFi come […]
When you place money on deposit you expect to get it back. Many people say that’s the original concept of banking: you pass your funds across a desk into safe […]
Entrepreneurs are competing in an intensifying race to design the future standards for the transmission of money. Gauge war The western English town of Gloucester was once the frontline of […]