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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: Tether

USDT Killer? Circle Announces USDC and Raises $110 Million in Series E Funding

Category: Altcoins, Business, Finance, News

USDT Killer? Circle Announces USDC and Raises $110 Million in Series E Funding

Bitmain has led a $110 million investment in Circle Internet Financial, in a funding round that values the company at $3 billion. Circle has also announced plans to launch USDC, a stable coin pegged to USD. Circle Bitmain Partnership The investment is the largest ever raised by a cryptocurrency or blockchain company, eclipsing $107 million raised by banking consortium R3….

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China Identifies Digital Currency as a Top-Priority, Focuses on Developing Its Own

Category: Altcoins, Finance, News, Regulation, Tech

China Identifies Digital Currency as a Top-Priority, Focuses on Developing Its Own

Is China expediting the development of a state-controlled digital currency under the leadership of newly appointed People Bank of China (PBoC) governor Yi Gang? Likely so. Reinforced Measures to Regulate Cryptocurrencies On March 28, 2018, the PBoC outlined its agenda for 2018 at a conference on the subject, stating that innovation and promoting research and development of the central bank’s…

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Summary on Tether and Where We’re At

Category: Altcoins, Bitcoin, Commentary, News

Summary on Tether and Where We’re At

In light of the most recent $300 million in currency. This is something that the entire Bitcoin community needs to worry about because all signs are showing that there’s a high likelihood that Tether will be forced to cease all of their operations in the United States at some point in the future. Some may be tempted to respond by…

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Economic Experts Team Up to Create Fiat-Backed Low Volatility Cryptocurrency

Category: Altcoins, Finance, News, Tech

Economic Experts Team Up to Create Fiat-Backed Low Volatility Cryptocurrency

The possibility of a fully functioning “stable coin” is something that has remained an ambition for many within the “cryptorati” for a few years now. A stable coin is a cryptocurrency that is immune to the wild price swings that are ubiquitous in the cryptocurrency market. A general philosophy for this immunity has always been to fix the value of…

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Tether Resumes Issuing Tokens with $300 Million Already Issued

Category: Altcoins, Bitcoin, Finance, News

Tether Resumes Issuing Tokens with $300 Million Already Issued

In a surprising twist to an ongoing saga, Tether, it seems, has resumed issuing tokens. This comes after a two-month hiatus in which it was issued a subpoena by the U.S. Commodity Futures Trading Commission (CFTC). The subpoena which was issued to both Tether and Bitfinex was sent in December 2017 but was apparently received by Tether on January 23,…

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Dutch Bank ING Confirms Bitcoin Exchange Bitfinex As A Customer

Category: Altcoins, Bitcoin, Business, Finance, News

Dutch Bank ING Confirms Bitcoin Exchange Bitfinex As A Customer

Months after parting ways with Wells Fargo & Co., bitcoin exchange Bitfinex has finally found a new banking partner in ING. Incidentally, this new development comes at a time when Bitfinex is under scrutiny by the U.S. Security and Exchange Commission (SEC). According to Reuters and Bloomberg, an ING representative confirmed the Dutch bank’s newly founded relationship with the cryptocurrency…

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Major Bitcoin Exchange Bittrex Indicates it will Open up to USD Deposits

Category: Altcoins, Bitcoin, Business, Finance, News

Major Bitcoin Exchange Bittrex Indicates it will Open up to USD Deposits

In a recent UnikrnRadio podcast, Bittrex CEO Bill Shihara revealed that the US-based exchange would open up USD deposits and possibly dump tether as one of the main pairings. The episode also touched on the history of the exchange and how it got started. In an interview posted January 30, the CEO of Bittrex hinted that dollar deposits would soon…

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Bitfinex and Tether Receive U.S. Subpoenas (How is a USDT made?)

Category: Altcoins, Bitcoin, News, Regulation

Bitfinex and Tether Receive U.S. Subpoenas (How is a USDT made?)

United States Regulators have subpoenaed the cryptocurrency exchange Bitfinex and Tether on January 30 leading to an almost immediate drop in the overall market. Tether has a miniscule market cap when compared to the entire crypto market, but the fear instilled in investors during these instances is what is most significant. Tether: USDT Not to be mean, but it is…

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Tether’s $31 Million Theft Ignites Criticism on Centralized Blockchains

Category: Altcoins, Blockchain, News

Tether’s $31 Million Theft Ignites Criticism on Centralized Blockchains

The treasury wallet of Tether (USDT), the cryptocurrency that is pegged to the value of the US dollar through an inflationary monetary policy, was hacked earlier this week. Nearly $31 million worth of the cryptocurrency was stolen, and consequently, the Tether development team suspended the account possessing the stolen funds to disable it from being sent across the network. In…

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The Labyrinth of Tether: A new Mt. Gox or just a case of Hysteria?

Category: Altcoins, Bitcoin, Commentary, News

The Labyrinth of Tether: A new Mt. Gox or just a case of Hysteria?

Currently, the rumor is going around is that Bitfinex and Tether manipulate the price of bitcoin upward with a fake Dollar token. Is there some truth to this or is it just scaremongering? We take a look at the subject. For some months, an individual with the pseudonym “Bitfinex’ed” has warned on Twitter and Medium against an alleged fraud by…

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