Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege

by Nikhilesh De

How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations

| Sebastian Sinclair

The crypto markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following the NYAG's allegations on Bitfinex and Tether.

MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin

| Christine Kim

MakerDAO token holders have voted again to increase issuance fees on dollar-backed stablecoin DAI.

tobacco, cigarettes

Tobacco Giant Philip Morris Is Building a Different Kind of ‘Public’ Blockchain

| Ian Allison

Tobacco giant Philip Morris is working on a "public blockchain," an executive said, though not quite in the commonly understood sense.

Mt Gox Trustee Extends Deadline to File Rehabilitation Plan

| Nikhilesh De

Nobuaki Kobayashi, the trustee for crypto exchange Mt Gox, has extended the deadline by which he must file a civil rehabilitation plan.

Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers

| Anna Baydakova

Genesis Global Trading's cryptocurrency lending arm continues to grow, even as the number of short sellers dwindles.

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain

| Yogita Khatri

U.K.-licensed payments platform Wirex is launching 26 fiat-backed stablecoins on the Stellar blockchain network.

bitcoin, physical

Bitcoin Faces Deeper Price Pullback Before Rally Continuation

| Omkar Godbole

Bitcoin may revisit sub-$5,000 levels in the short-term, as a widely followed technical indicator is flashing a historically bearish pattern.

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

| Yogita Khatri

Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.

Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1

| Yogita Khatri

Blockchain payments startup Ripple has reported a 31 percent quarter-to-quarter increase in sales of XRP.

Banks Can’t Snub Crypto Startups Thanks to France’s New Blockchain Law

| Ian Allison

France's wide-ranging new blockchain law aims to solve a longstanding problem for crypto startups: banking, or lack thereof.