Tether Says Its Newest Stablecoin Is Backed by Gold in Swiss Vault
Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.
Reginald Fowler has rejected a plea deal with the U.S. government in an ongoing case that accuses him of operating "shadow bank" services tied to crypto exchanges.
Bitfinex has launched margin trading for Tether Gold with select pairs of up to five times leverage.
Both cryptocurrency exchanges have reported distributed denial-of-service (DDoS) attacks on their systems in the last 24 hours.
It’s surprising that, despite the success of their issuers, exchange tokens have not been more successful as investments, or as metrics of adoption in one of crypto assets' best-proven use cases, speculation.
The victim firm in the ransomware attack had paid $950,000 in bitcoin to the perpetrator through an insurance company. Much of it ended up on Bitfinex.