Sunday, November 17, 2019

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the...

Tether to File Motion to Dismiss Class Action Lawsuit Based on...

The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred. Source: Coindesk Link: Tether to File Motion to Dismiss...

As Bitcoin Cash Hard Forks, Unknown Mining Pool Continues Old Chain

A rogue chain has developed following bitcoin cash's planned hard fork and has yet to cease production. Source: Coindesk Link: As Bitcoin Cash Hard Forks, Unknown...

Chainalysis Says BitForex Trading Volumes Could Be Fake

The BitForex exchange could be faking its bitcoin trading volume, according to a report by Philip Gradwell, chief economist at Chainalysis. Source: Coindesk Link: Chainalysis Says...

China Is Poised for Another Crypto Trading Crackdown as Speculative Fever...

China appears set to crack down on crypto trading again after President Xi Jinping's praise for blockchain tech revived speculation in the sector. Source: Coindesk Link:...

Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense

There may be a way for cryptocurrency businesses to get around New York's notoriously hard-to-get BitLicense, and it runs through Wyoming. Source: Coindesk Link: Wyoming’s New...

US Authorities Arrest Alleged SIM Swappers After Crypto Thefts

The FBI has arrested two individuals on charges of stealing and attempting to steal $550,000 in cryptocurrency by SIM swapping 10 victims. Source: Coindesk Link: US...

Northern Trust Testing Fractionlized Bonds on Blockchain

The U.S.-based custody bank is looking to offer fractions of tokenized bonds to retail and small professional investors. Source: Coindesk Link: Northern Trust Testing Fractionlized Bonds...

DeFi Startup Compound Finance Raises $25 Million Series A Led by...

It's one of the largest venture capital investments in a decentralized finance (DeFi) startup to date. Source: Coindesk Link: DeFi Startup Compound Finance Raises Million...

Fake Website Prompts China’s Central Bank to Deny Digital Yuan Launch

Despite online impostors claiming otherwise, the People’s Bank of China said the country’s stablecoin project is still in the testing phase. Source: Coindesk Link: Fake Website...

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