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Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Cryptocurrency prices have dipped slightly since our last markets update as most digital assets are down between 2-7% over the last 24 hours. Today, on May 23, the market capitalization of the entire cryptoconomy is around $237 billion and the daily global trade volume is…

Bitcoin Exchange Bitfinex Scores Win Against NY Attorney General

Bitcoin exchange Bitfinex has secured a temporary reprieve in its ongoing legal tussle against the New York Attorney General’s (NYAG) office. NY Judge Grants Stay of Document In a press release issued on Wednesday (May 22, 2019), Bitfinex announced that Hon Joel M. Cohen on…

Bitfinex and Tether claim a ‘victory’ in court battle with NYAG

Bitfinex is praising a recent New York Supreme Court judge’s ruling, which the exchange claims supports its assertion that the New York Attorney General’s office actions against it lack legal validity.  Hon. Joel M. Cohen of the New York Supreme Court today granted a motion…

Tether Limited “Investing” in Bitcoin (BTC) is a Bullish Signal

Bitcoin (BTC) ranging but stable A portion of Tether reserves was used to invest in Bitcoin (BTC) Tether and iFinex, the parent company, are controversial though they play a crucial role in the ecosystem. Despite their claim that every USDT in circulation is pegged 1:1…

Tether admits in court to investing some of its reserves in bitcoin

Count this as the latest revelation to emerge in Bitfinex’s battle with the New York Attorney General’s office.  Tether, a stablecoin that has overlapping management and ownership with Bitfinex, admitted the company has historically used some of its reserves to make investments in bitcoin and…

A Conversation with Stephen Palley, Partner at Anderson Kill

The following transcript is taken from episode five of The Scoop, The Block’s new podcast. Listen below and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback to podcast@theblockcrypto.com. This transcript has been edited for clarity…

Tether Admits Using Part of its Reserves to Buy Bitcoin and other Assets

More details are emerging about embattled Tether following the lawsuit against the crypto project and Bitfinex. In the latest update, Tether has admitted to investing some of its reserves in Bitcoin. This came from the lawyer of the company who revealed it in a transcript…

Facebook Coin Could Drive a ‘Mass-Adoption’ of Crypto, Study Concludes

Stablecoins are getting more popular. So popular that they could bring about the mass adoption of Bitcoin as giant non-financial companies, such as Facebook and Samsung, get ready to participate in the crypto market. Facebook and Samsung Are Joining the Stablecoin Craze A new Binance…