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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…

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…

What the heck is happening at Bitfinex?

The following transcript is taken from episode four 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…

Bitfinex Secures $1 Billion From Private Investors

Bitfinex, the embattled cryptocurrency exchange, says it raised about one billion in USDT from private investors even amid accusations that the company and Tether covered up losses to the tune of $850 million. Bitfinex: Investors Trust us, We Need Not Brag Paolo Ardoino, the chief…

Bitfinex releases white paper for $1 billion token sale

Cryptocurrency exchange Bitfinex has published the official white paper for its planned $1 billion initial exchange offering (IEO). Bitfinex’s exchange tokens, called LEO, will be offered to private investors first, as per previous reports. Bitfinex hopes to raise as much as$1 billion in USDT. The…

New York Prosecutors Demand Transparency From Bitfinex and Tether

The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the alleged loss of $850 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG) office has now…

Weekly roundup April 29 – May 3

Overall, this week was another positive one for bitcoin in terms of price. The asset fluctuated through the low to mid-$5,000 range as headlines surfaced regarding Bitfinex, IOTA, HTC and a host of other topics. Catch up on this week’s news! Crypto influencers are confident…