You will have heard of the allegations by now that the New York Attorney General’s office claims that the Bitfinex exchange has lost $850 million and as a result, they have used funds from affiliated stablecoin operator Tether to subtly cover the expenses. According to a press…
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Following a probe which revealed the apparent loss of $850 million in funds, the attorney general of the State of New York obtained a court order against iFinex Inc., which operates Bitfinex and owns Tether Ltd., ordering them to cease further dissipation of the US dollar assets which…
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Ripple (XRP) has declined significantly below a strong trend line support and is now struggling to break above it. The price has already tested this trend line as resistance. RSI on the daily time frame shows room for a rally in the near future but there is…
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Bitcoin price settled below the $5,380 and $5,200 support levels against the US Dollar. The price is currently under pressure and facing sellers near $5,160 and $5,200. There is a short term declining channel forming with resistance near $5,160 on the hourly chart of the BTC/USD pair…
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Crypto markets pulling back; Altcoins are mixed, Bitcoin and Ethereum cooling off, Tezos on a roll. Market Wrap Crypto markets have continued to fall as we enter the weekend. There has been no bounce back following the Bitfinex and Tether induced dump a couple of days ago…
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With all of the alleged Bitfinex – Tether controversy making the rounds once again, the dire need for alternative stablecoins is highlighted. Luckily for traders, numerous of those currencies exist already, albeit none of them seem capable of even rivaling USDT in terms of market cap. Depending…
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In the documentation filed to support the lawsuit of New York Attorney General Letitia James against Bitfinex and Tether, one can find transcripts of conversations between a Bitfinex executive (codenamed “Merlin”) and his business partner from Crypto Capital who most likely resides in Poland (nicknamed “CCC”). More…
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During the third week of April, Bitcoin.com released a new point-of-sale (PoS) service called Bitcoin Cash Merchant for Android operating systems. The free platform allows any retail location to accept bitcoin cash (BCH) without registering an account. With the Bitcoin Cash Merchant platform, store owners can open…
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US-based Blockfi has expanded into India, offering a high rate on its interest-bearing account for two cryptocurrencies. News.Bitcoin.com talked to Blockfi and a local Indian crypto exchange offering a similar program to find out how the two products differ. Also read: Indian Supreme Court Postpones Crypto Case…
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Bitcoin (BTC) has slowed down after rallying hard the past few days. Most retail bears have already opened short positions while others are still looking for more favorable entry points. The price is clearly overbought and the resistance zone at $5,800-$6,000 is clearly not one to be…
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