Op Ed: A Abstract of  NYAG vs. Bitfinex/Tether

Within the newest on the continuing authorized dispute between the New York Legal professional Basic (NYAG), cryptocurrency trade Bitfinex and stablecoin issuer Tether, the New York Supreme Court docket has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to proceed utilizing the Tether reserves that have been loaned to it to…

Adjustments to Tether’s Phrases of Reserves Raises Recent Issues

Adjustments to Tether’s web site have raised recent considerations concerning the corporations reserve coverage. Controversial stablecoin Tether is within the highlight once more after modifications to the main points of the way in which by which it backs up tokens in provide. As reported on March 14, varied on-line customers famous and posted disconcerting modifications…

Tether Updates Web site, Says USDT Backed by “Reserves,” Not Simply Money

Tether simply up to date its web site to make clear that every of its USDT tokens, which it used to claim had been “at all times backed 1-to-1 with conventional foreign money,” are backed by property aside from fiat foreign money. Now, the web site as a substitute reassures its patrons that it’s at…

Digital Reserves

Final night time we noticed a probably groundbreaking headline… Sadly, this isn’t an official assertion from the Russian Federation itself however from an economist named Vladislav Ginko, who’s a part of a state-run assume tank. Nonetheless, the concept appears tantalizing. Following my current discussions with Professor Ginko and different Russian Authorities insiders, it seems there are a…