Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that […]

More Stories

Bitcoin.com: Thursday May 06, 2021

Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group

Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose.

Coingape: Thursday May 06, 2021

Bitcoin Cash (BCH) Shoots 28% to Re-Enter Top-Ten Spot, Network Upgrades Drive Optimism

The veteran cryptocurrencies are back to maintaining their legacy! Bitcoin's first off-shoot Bitcoin Cash (BCH) has surged 28% in the last 24-hours making

Crowdfund Insider: Thursday May 06, 2021

UK Fintech Curve Partners Cardlytics to Offer In-App Rewards Program

UK-based Fintech Curve partners Cardlytics to offer in-app rewards program with 20% cashback on major brands.

Coingape: Thursday May 06, 2021

Ethereum (ETH) Exchange Outflow Suggests The ETH Rally Is Not Stopping Anytime Soon

This week Ethereum (ETH) rallied all the way above $3500 levels hitting its new all-time high and pushing its crypto market dominance to 17%. In its journe

Bitcoin.com: Thursday May 06, 2021

Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match

South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a conference.

Coingape: Thursday May 06, 2021

Bitcoin price support at $56,000 crucial for takeoff beyond $60,000

Bitcoin has gradually and persistently worked on a recovery mission from $53,000. Various barriers were encountered along the path, including the 100 Simpl