New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

Justice Joel Cohen of the New York Supreme Court has granted the Bitfinex cryptocurrency exchange’s motion to modify an injunction from the New York Attorney General (NYAG), Bitfinex announced on May 16. Per the announcement, the court order will allow Bitfinex and affiliated stablecoin operator Tether to continue their normal business. It also states that…

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Crypto Heresy: Question Blockstream on Twitter and You’ll Be Blocked

Crypto Twitter (CT) is a grueling battleground between digital currency enthusiasts, company executives, maximalists, journalists, lawyers, and so-called thought leaders and luminaries. For instance, on May 8, reporter Larry Cermak posted data concerning Blockstream and its sidechain project Liquid’s performance over the last seven months. After Cermak shared unbiased figures and queried an alleged conflict…

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Markets Update: Crypto Prices Show Strong Recovery After Binance Loss

Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well. Also read: $500K of BCH Shuffled…

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Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat reserves to back a little less than three-quarters of its existing supply — 74%. Tether executives had previously publicly promised…

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Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the…

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