After months of speculation and investigations USD stable coin Tether released the results of an audit to prove that its digital currency really is backed by the full amount of USD it claims to have in reserve. On Thursday, law firm Freeh, Sporkin and Sullivan LLP concluded their official audit of the controversial company. Tether…
Meme-Based Cryptocurrencies: At the end of last year, the crypto market price soared, igniting the mainstream interest in the space that we see today. Despite the popularity, coins like Bitcoin (BTC), Bitcoin Cash (BCH), and Ripple (XRP) continue to take precedence. But there are hundreds of cryptocurrencies available, with some being meme-based cryptocurrencies. In an age where…
On May 17th, the Chinese government published its public Blockchain and cryptocurrency ratings. Initially, it gave the coveted no.1 spot to Ethereum, but now it has EOS ranked no.1. A second round of the rating list has been released and Ethereum has been pipped to the post by none-other-than EOS (Perhaps the Chinese government changed its…
Last week, Coinbase announced that it will soon be adding Ethereum Classic. The move sparked joy across the crypto-board. However, some were left wondering – is Coinbase adding Ripple? Considering Coinbase is moving to Japan, where XRP is popular and is openly looking to list new virtual currencies, it seems like it’s only a matter of…
Chinese crypto miner arrested: A man has been arrested in the Anhui Province of China for allegedly stealing 150 megawatts (MW) of electricity. Chinese Crypto Miner Arrested Local media outlet Xinhua reported the arrest today, stating that the man, known under the surname Ma, had more than 200 computers that he was attempting to mine…
Japan has also been a crypto-forward and friendly country, but it seems Japan’s top financial regulator is putting its foot down on cryptocurrency exchanges. Just this morning, the Financial Services Agency (FSA) issued six new business improvements to the list of 16 cryptocurrency exchanges it previously approved. The list of Japenese crypto exchanges receiving administrative punishment…
Binance Coin (BNB), currently an ERC-20 token, is the native token of the Binance exchange. The exchange, originally Chinese but now based in Malta, is the world’s most used crypto-exchange, despite offering no fiat on ramps. Its trading volumes and demand has risen exponentially since the inception of the platform due in no small part to its…
Following the attack, In a quickly deleted tweet on the official Bithumb twitter, it was announced that “cryptocurrencies valued about $30,000,000 was stolen” and “Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.” The following tweet was then released, detailing an exchange lock-down and a ‘we’ll…
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas, it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC) with an ambition to acquire the necessary licenses to allow them to receive a…
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas! it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC), with an ambition to acquire necessary licenses allowing it to receive a national banking…
