The U.S. government has sued two individuals in connection with a scheme to provide “shadow banking” services to unregulated crypto exchanges. Author: Stan Higgins
Archives for April 2019
Tether Lawyer Admits Stablecoin Now 74 Percent Backed by Cash and Equivalents
Tether’s general counsel acknowledges that USDT is only 74% backed by cash and equivalents in a new affidavit. Author: Nikhilesh De
Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service
After bitcoin and ether, Nasdaq is now adding an index for the world’s third-largest cryptocurrency, XRP, to its global data service. Author: Yogita Khatri
Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018
Galaxy Digital, the crypto fund founded by Michael Novogratz, lost $272.7 million in its first full year of operation. Author: Anna Baydakova
Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage
Bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company and is working with global bank BNY Mellon on crypto key storage. Author: Nikhilesh De
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