Today's Hot Topics

More Info Shared on Bitfinex’s $1 Billion Token Sale

It is believed that the Bitfinex exchange, which has been under fire recently following the Tether scandal, might be moving to raise as much as $1 billion through a token sale over the next week. A Bitfinex shareholder has recently posted on the popular WeChat platform that individuals interested in participating should reach out to either him or the DFund group that he founded. Now, there will be a minimum buy-in of $1 million with an overall supply of one billion tokens according to the shareholder, Zhao Dong. He then further claimed that $500 million has already been subscribed. “Only...

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Is Bitfinex Tethered to The Reputation of Its Sister Company?

Over recent years, Tether (USDT) has been beset by scandals, but the latest may just prove to be its undoing. The world's most traded stablecoin has long claimed that it’s fully backed by reserves of US dollars, although many have cast doubt on those claims. In a twist of irony, it turns out that at one time, there probably was one USD for each and every Tether in circulation. But not anymore. What’s happened is yet another one of the couldn’t-make-it-up stories that seem to emerge from the world of crypto with regularity. A Brief History of Tether Tether emerged...

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Bitfinex Might Be Holding a $1 Billion Token Sale

Reports from China claim that the prominent Bitfinex shareholder and Bitcoin OTC trader, Dong Zhao has confirmed the Hong Kong-based cryptocurrency exchange Bitfinex has plans to issue its own exchange and to sell it either through a private placement or an initial exchange offering. You will probably have heard of the events that occurred last week when the New York Attorney General, Letitia James issued a press release to announce that her office had obtained a court order against iFinex - Bitfinex’s operator - and Tether Limited ‘enjoining’ the two companies from "from further violations of New York law in...

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Charlie Lee: “Don’t go all in. Never go all in.”

The founder and creator of Litecoin doesn’t seem to be able to offload his reputation for selling his Litecoin holdings near the peak. Charlie Lee was featured in a podcast with Morgan Creek Digital partner Anthony Pompliano where he was asked some tough questions both about his LTC portfolio and the state of the crypto space. When he decided to sell his Litecoins, when LTC was worth $300, he thought the price was going to keep going. Lee said: “I actually personally did think it was going to keep going up. I didn’t think that was the peak…I thought it...

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Coinbase Announce Dogecoin Support For Wallet

One of the biggest cryptocurrency exchanges in the world, Coinbase has announced earlier this week that the Coinbase Wallet will now be supporting Dogecoin. According to the announcement stating the news, the new wallet update with Dogecoin support will be launched to all users on both iOS and Android users over the next week. “Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet,” states Coinbase’s Siddharth Coelho-Prabhu. “Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, Stellar Lumens, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for...

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