• The calm decorum of consolidating class action lawsuits (via Pixabay).
    Cryptocurrencies

    Tether, Bitfinex face fourth market manipulation suit

    Another lawsuit accusing stablecoin issuer Tether and cryptocurrency exchange Bitfinex of causing the losses of the crypto winter is about to join the three consolidated class actions

    The lawsuits against iFinex, which owns the two companies, seeks $1.4 trillion in damages over alleged market manipulations that led to the crypto winter of 2018.

  • Cryptocurrencies,  Regulation

    SEC warns investors about initial exchange offerings

    IEOs are the new ICOs, and the financial watchdog wants investors to take heed

    The Securities and Exchange Commission issued an alert Tuesday, urging investors to proceed with caution before investing in IEOs through online trading platforms—which often tout themselves as exchanges—especially when those platforms are located overseas. 

  • Wall Street bull statue
    Bitcoin

    CME Group launches bitcoin options contracts

    The launch comes on the heels of rival exchange Bakkt’s launch of its own bitcoin options and cash-settled contracts in December.

    CME Group, one of the first regulated institutions to offer bitcoin futures, launched bitcoin options contracts today.

  • U.S. Attorney Geoffrey Berman may drop a Fowler bomb on Bitfinex in January (via Department of Justice).
    Uncategorized

    Fowler plea may lead to Bitfinex’s missing $850 million

    The man alleged to have looted the cryptocurrency exchange Bitfinex is set to plead guilty in a case that links it to drug cartel-connected payment processor Crypto Capital

    The alleged mastermind behind cryptocurrency exchange Bitfinex’s missing $850 million is poised to cop a plea. What Reginald Fowler is getting—or who he is giving up—remains to be seen.