• New York State Supreme Court building in Lower Manhattan showing the words "The True Administration of Justice" on its facade (via Shutterstock).

    NY Attorney General accuses Bitfinex of using Tether’s reserves to hide $850 million loss

    Already under a cloud, Tether/Bitfinex’s woes mount

    Controversial cryptocurrency exchange Bitfinex is alleged to have tapped into reserves of the stablecoin issued by sister company Tether to cover up $851 million in losses last year, New York Attorney General Letitia James charged on Thursday.

  • That XRP logo is moving very fast (via Shutterstock).

    Coinbase announces acceptance of XRP, ripple ensues

    Coinbase Pro to start accepting XRP transfers Tuesday

    It seems like the #RippleArmy has won at least one major battle: acceptance by Coinbase. One of the biggest names in retail crypto trading announced on Monday that its Coinbase Pro platform will start accepting inbound transfers of XRP Tuesday morning.

  • Wall Street

    Fidelity, Gemini announcements bring cryptocurrency investments closer to the mainstream

    Fidelity will begin securing Bitcoin wallets while Gemini passed a tough examination of its security services by Deloitte

    Cryptocurrency supporters eager to see the business break into the financial mainstream had a pair of good signs on Jan. 30, as Fidelity Investments announced a timeframe for its Bitcoin custody service, and the Gemini exchange became the first exchange to pass a tough third-party test of its security offerings.

  • The Winklevoss twins

    Winklevoss-backed Gemini dollar sees questionable trade volume

    China’s OEX swamps CoinMarketCap with trade data, but are they for real?

    Something strange is going on with the stablecoin issued by Cameron and Tyler Winklevoss’ Gemini Trust Company. Over the past several days, CoinMarketCap data on trading using the Gemini dollar (GUSD) has spiked dramatically—and it all seems to stem from one exchange, the China-based OEX. Seemingly overnight, there was a surge in GUSD daily trading volume. From December 2 to December 13, that number was in a range between roughly 1.4 million and 2.3 million, according to CoinMarketCap. However, on December 14 and 15, daily trading volume was around 18 million. On December 16 and 17, it was around 30 million. Before then, the figure never exceeded 17.6 million. As…