• ConsenSys founder Joe Lubin just bet more than half a million dollars that Ethereum will be going strong in four years. Settling the terms of the bet between Lubin and Bitcoin missionary Jimmy Song on Ethereum’s success or failure took a year—it was made onstage at Consensus 2018—but it’s done.
    Tether

    Bitfinex and Tether say New York Attorney General risks making them unable to pay their bills

    In seeking freedom to pay employees and contractors, Tether attorneys suggest the stablecoin issuer mixes reserve and operating funds

    May 15, 2019 /

    Lawyers for iFinex, the parent company of Tether and cryptocurrency exchange Bitfinex, told the New York Supreme Court on Monday that the language of New York State Attorney General Latitia James’ proposed injunction on Tether using dollar reserves backing its USDT stablecoin could prevent it from making payroll or paying bills.

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  • Photo of an actual QuadrigaCX customer standing next to a Canadian flag (via Shutterstock).
    Photo of an actual QuadrigaCX customer standing next to a Canadian flag (via Shutterstock).
    Bitcoin,  Canada

    Ernst & Young to QuadrigaCX users: You’re screwed

    The cryptocurrency exchanges bankruptcy trustee said it may not be worth looking for the missing 90% of customers’ digital assets

    May 12, 2019 /

    Cryptocurrency exchange QuadrigaCX has barely 10% of its depositors’ money, and it’s probably not worth looking for the rest. That is what of auditing and advisory giant Ernst & Young Inc. told the Supreme Court of Nova Scotia in its role as trustee of the firm’s bankruptcy on May 1. It will be too long and costly, and some other exchanges and payment processing firms are not cooperating, it said.

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