• Tether launches gold-backed cryptocurrency
    All that is gold does not glitter—particularly the Tether Gold stablecoin. (Photo: Linda Hamilton via Pixabay)
    Cryptocurrencies,  Tether

    Tether launches gold-backed cryptocurrency

    The new Tether Gold tokens will be backed by one fine troy ounce of gold stored in a secure Swiss vault, the company said

    January 24, 2020 /

    Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.

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  • Pornhub logo
    PayPal won't let us pay you in real dollars, so here's some tether. (Photo: Pornhub)
    adblock,  Cryptocurrencies,  Tether

    Pornhub now accepts tether for model payments

    The world’s biggest porn site now accepts the world’s biggest stablecoin 

    January 23, 2020 /

    Visitors to Pornhub, which boasted 42 billion visits in 2019, can now pay live webcam models with tether via the Tron wallet, the site announced yesterday. The move follows PayPal’s announcement in November that it would stop supporting payments for the hugely popular pornographic website.

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

    January 20, 2020 /

    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.

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

    December 24, 2019 /

    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.

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