• Tether Kraken funding Wright lawsuit
    Cryptocurrencies,  People

    Craig Wright accuses Tether, Kraken funding $10B Bitcoin lawsuit against him [Updated]

    Would-be Bitcoin creator claims they ‘seek to shut me down’ to protect their ‘Ponzi’ scheme. How the stablecoin issuer and the exchange benefit from Wright losing 550,000 BTC to the Kleiman estate is unclear

    Not to be missed in the ongoing $10 billion lawsuit between the estate of Dave Kleiman and his partner, self-proclaimed Bitcoin creator Craig Wright, are his accusations about who is funding it. The answer, he recently swore in court is... Tether and Kraken?

  • Bitfinex launches social network
    Cryptocurrencies,  Education

    Bitfinex launches social network for crypto traders

    Bitfinex CTO Paolo Ardoino tells Modern Consensus its Pulse platform’s goal is to foster a sense of community while providing “niche” and “high-quality” content

    Embattled cryptocurrency exchange Bitfinex has launched Pulse, a new social network aimed at helping its traders exchange ideas and share their insights.

  • 11 crypto firms sued illegal ICOs
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.

  • blockchain.com crypto lending borrowing
    Cryptocurrencies

    Blockchain.com opens crypto lending to general public

    The major wallet service expanded on the institutional lending desk it opened in August; DeFi lending platform Aave adds tether support

    The cryptocurrency lending industry has been booming lately, with the options to borrow against holdings or earn interest by making loans becoming easier to find. But the interest rates seem too good to be true.