• Tether launches gold-backed cryptocurrency
    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

    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.

  • Huobi Global has launched an institutional brokerage (via Huobi).
    Cryptocurrencies

    Huobi Brokerage launches, targets institutional clients

    Huobi Group’s new digital asset brokerage platform also targets high net worth individuals

    Ciara Sun, Vice President of Global Business at Huobi Group, said 2020 is the beginning of the “next phase of crypto. 2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand.”

  • Oz Yosef may need a wizard's help (via YouTube).
    Tether,  Uncategorized

    Crypto Capital crony Oz Yosef indicted

    Another shadow banker has been charged in connection with the theft of $880 million from cryptocurrency exchange Bitfinex.

    Federal prosecutors have indicted Oz Yosef, a principal of Crypto Capital Corp., on three counts of bank fraud and conspiracy in cryptocurrency exchange Bitfinex's $880 million loss.