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.
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.”
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.
The same lawyers who sued Craig Wright for $5 billion are going after Tether and Bitfinex, demanding a staggering $1.4 trillion.