Contradicting Opinions About The Effect Of Digital Yuan On The Cryptocurrency Market

Mar 11, 2021

China is pushing to launch a digital yuan and has carried out several tests across some major cities. However, the impact that the project could have on both the mainstream and cryptocurrency marketplace remains a subject of debate. The Chinese government has been firm on decisions against cr...

Tether (USDT) Surpasses $6bn in Market Cap

Apr 1, 2020

Tether, the world’s first and by far the most popular stablecoin, has just surpassed $6 billion in market capitalization. While the number might not seem high when compared to Bitcoin’s $117.75 billion and Ethereum’s $14.63 billion market cap, it’s still a huge achievement for a relatively n...

Bitfinex, Tether Subject to Trillion Dollar Class Action Lawsuit

Oct 8, 2019

A group of individuals is lobbing a $1.4 trillion class action lawsuit against the company behind Bitfinex and Tether, the latest in the company’s looming legal battles. David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz and Pinchas Goldshtein...

Tether to Issue CNHT – A Chinese Yuan-Pegged Stablecoin, Chinese Negative about it

Aug 22, 2019

Stablecoin issuer Tether is planning to issue a new stablecoin “CNHT” pegged to offshore Chinese yuan (CNH), according to Zhao Dong, a shareholder of Tether’s sister company Bitfinex. Zhao revealed Tether’s big move via his WeChat moment on August 21, saying that Tethe...

Zhao Dong: Bitfinex and Tether are Political Issues for the U.S. Authority

Jul 30, 2019

DGroup founder and Bitfinex shareholder Zhao Dong says that it is a political issue rather than a true-false for the U.S.’s attitude towards crypto exchange Bitfinex and the dollar-pegged stablecoin Tether. On July 29, the New York Supreme Court (NYSC) ruled to give a 90 day e...

Liquid Launches Support for Tether

Jul 30, 2019

The cryptocurrency industry’s predominant stablecoin, tether, now has a new home on Blockstream’s Liquid sidechain. As of today, July 29, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid assets. These assets, the tokens that power the Liquid network, hold ...

Tether Partly Backed by Bitcoin, Court Transcription Reveals

May 22, 2019

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoi...

Bitfinex Will Raise $1 Billion in LEO Token Sale, Revealed Shareholder Zhao Dong

May 5, 2019

Zhao Dong, a shareholder of the embattled crypto exchange Bitfinex, disclosed details that the exchange is attempting to launch an IEO to raise $1 billion in its new native token LEO sale, in the wake of some contentious activity regarding Bitfinex’s reserves. According to Bitfinex’...

Bitfinex Is Planning on an Exchange Token Sale, Confirmed Shareholder Zhao Dong

Apr 30, 2019

Zhao Dong, a shareholder of the embattled crypto exchange Bitfinex, confirmed that the exchange is planning to issue its native exchange token but made no comment on the rumored plan of “raising $1 billion”. “Bitfinex does have a plan to issue its exchange token, but the details have no...

Bitfinex Shareholder Zhao Dong: Bitfinex Will Survive As Its Name “Finex” Implies

Apr 28, 2019

Zhao Dong, a Bitfinex shareholder as well as a bitcoin influencer in China, has been reassuring the crypto community that the exchange is solvent and remains supportive for it after the $850 million Bitfinex bombshell, with his most recent comment on his Weibo (Twitter equivalent in China) b...