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CEO of Sberbank: Crypto and Blockchain Will Change the World but Not Yet

The CEO of the Russian state-owned financial service provider Sberbank has stated that cryptocurrency and blockchain technology will fundamentally transform business and finance. That said, Herman Gref is looking at a time span of decades rather than months or years. Herman Gref with Refreshing Take on Cryptocurrency According to a report in local news, the...

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SEC Launches FinHub – A Fintech Portal to Help Blockchain Startups

SEC Finhub

US regulator the Securities and Exchange Commission (SEC) has launched its dedicated fintech “strategic hub,” commissioner Hester Peirce confirmed October 18. FinHub ‘Here For Fintech’ The platform, known as FinHub, brings together multiple aspects of US regulation with the aim of guiding the nascent financial technology industry as it grows. “Finally FinHub is here for FinTech,” Peirce wrote on Twitter in a move which was well-received by cryptocurrency users. Finally FinHub is here for FinTech

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Report: Vast Majority of ICOs Trading Significantly Below Their Listing Price

A recent report from Ernst & Young found that nearly a third of all cryptocurrencies that have been financed through online fundraisers, like initial coin offerings (ICOs), have lost almost all their value, while the vast majority of them are currently trading below their listing price. The report, which was first published today, gathered its...

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Novogratz Criticises Tether’s Lack of Transparency, Responds to Roubini

The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U.S. Dollar Tether (USDT) for failing to provide a trustworthy service for users. The Galaxy Digital Holdings Ltd. founder also responded to Nouriel Roubini’s scathing attacks on cryptocurrency last week. Novogratz Prefers Gemini Dollar to USDT Novogratz stated in an interview that...

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Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list. The Tether Treasury currently constitutes the entity with the single largest holdings, followed

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First Bitcoin Fraud Action Filed by the CFTC, Accused Ordered to Pay Over $2.5 Million

A  New York federal court has ordered Gelfman Blueprint, a Bitcoin-denominated hedge fund, and its CEO Nicholas Gelfman to pay over $2.5 million in civil monetary penalties and restitution in the first Bitcoin fraud action filed by the Commodity Futures Trading Commission (CFTC). CFTC First Bitcoin Fraud Action Results in $2.5 Million Penalty Over $600,000...

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Huobi Unveils New ‘All-in-One’ Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great pleasure to announce the launch of HUSD, an all-in-one stablecoin solution. A market first, HUSD lets you deposit or withdraw

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Privacy Optimizing Bulletproofs Now Live on Monero

In Monero’s latest scheduled hard fork, the coin’s developers activated Bulletproofs, a genre of zero-knowledge proofs that facilitate efficient confidential transactions wherein the sums transferred can be obscured.  Also see: Gemini Dollar Soars, Public Slinging Match Over Unaudited Stablecoins Ensues Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Monero Gets That Much …

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Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering

Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank. Nordea in Hot Water  Banking giant Nordea Bank, headquartered in Helsinki, is alleged to have accepted criminally-sourced funds from banks located in Lithuania and Estonia. The giant confirmed that it’s aware of the report on Tuesday October 16th: We are aware of the report, and at

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Gemini Dollar Soars, Public Slinging Match Over Unaudited Stablecoins Ensues

When the U.S. dollar-pegged Gemini dollar soars to as high at $1.18 on October 17th, one wonders how stable the so-called stablecoins are. Days earlier, Tether (USDT) plunged to lows of around 87 cents, per Coinbillboard (with some exchanges seeing USDT trade at 85 cents). Also see: Ticketmaster Looks to Blockchain in UPGRADED Acquisition Subscribe to …

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The post Gemini Dollar Soars, Public Slinging Match Over Unaudited Stablecoins Ensues appeared first on Bitsonline.

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