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Bitfinex Will Vigorously Challenge $850M Lost Tether ‘False Assertions’
Following the NY AG’s accusations of a $850M cover-up, Bitfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.
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Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege
“The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall.”
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Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain
Payments platform Wirex is launching 26 fiat-backed stablecoins on the Stellar blockchain network, including the U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.
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MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin
A majority vote to increase fees on programmatic lending platform MakerDAO has passed an initial round of polling today. This time, the winning vote is to increase fees by 2%, which, in comparison to past weeks, is a comparatively small increase to the usual 3 or 4%.
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Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers
Genesis Global Capital wrote $425 million of crypto loans in the first quarter, bringing its total originations since the business launched in March 2018 to $1.53 billion.
tags: Fintech CryptoAssets Collateral
FinTech Daily 04/26/2019
