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Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal
In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin. Both companies share the same owner.
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The cost of cross-border payments needs to drop
In the long run the answer to the high cost of remittances is a shift away from expensive cash-based systems and a bypassing of banks and transfer firms altogether.
tags: CrossBorder Fintech Remittances
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Bitcoin and Ethereum Trading Coming to E*Trade
E*Trade Financial Corp. May be getting ready to let customers trade cryptocurrencies on its platform. The firm will start by adding Bitcoin and Ethereum, and will consider adding other currencies in the future.
tags: CryptoAssets Liquidity Fintech
FinTech Daily 04/28/2019
