Cryptocurrencies are mixed as Bitfinex destroys 500 million USDT, more than half of its treasury supply
After Coindesk accused Bitfinex, a major cryptocurrency exchange and operator of stablecoin Tether (USDT), of publishing trading volume data from, “a market that doesn’t exist,”, Bitfinex responded, saying they do not publish fake numbers. In its article, Coindesk noted that Bitfinex does not offer a USDT/USD pair, however, their exchange reports substantial trading volume on its exchange for the pairing -- at the time of this writing, daily trading volume for USDT/USD on Bitfinex is reported as USD$33,598,474, or 18.30% of USDT’s total 24-hour trading volume. Bitfinex clarified in its rebuttal, saying they reach their daily trading volume calculation for USDT/USD by calculating the sum of USDT deposits and withdrawals to and from Bitfinex. Bitfinex provided a link to the application program interface (API) where this data is supposed to be visible, however, the link did not work at the time of this writing.
As per the Taipei Times, Taiwan is planning to release draft initial coin offering (ICO) regulatory framework by June 2019. The Taiei Times cited Welington Koo, chairman of Taiwan’s Financial Supervisory Commission (FSC), who spoke at a meeting of the Legislative Yuan Finance Committee, saying, “The more we regulate, themore this new economic behavior wanes.”
Binance, the world’s largest cryptocurrency exchange, has officially launched Uganda’s first ever fiat-to-cryptocurrency exchange, as per an official announcement on Medium. Currently, Ugandans are only able to trade Bitcoin (BTC) and Ethereum (ETH) through the domestic Ugandan shilling (UGX). Called Binance Uganda, the new fiat-to-cryptocurrency exchange is offering zero-fee trading until November 24th, 2018. According to the company statement, the launch of Binance Uganda is part of Binance’s initiative to contribute to blockchain technology development across the African continent -- shortly after their announcement, Binance’s charity wing donated USD$500,000 aid Uganda.
In a blog post published on Wednesday, Tether, the issuer of stablecoin USDT, announced that it, “redeemed a significant amount,” of USDT from circulation and that it will destroy 500 million USDT from its treasury wallet -- the 500 million destroyed USDT represents a whopping 52.8% of its total treasury supply for future issuances. This news comes after the value of USDT dipped below USD$0.90/token last week and after Circle and Coinbase partnered to list stablecoin USDC on Coinbase. Tether refered readers of the announcement to their white paper, where the firm states, "every tether issued or redeemed, as publicly recorded by the Bitcoin blockchain will correspond to a desposit or withdrawal of funds from the [company's] bank account."
Nasdaq, the world’s second largest stock exchange by market capitalization, has been awarded a new patent to tackle the implementation of blockchain in releasing new information to the media industry. Originally filed in January 2017, the patent references, “an information computer system […] provided for securely releasing time-sensitive information to recipients via a blockchain.” The patent explains the purposed system’s process, saying, “A submitter submits a document to the system and a blockchain transaction is generated and submitted to the blockchain based on the document […] An editor may edit the document and an approver may approve the document for release to the recipients.” This past June, Nasdaq tested a blockchain proof-of-concept system for securities collateral.
Setl, a UK blockchain startup, has received approval from French securities regulators and is set to enter the European Union’s settlement system. Setl aims to launch its Target2-Securities platform, a EUR1 billion network built to span across the European Union and settle securities processed by the European Central Bank. Setl is expected to launch in early 2019.
South Korea’s Financial Services Commission (FCS) issued a statement today warning investors to be cautious when investing in cryptocurrencies. Documents published on the FSC’s website warn investors that they could be misled by cryptocurrency funds and that investors could mistake cryptocurrency funds for legal public funds that comply with South Korea’s Capital Markets Act. The FSC added that cryptocurrency funds must be approved and registered with the FSC to operate legally -- something no South Korean cryptocurrency fund has done yet.
Europe's strict new privacy law went into effect on Thursday, and privacy activist Max Schrems immediately filed lawsuits against Facebook and Google for contravening the new rules. Schrems said their take-it-or-leave it approach to consent was "totally against the law."
Big tech lobbying groups are trying to defang Europe's next upcoming privacy legislation, the ePrivacy law, claiming it will stifle innovation. ePrivacy will mean online services will have to ask people's permission before placing tracking codes on their devices, or collecting data about their communications.
The US federal watchdog is investigating Intel over claims it laid off employees in 2016 based on their age. Intel made a series of cuts that resulted in around 10,000 employees losing their jobs.
Spotify is to reinstate controversial musician XXXTentacian to its playlists, after removing him for violating its hate policy. The new policy provoked major industry backlash, and Spotify is u-turning despite XXXTentacian being charged with battering a pregnant woman.
Uber's exit from Southeast Asia has infuriated regulators, who feel the company created an illegal monopoly by selling to its biggest local rival, Grab. Some regulators said Uber had reneged on a deal to inform them about any possible sale, something Uber has denied.
Cryptocurrency trading platform Taylor has lost around $1.5 million in Ethereum after an external hack. The company, which recently completed an ICO, said the attacker "got access to our devices."
Apple might be switching all its new iPhones for 2018 to OLED technology, the bright screen used for the iPhone X. One Apple LCD supplier, Japan Display, fell on the rumour.
Bitcoin miners are taking advantage of central Washington's super-cheap electricity prices, leaving public utilities providers asking whether they can keep up. Utilities are built to cope with slow, rising demand, whereas bitcoin mining is characterised by spikes and volatality.
Amazon's Alexa tracking people's private conversations and sending them to random friends might not be much to worry about, according to one analysis. Security expert Daniel Miessler pointed out that it was Amazon's equivalent of a butt dial.
Doctors in Italy reacted with outrage Monday after the country’s new populist government approved its first piece of anti-vax legislation Link | Comments Saudi Arabia crucified a man in Mecca while aggressively calling out Canada over human rights Link | Comments Russia is quietly seizing territory in Georgia as it warns of a ‘horrible conflict’ if the Eurasian country joins NATO Link | Comments
Papa John's sales drop amid founder controversy Link | Comments The DDoS attacks reported by the FCC last year didn't actually happen. Link | Comments EU may force iPhone to switch from Lightning to USB Link | Comments
New research shows that humans "see" the actions of others not quite as they really are, but slightly distorted by their expectations. The study could explain why people get others' actions so wrong and see ambiguous behaviour as meaningful Link | Comments New research suggests heat flow in the northern Pacific Ocean is having a greater impact on climate change in the Arctic than expected. It is warming at accelerated rates and losing ice at a faster clip than predicted by models. Link | Comments The cannabidol non-psychoactive compound found in marijuana drugs may have positive effects for children with severe epilepsy where other medications for the major neurological disorder are not effective, according to the latest Australian research. Link | Comments
Alex Jones Is Shirtlessly Screaming Into the Void on Popular Social Network Google+ Link | Comments Twitter will not ban InfoWars conspiracy theorist Alex Jones. The company's CEO says Alex Jones hasn't violated its rules, despite other tech giants dropping him. Link | Comments The FCC misled Congress on net neutrality comment issues, says agency watchdog Link | Comments
Man grieved at wrong grave for 30 years due to misplaced headstone Link | Comments So long, "movies": The cool new thing to do when you're high is picking up garbage Link | Comments Green co-leader Marama Davidson says New Zealand must reclaim the 'C-word' Link | Comments
What are some of the most interesting 24/7 live-streaming webcams to watch from around the world? Comments What movie has a plot hole that cant be ignored? Comments What is the biggest myth people need to stop believing? Comments
Solution for a lost motorcycle key Link | Comments Daughter asked me to 3D Print her a tooth so she can trick the tooth fairy in to giving her Bitcoin. Link | Comments My shower head clip broke, so I copied the dimensions and printed a new one. Link | Comments
The decline of fertility rates - as we get richer. Animated 1960-2016 [OC] Link | Comments US towns with animals in their names, compared to the current range of that animal [OC] Link | Comments Rappers, sorted by the size of their vocabulary Link | Comments
TIL that the writer of the hymn "Amazing Grace" had an incredibly filthy mouth. During his time as a sailor he was: "admonished several times for not only using the worst words the captain had ever heard, but creating new ones to exceed the limits of verbal debauchery" Link | Comments TIL that a study has shown that Male Robins Make the Best Bird Husbands as they possess the capability to guess what their wives want to eat, whether or not they saw what the females ate last, they can still get exactly what their partner wished for. They are also Monogamous. Link | Comments TIL that in 2003, a 17-year-old transplant patient died after receiving organs with the wrong blood type. The error occurred because everyone assumed that someone else checked the blood type. Link | Comments
The perils of being a librarian in the Victorian era were bad enough to necessitate “a seaside rest home for those who had broken down in library service.” Link | Comments Literature of Indigenous People: August 2018 Comments I am actually a little surprised at how bad Atlas Shrugged is Comments
My grandad a couple weeks ago on his 95th birthday. He said, "At least now I can stop worrying about dying young." Link | Comments How to collect trash from sewer Link | Comments In 1982, a little boy was hit in the head with a screaming foul ball, and rather than wait many minutes for EMTS to arrive, Jim Rice scooped him up and brought him to the dugout where he got immediate medical attention and was quickly hospitalized. He is credited with saving the boy's life. Link | Comments
US Financial Watchdog Fines Bitcoin Mixer Service $60 Million ... (MSB) in violation of the Bank Secrecy Act (BSA). The Ohio software developer had a duty to report suspicious activity, they say ... US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million. October 20, 2020. 762. Share. Facebook. Twitter. ReddIt. Telegram. Pinterest. WhatsApp. Advertisment . Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti ... US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million. October 20 , 2020 by admin 0 Comments. News. Share on Facebook. Share on Twitter. Share on Pinterest. Share on LinkedIn. Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly ... Bitcoin Fear/Greed Index; ATM Locator; Night Mode; English. Arabic Bengali Chinese (Simplified) English French German Haitian Creole Hindi Italian Japanese Portuguese Russian Spanish Swahili ... US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19 by Fincen, the fine surrounds the ...
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