Blockchain Bites: China’s Tether Crackdown, CME’s Bustling Bitcoin Markets, K...

Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […]

Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?

Threats from China’s central government appear to have done little to quash local demand for crypto assets. As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter, or OTC trading desks.According to a May 31 report published by Bloomberg, there has been a significant uptick in OTC platform usage since China announced its latest crackdown earlier this month, with China tightening restrictions prohibiting financial institutions and payment companies from providing services related to cryptocurrencies.....

Tether, the company behind the world’s most widely used stablecoin, USDT, has revealed that it has frozen approximately $4.2 billion worth of its tokens tied to suspected illicit activity, with the majority of those actions taking place over the past three years.  Tether Expands Crackdown On Criminal Use Of USDT Tether said that just this […]

John McAfee was charged with promoting ICOs without disclosing his payments while the U.K.'s FCA has banned certain crypto derivatives.