Cryptocurrency News

According to an announcement that was published on April 25, the New York Attorney General’s Office has accused the cryptocurrency exchange Bitfinex of amassing $850 million in losses and then using funds from its affiliate stablecoin operator Tether to quietly cover up those losses.

In the latest cryptocurrency news, the payments platform called Wirex is making a huge move in the digital currency space. Apparently, it is going to launch a deluge of stablecoins directly on the Stellar blockchain network. Here is everything about it in a nutshell.

Japan’s very own bank (deemed to be the largest in terms of the total assets) SMBC or Sumitomo Mitsui Banking Corporation is expected to launch a blockchain-based trade finance services. The release of these services is slated in the second half of this year. Here is everything about it in a nutshell.

South Korean electronics giant Samsung has invested €2.6 million (about $2.9 million) in the cryptocurrency wallet hardware maker Ledger. A spokesperson from Ledger made this announcement on April 24.

The New York State is witnessing a case that involves millions of Bitcoin, as well as Western Union payments. Interestingly, this is going to be the state’s very first conviction when it comes to crypto money laundering.

Chainalysis, which is a blockchain compliance startup, has just added new support. Basically, it has something to do with its real-time transaction monitoring tool, which will now cover four more digital currencies. Here is everything about it in a nutshell.

The French financial services company Société Générale Group’s subsidiary, Société Générale SFH has issued around bonds worth €100 million (about $112 million) in the form of security tokens on Ethereum’s Blockchain. The announcement was made on the company’s website on April 23.

Lightning Labs is considered to be among the largest BTC companies in the crypto space. It is also the mastermind behind the forthcoming scaling technology lightning. Interestingly, it is expected to release its first ever desktop app directly on the BTC blockchain.

Societe Generale Group, which is a financial service giant in France, has reportedly issued at least $112 million of bonds. It is worth noting that the latter, which the company issued to itself, is made in the form a security token on the ETH blockchain.

The United States-based cryptocurrency exchange Bittrex tweeted on April 22 that claims of North Koreans using its platform to trade in cryptocurrencies were false. The exchange stated that the regulators in New York had made mistakenly identified two of its users as North Koreans.