Fiat Backed Stablecoins

Auto Added by WPeMatico

Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District

by

Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. … Read more

Maker Community Votes to Raise Stability Fee as Dai Struggles to Hold $1 Peg

by

For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0.97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.5% per year. Also read: Exchangewar Lets You Compare Crypto … Read more