Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied. “We did not oppose the plaintiffs’ requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in […]

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The Prospect of Building a New International Monetary System Is Getting Real

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jeremy Allaire is co-founder, chairman […]

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Japan and Philippines Discuss Crypto Regulations

Naokazu Takemoto, Japanese Minister of State for Science and Technology Policy, visited Manila a week ago to meet with Secretary Raul Lambino, manager and CEO of the Cagayan Economic Zone Authority (CEZA). The two authorities talked about the eventual fate of fintech organizations in the two nations and the Asian locale, particularly those identified with […]

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Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan

Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a  strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange.  The exact details of […]

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2 Factors Why Sky-High Tesla is a Massively Overvalued Stock

Tesla is overvalued at $92.55 billion and has an extreme premium. Its earnings to valuation ratio is almost 10 times bigger than traditional carmakers. TSLA continues to be the most shorted automaker stock, and that’s a positive for the company. Tesla (NASDAQ: TSLA) is valued at $92.55 billion. That is just $8 billion short of […]

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Blockchain in Desperate Need of Standardization

We’ve been talking about many different deals and projects that involve shipping, supply chains, and preventing forgeries. Through blockchain implementation, the global market processes can be upgraded to the next level. Humans are economy driven, but that doesn’t necessarily mean we always go for the cheap stuff. Providing customers with enough accurate information will help […]

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