Tag Archives: Bloomberg

Berkeley ICO Gets Vote of Approval from City Council

The Berkeley ICO came one step closer to becoming a reality this week, earning a significant vote of approval from the local city council. The California city wasn’t the first US locality to push for blockchain adoption, but it’s making up for lost time with innovation. City council officials in the Northern California’s Berkeley on Tuesday unanimously voted for the city manager to explore the perks of using blockchain technology and an “initial community offering” (ICO) to raise funds in lieu of a conventional muni-bond offering. Continue reading Berkeley ICO Gets Vote of Approval from City Council

Bitcoin Price Falls Under $10,000 After Bitfinex, Tether Subpoena

US regulators’ scrutiny into Bitfinex, one of the world’s largest cryptocurrency, over its dollar-pegged digital token Tether has sent bitcoin sinking below $10,000.

Bloomberg is reporting that the US Commodities Futures Trading Commission (CFTC) has sent subpoenas to Bitfinex and Tether, the firm behind a namesake digital token that is directly pegged to the value of a US dollar and is used for widely used for trading among exchanges globally. While Tether says its $2.3 billion in tokens are backed by USD reserves, the CFTC and Tether’s skeptics have questioned that very claim.

Reference: https://www.ccn.com/newsflash-bitcoin-price-falls-10000-bitfinex-tether-subpoena/