Wednesday, 15 August 2018

U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (N:T), accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.

Tether, the digital currency that is purported to be backed by U.S. dollars, has been surging in trading — with daily trading volume around $3 billion, behind only bitcoin. But the problem, according to the Wall Street Journal, is that there isn’t any evidence to back the claim that it’s tied to U.S. dollars.

We live in interesting times, Satoshi Nakamoto, if you are listening. The world’s largest maker of bitcoin mining chips is hoping to raise $18 billion in what could be one of the largest IPOs in history, it was reported this week.

Alexander Vinnik, a former bitcoin operator arrested on a US-issued international arrest warrant in northern Greece last year, has told authorities he is willing to provide evidence of Greek involvement in the BTC-e trading platform.

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