Author page: Reggie Saint

Chinese capital flight continues to boost Bitcoin

Chinese investors are trying to exchange the Yuan for bitcoin, as fears mount due to ongoing devaluation of the yuan. Following the decision of U.S. President Trump to levy further tariffs on Chinese goods over the past two weeks, the yuan has fallen 2% against the dollar. Adding to this, the yuan has steadily lost value against the dollar over the last year. Investors predict that President Xi Jinping will engage in further devaluation of the currency to prop up…

10 Million Paxos Stablecoins Minted 18 Hours After Allegations Against Rival Tether

More than 10 million Paxos stable coins have been minted following the New York Attorney General’s bombshell allegations against the operators of rival stablecoin Tether. The New York Attorney General recently released allegations against Bitfinex, providing evidence revealing how they lost $850 million in customer and corporate funds to an offshore Panamanian company by the name of Crypto Capital Corp. It is alleged that the firm made attempts to cover their tracks by borrowing reserves from Tether, the company behind dollar-pegged…

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