Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors. According to Dovey Wan, founding partner of Primitive Ventures, this information has been confirmed by of one of BFX equity share holders: Folks are selling the allocation of its IEO in a few channels, i was super skeptical at first but later confirmed by of one of BFX equity share holders. New York Attorney Generals office accused Bitfinex of using Tether tokens to cover up a 0M loss. Blockchain.com The stablecoin is pegged 1:1 to USD, eliminating price volatility and giving users an entirely new way to store value, de-risk in a moving market, notes the official announcement. According to the bank, investing in bitcoin (BTC) or other cryptos may lead to losses on the consumers side. Its also should be noted that the Central Bank has not yet authorized or banned the use of crypto. According to the announcement, both banks linked up their respective experimental payment networks, called Project Jasper and Project Ubin1, which are based on two different blockchains. This is the first such trial between two central banks, and has great potential to increase efficiencies and reduce risks for cross-border payments, states the announcement. CoinMarketCap.com Today, 12 exchanges have already joined the Alliance to lead the data transparency cause: Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC, Bitfinex, and with many more Data Accountability & Transparency Alliance (DATA) partners to follow, highlights the announcement. ErisX is a digital platform, that provides access to digital asset spot and futures markets. According to CNBC, Facebook is cooperating with Visa and MasterCard about the service, which is called Project Libra. Moreover, it has been reported that the project will be based on a blockchain network and will include stablecoin pegged to the U.S. dollar. However, Carter pointed out that widespread collaboration will be needed for the technology to really take off. We think this is something that radically reduces friction and creates authenticity as things move around our networks, Carter added. Moreover, approximately four in ten respondents claim they are open to future investments in digital assets over the next five years. The FSA will reportedly act as the registration authority and supervisory authority for virtual currency providers. Last year was a rough one not only for those, who bought bitcoin at K, but also for those, who got in the stormy crypto-related business. Huobi Group has announced the launch of TRON (TRX) contracts on Huobi DM.