Here’s a run-on sentence: “Tyler sat down with Patrick to discuss signature fields on the back of credit cards, whether bank tellers or waitstaff are more trustworthy, the gremlins behind spurious credit card declines, how debt collection and maple syrup […]
“Unlike more traditional cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), stablecoins—such as Tether’s USDT—are directly issued by centralized entities, and backed by centralized reserves of real-world assets. In practice, that means users holding stablecoins can be programmatically frozen out of […]
“In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air.” | learn more
The best part is that the NY Attorney General’s press release takes an upbeat tone on their success. “An agreement with iFinex, Tether, and their related entities will require them to cease any further trading activity with New Yorkers, as […]
“Tether has been manipulating #Bitcoin’s price upwards for years now by printing unlimited, and unbacked $USDT. This thread will cover the controversial aspects surrounding Tether, and how it will eventually meet its demise.…” | learn more
This time, from the NY Attorney General. “The suit has also revealed that Bitfinex purportedly sent $850 million to a Panama-based company, lost access to the funds as a result of a government seizure, and had to dip into Tether’s […]
First, read this Bloomberg piece, then read Tether’s response (complete with two Ron Burgundy memes).