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Stablecoins: Tether, Libra, the President’s Working Group, the IMF
Phrases like “macro critical levels” are what central bankers say when they’re sounding the air-raid sirens.
Libra Shrugged — Chapter 15: Central bank digital currencies
An excerpt a year after the book’s publication — because I keep referring people to this chapter. Buy the book for more!
El Salvador Bitcoin, October update: Chivo fraud and dysfunction
I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now.
Facebook’s Novi hooks up in Guatemala with Paxos, not Diem — just in time for the stablecoin report
David Marcus said in September that Novi would only abandon Diem as a “last resort.” Well, that didn’t take long.
Tether’s bad month: CFTC, Bloomberg, Reggie Fowler
Large crypto traders stick by Tether because there’s nowhere else for them to go — Tether is the only game in town.
The CFTC settlement with Tether and Bitfinex: $42.5 million in fines
Clearing down the backlog. There’s plenty more Tether here to come …
Medical downtime and quick notes
I appear to have become someone who gets migraines. Or something similar. How annoying.
DatChat: a meme stock, on the blockchain
Brought to you by respectable businessmen of flawless repute.
News: Compound threatens to dox its own users, El Salvador Chivo numbers, China hates crypto, Twitter tips, Tether class action proceeds
“Libertarian” is when I take your money, it’s different if you take mine.