Tether is ‘too big to fail’ — the entire cryptocurrency industry utterly depends on it
We just topped twenty billion alleged dollars’ worth of tethers! If you think this is sustainable, you’re a fool.
Tag: new york
News: stupid DeFi tricks, Tether doesn’t have the documents for NYAG, Craig Wright loses again
“I’m going to put a lot of money into three card monte. Everyone I watch who plays it wins: it’s a sure bet.”
News: Blockchain handouts, Wirecard UK, WhatsApp Pay Brazil, 10 billion tethers
It’s right there in the white paper — cryptocurrency is about government handouts.
News: Numbers go down, MakerDAO, but mostly coronavirus
You can’t buy pies with bitcoins. Or respirators.
New York’s problem with Tether — as set out for the appeal judges
If you were having problems getting your head around this case, this is a good and useful summary. Plus — iFinex’s response!
News: EOS settles with SEC, PayPal dumps Libra, digitised gold, Coinbase triples fees, Bitcoin Foundation is dead
PayPal “remains supportive of Libra’s mission” — so that’s nice.
News: Bitcoin crashes despite Bakkt, Crypto Rating Council, Libra, Tether stay, Kik shuts down Messenger, Craig Wright’s apparent plagiarism, CoinDesk shakeup
Watch me debate Bitcoin as a reserve currency tomorrow!
New York v. Bitfinex — “Fundamentally, Respondents misperceive the respective roles of the Attorney General and the Court.”
“Respondents’ contention that this proceeding should be dismissed because Petitioner failed to properly serve the April 24 Order is meritless.” This correctly translates as “don’t waste my time.”
News: QuadrigaCX claims process starts, Bitfinex/Tether letters, LedgerX doesn’t launch futures, BitTorrent Token is useless, Craig Wright loses defamation action, Bitcoin SV three-way split
Is it just me, or has it been a quiet week in crypto?
News: Bitfinex/Tether v. New York, Facebook-only Libra, Justin Sun, IRS letters, unbanking the banked
How to get through Bitfinex’s bulletproof Know Your Customer process — click the “Not a US Resident” button.