News: Tether sued, ether is a commodity, proof of work is still awful, IRS releases incomprehensible guidance
If you’re going to do crimes, don’t do them on a permanent immutable public ledger of all transactions.
Tag: tether
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!
News: Kleiman and Wright settling, Libra, Tether, Initial Sucker Offerings, enterprise “blockchains” as back-end datastores, Marshall Islands, Telegram TON software
Crypto in general is a complicated machine to funnel decreasing supplies of actual-money from retail suckers to about twenty guys.
News: Tether clogs Ethereum, Quadriga venue move, KodakOne sends copyright-trolling email, Telegram TON proceeding, no official Chinese stablecoin, Lightning in decline, don’t be your own bank
Ethereum is the World Computer! As long as you don’t try to use it for any sort of real application.
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: IOTA blackmail, Coinbase banking and lawsuit, ezBtc vanishes, Ross Ulbricht appeal fails, Wright motion denied, Butterfly Labs, TimiHealth
“I mean at a certain point as a lawyer you have to have a one word conversation with your client — ‘no.'”
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.
Bitfinex and Tether tell the New York AG they have nothing to do with New York
iFinex needs to deny that 2+2=4. Their strategy is to deny the existence of 2 and 2, and cast doubt on the concept of addition.