{"id":14855,"date":"2019-10-16T22:11:28","date_gmt":"2019-10-16T22:11:28","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=14855"},"modified":"2019-10-18T21:26:47","modified_gmt":"2019-10-18T21:26:47","slug":"news","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2019\/10\/16\/news\/","title":{"rendered":"News: Tether sued, ether is a commodity, proof of work is still awful, IRS releases incomprehensible guidance"},"content":{"rendered":"

Bitfinex and Tether are being sued<\/a> in a class action for having used tethers to manipulate the price of Bitcoin. The suit \u2014 95 pages, but a fairly straightforward read that’s well worth your time \u2014 includes a history of Tether’s manipulations that is basically what people like me have been shouting from the rooftops for the past couple of years. It also draws heavily on material from the New York Attorney General’s investigation into Tether.<\/p>\n

Legally, Preston Byrne thinks there’s enough here not to be thrown out immediately<\/a> \u2014 “From my review of the pleadings, it seems to me that the plaintiffs’ claims are backed by a sufficient factual basis that they will survive a 12(b)(6) motion to dismiss” \u2014 and it’s likely to proceed to discovery. The laywers are Roche Freedman LLP, who recently beat Craig Wright like a gong.<\/a> Here’s the docket.<\/a><\/p>\n

CZ from Binance told people they could buy cryptos using Alipay.<\/a> Alipay tweeted that this will get you shut down immediately.<\/a><\/p>\n

Though it appears that “some large Asian exchanges (won\u2019t be specific) have dedicated unfreezing teams.<\/a>” CZ responded “somethings are better left unsaid. Recommend no more news like these, for the sake of the people, our industry (and your business)” \u2014 which conspicuously doesn’t in any way deny<\/a> that this happens.<\/p>\n

Jennifer Robertson, the widow of QuadrigaCX’s allegedly-dead founder Gerry Cotten, wiill cough up $9 million<\/a> for the pitifully small pool of money to return to investors. She’s turning over everything except $162,700 in personal assets<\/p>\n

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Crypto Capital Corp: Colombia Branch (seriously) pic.twitter.com\/3IIwg4xoy6<\/a><\/p>\n

— CasPiancey (@CasPiancey) October 5, 2019<\/a><\/p><\/blockquote>\n