Tether’s Elusive CEO Has Vanished from Twitter

Key Takeaways The Twitter account belonging to Tether’s CEO was deleted today. The deletion occurred shortly after Bloomberg published an investigation into the company’s USDT reserves. The CEO’s last statement read “stay tuned” which implies that the company will engage with Bloomberg. Share this article The Twitter account belonging to Tether’s CEO was deleted today following a controversy over the USDT stablecoin. CEO’s Twitter Account Is Gone Earlier today, Bloomberg published an investigation into the reserves backing Tether’s USDT token. That report concluded that Tether backed the coin with questionable…

Designer Eric Hu on Generative Butterflies and the Politics of NFTs

Eric Hu’s design practice has taken many forms. Before pivoting to full-time independent work in 2019, Hu worked at Nike, as the brand’s global design director for sportswear. Before that, he was head of design for SSENSE, a Canadian fashion retailer known for its au courant selections and imposing print magazine. Across album covers, magazine spreads and top-to-bottom brand identities, Hu’s work is elegant and composed – even at its most experimental, it’s always grounded in a sense of clarity. That’s the principle he’s brought to Monarchs, a new collection…

Novogratz says “Parabolic Moves” Possible This Year

Share this article The Galaxy Digital CEO Sees Major Price Action on the Horizon “Parabolic Moves” In an interview with CNBC today, billionaire and early crypto adopter Mike Novogratz said he could see “parabolic moves” in cryptocurrency during Q4 of this year. He also issued a warning to NFT holders today at the Token2049 Conference. In today’s interview with CNBC, Novogratz, who bought Ethereum back when it was only one dollar, said: “I literally see a scenario where we take out the highs in Bitcoin, and we have one of…

New Chainalysis Report Reveals Who’s Leading the World in Crypto Adoption — CoinDesk

The report looks to provide more insight into crypto usage in particular regions, noting some interesting trends. For instance, the report shows that Africa is the smallest crypto market in the world, accounting for only 3% of the total market size across regions, but peer-to-peer trading, remittances and savings needs are powering Africa’s grassroots cryptocurrency adoption. Source link

Binance Plans to Establish New Offices in Ireland

Key Takeaways Binance has announced that it will establish offices in Ireland. Corporate registries show that the company has registered three new firms, in addition to one other firm previously registered. The news comes after China’s crypto ban and other regulatory challenges, which may be forcing Binance to seek out new markets. Share this article Binance is planning to establish new corporate offices in Ireland, according to reports from Reuters today. Binance Will Operate in Ireland In an article dated Oct. 7, Reuters interviewed Binance CEO Changpeng Zhao and asked…

Highlights From CoinDesk’s Bitcoin for Advisors 2021 — CoinDesk

Ross pushed back on the ETF bit, mentioning that fees would be quite expensive, and Kitces conceded that the cost might be prohibitive. And while Kitces remains skeptical about an asset that goes up solely because others are putting money into it, he positions himself and advises others to remain curious and keep an eye out as everything continues to unfold. For one thing, Kitces said he is certain that advisors, whether they hate or love bitcoin, can no longer afford to ignore the asset. Source link

Tether fires back against report it is using reserves for investments and making crypto-backed loans

Tether, the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings. In an Oct. 7 report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, seemingly contradicting Tether’s public position that the holdings were fully backed at all times. In addition, Faux alleges that Tether has invested in Chinese firms and issued crypto-backed loans “worth billions of dollars.” According to the report, he was only…

Report Alleges Tether Owns Billions In Chinese Debt

Key Takeaways According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether’s stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. Share this article A Bloomberg investigation finds Tether holds billions of dollars worth of Chinese commercial paper. Bloomberg Investigation Raises New Concerns Today, Bloomberg BusinessWeek reported that stablecoin issuer Tether owns billions of dollars worth of commercial paper issued by large Chinese firms…