• Media,  Tether

    CoinDesk ME Lewitinn May Be Eligible for $1M Reward on Tether Transparency

    Short researcher Hindenburg offered bounty to anyone who uncovers info

    Anyone interested in great business journalism, or short-selling in general, must read Andrew Rice’s profile of short seller Nathan Anderson, the founder of Hindenburg research. But here at Modern Consensus, we read it and thought of its relevance to one reader in particular. Press play to hear a narrated version of this story, presented by AudioHopper. Last week I wrote about how CoinDesk has been on a jihad to shed some transparency on exactly how the stablecoin Tether funds its gigantic reserves. The company claims that those reserves are backed dollar for dollar with actual, real-world dollar and dollar equivalent investing instruments. But Tether, the world’s third-largest cryptocurrency, has a…

  • Are tether tokens really backed by dollars? (via Shutterstock)
    Media,  Tether,  Uncategorized

    CoinDesk on the Verge of Victory in Fight to FOIL Tether Records

    Stablecoin has resisted sharing details of its reserves with publication it deems ‘unprofessional’

    One of the biggest mysteries in crypto revolves around token issuer Tether. Crypto enthusiasts—and crypto journalists— have long tried to figure out exactly what hard assets comprise the massive reserves that tether, as a “stablecoin,” is required to keep its dollar for dollar ratio in backing bitcoin with American dollars. The question is not academic. Tether has more than $78 billion worth of tokens in circulation and is by far the largest stablecoin issuer, accounting for about half of all transactions against bitcoin on centralized exchanges. Press play to hear a narrated version of this story, presented by AudioHopper. If the market began to question the stability of those dollar…

  • Charlie Shrem at Ben's Deli in Manhattan (Ken Kurson)
    Bitcoin,  Media

    William Shatner just name-checked Charlie Shrem on Twitter

    It was every bit as awesome as that sounds

    This morning, William Shatner took to Twitter and said something strange and inscrutable to his 2.52 million followers. That’s typical. What’s less typical is that his subject was cryptocurrency. And he dropped the name of one of bitcoin’s earliest adopters and most fervent evangelists, Charlie Shrem.   In a tweet peppered with emojis, the Star Trek actor (and I hate to reduce him to that description because it fails to reflect how great he was as the villain in a latter-era Columbo, not to mention singer, author, screenwriter, director, celebrity pitchman, and horse breeder) tweeted: So @coindesk – 👍🏻 & 😘 is a thank you I do here for liking a…