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…
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…
Veteran crypto journalist Pete Rizzo joins Kraken as editor-at-large
The former CoinDesk editor-in-chief will focus on content development in his new role at the noted cryptocurrency exchange.
San Francisco-based cryptocurrency trading platform Kraken has hired former CoinDesk editor-in-chief Pete Rizzo to provide content that will attract and retain users.
Big ambitions confirmed in CoinDesk CEO memo; Pete Rizzo ends up as collateral damage
‘Forget the crypto publications, we’re focused on the biggest fish in financial media.’
A memo from CoinDesk CEO Kevin Worth announcing the departure of editor in chief Pete Rizzo confirms that the editor’s departure comes amid consolidation of editorial power under Michael Casey.