• U.S. Court House and Post Office, 312 N. Spring St. Downtown Los Angeles
    Tether

    Bitfinex, Tether parent seeking court help with seized $880 million

    The company that owns cryptocurrency exchange Bitfinex wants a California federal court’s assistance in retrieving money taken by the U.S., U.K., Poland, and Portugal

    The parent of cryptocurrency exchange Bitfinex and stablecoin-issuer Tether has asked a federal court to help it get back $880 million lost to an alleged con man.

  • Tether (via Shutterstock).
    Bitcoin,  Tether,  United States

    Bitfinex may issue exchange tokens to cover potential loss of $850 million

    Tokens would make up for funds seized from Bitfinex by several governments, although the company says it expect their release ‘imminently’

    Embattled cryptocurrency exchange Bitfinex may be planning to issue a proprietary exchange token to cover the potential loss of $850 million, according to the founder of cryptocurrency venture capital firm dFund.

  • anonymous
    Bitcoin,  Cryptocurrencies,  Ethereum,  Media,  People,  Tether,  United States

    Bitfinex’ed tells (almost) all about Tether: The Modern Consensus interview

    Anonymous critic of Tether and Bitfinex explains why bitcoin is headed to $15

    As pressure mounts on Tether, its harshest critic—the anonymous “Bitfinex’ed”—does an interview with Modern Consensus. Reveals how he—or she—first started investigating Bitfinex and Tether. Claims 2016 hack of 120,000 bitcoins on Bitfinex was an inside job at the highest levels. Argues almost nothing backs up billions in outstanding Tether tokens; suspects recent reports were a “forgery.” Presents bleak view of cryptocurrency and blockchain’s future. Justifies a $10 to $15 price target for bitcoin (yes, you read that right).   The vice is tightening on Tether and that could have devastating repercussions on the $200 billion cryptocurrency market. Though over $2 billion worth of the “stablecoin” is circulating, it has an…