• Bitfinex repays tether
    Technology

    Bitfinex CEO says $850 million NY Attorney General called ‘lost’ was actually seized

    Weekend email to crypto exchange’s users does not say how or why those funds were seized by authorities of four countries including the U.S. and U.K.

    In disputing the New York State Attorney General’s claim that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether have lost $850 million, the CEO of the two firms’ parent company has raised a bigger question: why have four governments, including the U.S. and U.K., seized its money?

  • Bloomberg's Joe Weisenthal (via Bloomberg.com)
    Media

    Bloomberg host hilariously tears into blockchain fans, gets blocked on Twitter by CEO

    Joe Weisenthal ridicules investor Naval Ravikant and other blockchain enthusiasts in a tweetstorm

    Don’t expect AngelList CEO Naval Ravikant to appear on Bloomberg’s “What’d You Miss?” any time soon. That’s because the show’s co-host, Joe Weisenthal, took to Twitter to rip into Ravikant’s lofty pronouncements about blockchain technology. Here’s how it went down: It all began in Sunday morning from a tweet by from Shane Parish, the founder of something called Farnam Street. For those unfamiliar with it (we were on that list), the site’s “About” section says: “We address such topics as mental models, decision making, learning, reading, and the art of living.” According to Parish, he has “helped millions of people master the best of what other people have already figured…