• Tether
    Bitcoin,  Tether

    Tether’s bank issues letter, critics pounce

    Deltec’s says Tether has $1.8 billion in bank, but letter adds fuel to fire

    In recent weeks, more than half of all bitcoin trades took place against Tether. Yet few knew for certain if there were dollars backing those tokens. This week, Tether released a letter from its bank, Bahamas-based Deltec, saying, “We hereby confirm that, at the close of business on October 31, 2018, the portfolio cash value of your account with our bank was US$1,831,322,828.” That amount was nearly $55 million above the amount of Tether tokens in circulation. Over and done with, right? Not exactly. Crypto Twitter talmudicly began parsing the letter, particularly the second part, which reads: “This letter is provided without any liability, however arising, on the part of…

  • Kathleen Breitman
    Alt coins,  Innovators,  Media

    Blockchain cofounder Kathleen Breitman says she is ‘cool as a f—ing cucumber’; launches Twitter tirade when challenged

    Tezos’ cofounder just delivered a strange, profanity-laced interview and then flipped out on Twitter when criticized about it

    On Thursday, blockchain publication Breaker posted a flattering 6,700-word interview with Kathleen Breitman, cofounder of the controversial Tezos blockchain. Launched officially last month, Tezos bills itself as a new blockchain that can enable smart contract execution, but with a built-in governance system designed to avoid hard forks in its rules. During her Q&A with Breaker, Breitman aggressively defended the work of the Tezos Foundation, peppering her comments with invective and swears that raised some eyebrows online. Then Breitman and her cofounder at Tezos, Arthur Breitman (her husband), took to Twitter seemingly with the goal of burning off the eyebrows of those who’d raised them. That's because @mdudas will never do…