Tether’s New Bank Has Been Named in Two Global Bribery Cases (Breaker) Another day, another “Tether has a problem” story. This time, it has to do with the stablecoin’s new bank, Deltec. Some bribe money that was paid to a Venezuelan government official ended up there (and at another Bahamian bank, Ansbacher), according to an investigation. “Neither bank has been accused of complicity in the bribery or other corruption. However, the findings highlight what may be systemic deficiencies in Bahamian banking regulation. The Bahamas was recently added to the list of nations with deficient anti-money laundering practices maintained by the Financial Action Task Force, an international initiative anti-money laundering initiative,” writes Breaker’s David…
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Why Ethereum’s Vitalik Buterin is boycotting CoinDesk’s Consensus 2018
No hero is perfect
Many of the biggest players in cryptocurrency and blockchain are set to descend on New York in a couple of weeks for CoinDesk’s Consensus 2018. But there’s one top figure calling on everyone to boycott the event—Ethereum’s wunderkind founder, Vitalik Buterin. Buterin, who was a panelist at the same event two years ago, took to Twitter to unleash his fury at CoinDesk, which sponsors the annual equivalent of a crypto Lollapalooza. First, he ripped into them for a technical analysis piece about OmiseGo’s OMG token (which, by the way, was built on the Ethereum platform). Specifically, the CoinDesk piece included links to a scam that claims to be giving away…
