Tether Archives | Page 2 of 11

ConsenSys founder Joe Lubin just bet more than half a million dollars that Ethereum will be going strong in four years. Settling the terms of the bet between Lubin and Bitcoin missionary Jimmy Song on Ethereum’s success or failure took a year—it was made onstage at Consensus 2018—but it’s done.
Tether
Bitfinex and Tether say New York Attorney General risks making them unable to pay their bills
In seeking freedom to pay employees and contractors, Tether attorneys suggest the stablecoin issuer mixes reserve and operating funds
May 15, 2019 /
Lawyers for iFinex, the parent company of Tether and cryptocurrency exchange Bitfinex, told the New York Supreme Court on Monday that the language of New York State Attorney General Latitia James’ proposed injunction on Tether using dollar reserves backing its USDT stablecoin could prevent it from making payroll or paying bills.
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Leo Jakobson
Appropriate (via Pixabay).
Tether
Tether wants to ‘invest’ more of $2.1 billion dollar reserves, lawyers say
The company also argued that it owed its customers no information after losing $850 million; customers have pulled $335 million out of Bitfinex in two weeks
May 6, 2019 /
As Tether customers pull money out, it wants some of its remaining dollars to be put to use instead of sitting in a bank, according to its attorneys.
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Leo Jakobson
Not an iFinex meeting (via Shutterstock).
Tether
Bitfinex owner plans to raise $1 billion in an exchange token offering
iFinex’s IEO will cover the $850 million cryptocurrency exchange Bitfinex said it lost to government seizures
May 5, 2019 /
Now that word is out that cryptocurrency exchange Bitfinex is missing $850 million that it may or may not ever see again, parent company iFinex is trying to raise $1 billion by selling a new exchange token to be called a LEO.
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Leo Jakobson
Meanwhile in Tether news... (via Shutterstock).
Tether
Man behind Bitfinex’s ‘missing’ $850 million called a flight risk
Filing calls Reggie Fowler a counterfeiter, suggests the U.S. government can’t find hundreds of millions of dollars
May 3, 2019 /
Federal prosecutors suspect the man behind Bitfinex’s “missing” $850 million stole at least $60 million of it, and may also be involved in counterfeiting U.S. currency.
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Leo Jakobson