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Stablecoin issuer Tether pushes back against Bloomberg report

Yesterday, Bloomberg's Businessweek published a feature about Tether's $69 billion stablecoin, or more specifically about its backing assets. A highlight of the piece is the author Zeke Faux's description of Tether as "a company that seemed to be practically quilted out of red flags". One of the things that alarms regulators is its rapid growth.

Oct 08, 2021 by Ledger Insights - Enterprise Blockchain
Crypto News
Tether: A Nearly $70 Billion Time Bomb

Are popular crypto stablecoins the next subprime CDOs, or even outright Ponzi schemes? Find out why I advise investors to sell or avoid Tether.

Oct 08, 2021 by SeekingAlpha
Crypto News
How The Chinese Use Illegal Online Gambling And Tether To Launder Over $1 Trillion Yuan

It has long been known that over the past decade Chinese oligarchs who wanted to bypass Beijing's capital controls and anti-money laundering firewall, would smuggle billions of dollars outside of China by using the Macau casino money-laundering infrastructure, prompting Beijing to crack down aggressively on this popular firewall loophole, with mixed success.

Dec 26, 2020 by ZeroHedge
Crypto News
World Bank Chief Economist Resigns Amid Kickback Corruption Scandal

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers. According to The Economist, the World Bank refused to release the study. Afterward, its chief economist resigned. Here is the full content of the allegedly-censored paper.

Feb 22, 2020 by Stefano Feltri
World News



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