Tether

This week’s stories include mainstream media’s Bitcoin FOMO, the real story of Laszlo Hanyecz, Dutch authorities taking down Bestmixer, Tether being partially backed by bitcoin and what Libertarian politician Ron Paul thinks about the U.S. dollar. Also, the hosts interview Jeffery Tucker, editorial director of the American Institute of Economic Research, about how the U.S./China trade conflict might be affecting the bitcoin price.

According to court documents revealed in the proceedings between Tether, Bitfinex and the New York's Attorney General, Tether has used some of the cash reserves meant to back its stablecoin to purchase bitcoin.

The New York Supreme Court has modified an injunction, now allowing Bitfinex to continue using Tether reserves that were loaned to it to maintain its ordinary course of business. But how did we get here?

In the latest development of an ongoing legal dispute with New York, attorneys for Bitfinex and Tether have asked for a lifting of restrictions on the stablecoin issuer's funds.

What does Tether's 74 percent fractional reserve tell us about the future of so-called stablecoins?

Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts.

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office is applying for a court order to investigate Bitfinex’s suite of interrelated companies.

The San Juan Mercantile Bank & Trust International, a Puerto Rican bank offering both fiat and digital asset custody and settlement services, is now operational.