Paolo Ardoino Archives

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3 August, 2023

Tether launches $115M ‘share buyback’ as cash reserves dwindle

Tether's audit report claims its reserves have ballooned by $7.1 billion from what was registered in Q1, but its real...

Tether’s plan to blow billions in ‘profits’ on BTC questioned

Business

Steven Stradbrooke

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18 May, 2023

Tether’s plan to blow billions in ‘profits’ on BTC questioned

Tether announced that starting this month, it would “regularly allocate up to 15% of its net realized operating profits towards...

Tether attestation dressed up as an audit undressed by former SEC enforcer

Business

Steven Stradbrooke

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15 May, 2023

Tether attestation dressed up as an audit undressed by former SEC enforcer

Tether claims to have made nearly $1.5 billion in ‘net profit’ according to the latest Not An Audit™ by the...

Tether’s use of Signature Bank for USD transactions a touchy subject

Business

Steven Stradbrooke

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6 April, 2023

Tether’s use of Signature Bank for USD transactions a touchy subject

Slamming a Bloomberg report, Tether insists it did not have an account with Signature Bank, but its use of Signet...

Tether claims $700M ‘profit’ in Q4, won’t say how

Business

Steven Stradbrooke

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13 February, 2023

Tether claims $700M ‘profit’ in Q4, won’t say how

Tether CTO Paolo Ardoino gave an interview in which he celebrated Tether's ability to redeem $7 billion—10% of its alleged...

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Business

Steven Stradbrooke

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2 February, 2023

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page...

Why did Bitfinex delist BSV? Joshua Henslee explains the situation

Business

Gavin Lucas

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27 December, 2022

Why did Bitfinex delist BSV? Joshua Henslee explains the situation

Henslee concludes that it’s a good thing BSV was delisted from Bitfinex as this exchange is shady for him, and...

Binance to US authorities: Prosecute us and ‘crypto’ will collapse

Business

Steven Stradbrooke

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13 December, 2022

Binance to US authorities: Prosecute us and ‘crypto’ will collapse

Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the...

Tether panics as loan scrutiny mounts, throws Alameda under bus

Business

Steven Stradbrooke

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5 December, 2022

Tether panics as loan scrutiny mounts, throws Alameda under bus

Tether claims it has sufficient reserves to back the more than $65 billion worth of USDT stablecoin out in the...

FTX, Daniel Friedberg, Stu Hoegner and (the other) Black Friday

Business

Steven Stradbrooke

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18 November, 2022

FTX, Daniel Friedberg, Stu Hoegner and (the other) Black Friday

The FTX meltdown revived the 2011 crackdown on the online gambling industry, where 11 high-stakes individuals and poker players from...

China court says Tether stablecoin ‘should not be circulated’

Business

Steven Stradbrooke

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8 July, 2022

China court says Tether stablecoin ‘should not be circulated’

A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like...

Tether execs bat away CNBC questions on USDT’s lack of transparency

Business

Steven Stradbrooke

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23 July, 2021

Tether execs bat away CNBC questions on USDT’s lack of transparency

The jig may be up for the Tether stablecoin following a trainwreck CNBC interview and regulators losing patience with the...

Paolo Ardoino

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