Coin Metrics co-founder takes aim at WSJ's Tether FUD
Reputable data analyst fires back at "wild theories" about Tether reported by the Wall Street Journal. The co-founder of crypto data and insights firm Coin Metrics has fired back at yet another article in mainstream media claiming that the “Bitcoin bubble” has been driven by Tether.Nic Carter, a former Fidelity crypto asset analyst and Castle Island Ventures partner, slammed the Wall Street Journal article titled “Behind the Bitcoin Bubble” by Andy Kessler, alleging that it verged on “journalistic malpractice”.“Normally, if you are a columnist writing in one of the most respected financial....
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Tether’s general counsel said a full audit is coming in months. There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel.An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process.In a rare mainstream media interview on CNBC, Tether CTO Paolo Ardoino and general counsel Stu Hoegner were asked some pressing questions on the subject of USDT’s backing and transparency.Hoegner responded to the question by saying:“We....
Crypto data analytics provider Coin Metrics announced that it raised $15 million in Series B funding round led by investment bank Goldman Sachs. Coin Metrics is responsible for providing network data, market data, indexes and network risk solutions. The financing will allow the data analytics company to continue expanding outreach and innovation. Previous investors Castle […]
Did this Coin Metrics analyst uncover the key to the whole Alameda/ FTX story? Because let’s face it, it doesn’t make sense. Both of Sam Bankman-Fried’s businesses were extremely profitable. FTX was the world’s third-biggest exchange and growing, why would anyone risk killing that golden goose? There must have been an underlying cause. Did this Coin Metrics analyst uncover it in the on-chain data? He might have. Related Reading: Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT? The Head of R&D at Coin Metrics, Lucas Nuzzi, ends his thread with a warning: “Important to note....
The investment firm is reportedly preparing to make cryptocurrencies available to its clients in the second quarter of 2021. Blockchain analytics firm Coin Metrics has raised $15 million in a funding found led by financial giant Goldman Sachs.In an announcement today, Coin Metrics said Goldman Sachs, Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency and others had contributed $15 million to the analytics firm to “accelerate the company’s global expansion” as well as reach more places in the crypto market. Coin....
Matic has just announced that Tether is now available on their network. The Matic team tweeted that this would help Ethereum immensely by diverting activity away from the mainchain. 1/ The industry’s leading stablecoin, Tether (USDT), is now available on Matic Network Layer2 to overcome Ethereum’s performance constraints!🚀$USDT is the industry’s most popular stablecoin, with […]