NY AG Raises Concerns Over Bitfinex Tether Dealings.
Smaulgld Live Stream – April 26 2019
Last night we discussed the the action by the NY Attorney General vs Bitfinex and Tether.
Watch “NY BIT LICENSE & BITFINEX – TDAMERITRADE, FIDELITY & ETRADE CRYPTO TRADING PLATFORMS SET TO LAUNCH”
Resources:
After the podcast we learn, Paxos fills the stable coin void.
Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle https://t.co/8iKcNBvbjJ via @cointelegraph
— Smaulgld (@Smaulgld) April 27, 2019
Need Moar Stable Coins
Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain https://t.co/BU2PaT70LE via @CoinDesk
— Smaulgld (@Smaulgld) April 27, 2019
$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations https://t.co/EBCTRt51c4 via @CoinDesk
— Smaulgld (@Smaulgld) April 27, 2019
Paxos regulated by NY Regulator exempt from bit license requirments
Bitfinex doesnt have/didnt seek bit license
In wake of the tether debacle Paxos issued 10m new stable coins
New York Regulator Greenlights Paxos Ethereum-Based Stablecoin via @forbes https://t.co/t0u6gvGtM1
— Smaulgld (@Smaulgld) April 27, 2019
Was nailing Bitfinex/Tether about protecting NY Bit License holders issuing stable coins (Coinbase Gemini Circle) and NY regulated entities (Paxos) that are exempt from those requirements?
NY Bit License & Bitfinex https://t.co/UYQck8otCf via @YouTube#tether #bitfinex
— Smaulgld (@Smaulgld) April 27, 2019
The result of NY attorney action vs #Bitfinex/#Tether.
Customers remove #bitcoin from bitfinex to other exchanges
Demand for NY regulated/Bitlicense holder stablecoin alternatives increases (Paxos, Coinbase, Gemini & Circle)
See tweets below andhttps://t.co/FXFbWZk2te
— Smaulgld (@Smaulgld) April 27, 2019
#Bitfinex is not applying for a bitlicense at this time- press relase 2015
Bitfinex does not have a NY Bitlicensehttps://t.co/29K2JCJjLS— Smaulgld (@Smaulgld) April 27, 2019
Like it or not, the winners in the stable coin and crypto exchange race will be BiT License Holders -Square, Robinhood Circle, Gemini, Coinbase (or exempt entities- Paxos) NOT bitfinex/tether
— Smaulgld (@Smaulgld) April 27, 2019
Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder https://t.co/q7dPUXjqE4 via @CoinDesk
— Smaulgld (@Smaulgld) April 27, 2019
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