You don’t need a weatherman to know which way the wind blows.
Tether
Tether is fully backed, full stop.
So let’s have some fun, shall we?
Keep in mind I’m the guy that’s been journaling all of this with a narrative that hasn’t ever changed.
First: black hole
Second: filled with BTC
Now: the BTC has been used to buy commercial paper with a twist
But what does that mean?
This is my theory: Tether found an underwater sino real estate company and convinced them they could be saved if they just played along. Tether buys their paper w/ BTC, and the company can keep like 30%, but at the end the bond must be paid back w/ that BTC.
A thread
The crypto community considers a guru Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer of Bitfinex, one of the major crypto exchange platforms in the world, and a director of Tether Ltd which issues the homonymous virtual currency pegged to the dollar. Through Tether pass more or less 80% of bitcoin trades. Since April 2019, Bitfinex is under investigation by the New York Attorney General for abusive financial intermediation. Other US Federal investigations accuse Crypto Capital Corp., a Panamanian company, of money laundering.
https://nicolaborzi.medium.com/the-lawless-rollercoaster-of-bitcoin-enriches-few-investors-while-many-often-lose-everything-f9b4789444c2
https://twitter.com/BennettTomlin/status/1436035652370452482
https://twitter.com/BennettTomlin/status/1436029698396536834
Tether claims they cannot disclose the name of their Chief Investment Officer
For the record
https://twitter.com/ExkrementKoin/status/1436034079829471235/photo/1
Mr. Silvano Di Stefano Tether’s Chief Investment officer CIO
of Italian troubled bank together with Mr. Alberto Cantarini who reported to Mr. Gianluca Baldassarri former chief of Mps London Finance branch and well known in Italy for Mps trials,
https://twitter.com/BennettTomlin/status/1436029698396536834
4/5/2019 Silvano was also the person on the loan agreement between Tether and Bitfinex for those who don’t remember
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=0pbbMaSfXK5hx68VPp_PLUS_fWQ==
iFinex Inc. Borrower located in the BVI Tortola — Tether inc registered in Hong Kong Tether Limited Lender
Res to NY AG Freedom of Information Law Re quest No. G000261-2021
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=oBdhD/5_PLUS_L7RIRhat6MJLng==
It’s because they don’t want you to look at BlueBit Silvano’s crypto hedge fund http://34.254.21.20
Yes Giancarlo is doing this while also the CFO of both Bitfinex and Tether
http://ec2-34-254-21-20.eu-west-1.compute.amazonaws.com/
https://nicolaborzi.medium.com/the-lawless-rollercoaster-of-bitcoin-enriches-few-investors-while-many-often-lose-everything-f9b4789444c2
Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer of Bitfinex, one of the major crypto exchange platforms in the world, and a director of Tether Ltd which issues the homonymous virtual currency pegged to the dollar. Through Tether pass more or less 80% of bitcoin trades.
https://twitter.com/nicolaborzi/status/1437119986737242112
https://twitter.com/nicolaborzi
Stablecoins Face Crackdown as U.S. Discusses Risk Council Review
U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability, scrutiny that could lead to dramatically ramped-up oversight for a fast-growing corner of the crypto market.
#Tether #stablecoins Giancarlo, Paolo, Pietro
The #Feds lose their patience.
https://www.bloomberg.com/news/articles/2021-09-11/stablecoins-face-crackdown-as-u-s-discusses-risk-council-review
Crypto exchange Bitfinex has launched Bitfinex Securities that will allow trading of tokenized equities and bonds. “We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges,” Bitfinex Securities CTO Paolo Ardoino told The Block
https://www.theblockcrypto.com/post/116728/bitfinex-securities-new-exchange-tokenized-equities-bonds
#Tether – BACI: Blockchain Association of the Cayman Islands – BACI’s mission: “To promote everything Blockchain related in the Cayman, “Facilitate collaboration & lobbying government to develop the Cayman Islands as one of the preferred locations for any blockchain project”
David Walker BACI Treasurer
https://caymanblockchain.org/author/david-walker/