Bitfinex - The Hacks, Tether and Bitcoin with Paolo Ardoino - WBD270
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 16 October 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Monday 7th September Company: Bitfinex Role: CTO
Bitfinex is one of the oldest and largest Bitcoin exchanges. Since 2014, the exchange has had to endure multiple hacks, including at $60 million theft in 2016.
iFinex, the parent company of Bitfinex, also oversees Tether. Tether is the largest stablecoin, regularly facilitating over $50 billion in daily trading volume and is supported by close to 150 exchanges. It too isn't without its controversies, there have been calls to audit Tether to prove that it is fully reserved and there are claims ether printing has been used to manipulate the markets.
Despite the controversies, the Bitfinex and Tether teams have been instrumental in supporting the growth of Bitcoin.
In this interview, I talk to Paolo Ardoino the CTO of Bitfinex. We discuss how Bitfinex dealt with the exchange hacks, protecting against future attacks, Tether, the Lightning Network and funding Bitcoin projects.
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Transcript
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| 0:00.0 | It's important for us to support Bitcoin and to show respect to the coin that made all this possible, right? |
| 0:12.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world, how are you all? |
| 0:18.0 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken, the best place to sell and trade Bitcoin. |
| 0:23.7 | I'm your host Peter McCormack, and today I've got an interview with Bit FireNex |
| 0:27.2 | E. Palo, where we're going to be talking about the history of the exchange, |
| 0:30.9 | but before that, I've got a message from my amazing show sponsors |
| 0:33.9 | so first up we're going to talk about BlockFi who are the future of Bitcoin and |
| 0:37.4 | financial services now with BlockFi you can open up an interest account and |
| 0:41.6 | you can start earning interest on your Bitcoin. |
| 0:44.0 | I've told you this many times, I'm a customer. |
| 0:46.0 | It's been over a year now and I've earned over one Bitcoin in interest, which is super cool. |
| 0:51.0 | Also, using your Bitcoin's's collateral you can take out a |
| 0:54.0 | U.S. D loan and you can fund your BlockFi account directly from your |
| 0:57.6 | Bitcoin wallet. And with the BlockFi mobile app you can now access |
| 1:01.4 | all their services on the go. And they have also got a big |
| 1:06.4 | Halloween promotion coming up for new customers and with Halloween being my |
| 1:09.8 | birthday I obviously support this. So from now until the end of the month you can earn up to |
| 1:15.1 | two hundred and seventy-five dollars in Bitcoin when you open up a Blockfire account. |
| 1:18.5 | If you want to find out more of this head over to Blockfire.com forward slash is BLOCFI.com, forward slash Peter. |
| 1:27.0 | Also, let's talk about Cracken, my favorite place for buying the selling Bitcoin, the only place I use for buying and selling Bitcoin. The only place I use for buying and selling |
| 1:34.3 | Bitcoin. And why, P, why do you only use Cracken? Is it just because they're a sponsor? |
| 1:38.9 | No, it started that way. Of course it started that way. But no, the reason I love Krakhan and the reason they're the own exchange I use is because of two really main things. |
... |
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