Questions for Tether with Paolo Ardoino & Stuart Hoegner - WBD297
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 10 January 2021
⏱️ 46 minutes
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Summary
Location: Remotely Date: Wednesday 6th January Company: Bitfinex Role: CTO & General Counsel
There have been claims that Tether has manipulated the Bitcoin price. Still, JL van der Velde, CEO of both Bitfinex and Tether, denied the allegations stating "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of bitcoin or any other coin/token on Bitfinex."
As well as market manipulation there have been calls for a full audit of the Tether reserves amidst claims that the stablecoin is not fully reserved.
In this interview, I talk to Paolo Ardoino & Stuart Hoegner the CTO & General Counsel at Bitfinex. We discuss Tether FUD, the claims of not being fully backed and price manipulation.
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Transcript
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| 0:00.0 | We don't believe in suing our critics into silence. We think it's better to try to counter |
| 0:06.5 | fiction with facts. |
| 0:08.6 | Hello there from Bedford, the Bitcoin Mecca of the world. How are you all? You all have a good week. |
| 0:14.8 | Welcome to the What Bitcoin did podcast, which is brought you by the mighty Kraken, |
| 0:18.4 | the best place to buy, sell or trade Bitcoin. I'm your host, Peter McCormack, |
| 0:22.4 | and I've got a bonus show this Sunday. I've got |
| 0:24.7 | Paolo and Stuart from Teather and BitFi next to answer some questions |
| 0:28.1 | because we've had another round of Teather accusations flying around |
| 0:32.1 | Twitter and Reddit etc. |
| 0:33.5 | Okay but before that I do have a very very quick message from all of my show sponsors |
| 0:37.8 | I'm not going to do the normal reads but I do want to just give a shout out to them |
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