Tether provides more evidence of its reserves, but once again, there's a catch.

Good evening. I'm Mark Hoxby, and this is late confirmation from CoinDex, bringing you the top stories from Thursday, November 1, 2018.

Also on today's show, Coinbase's head of trading has resigned after just six months

on the job. Cryptokitties raised $15 million from tech giants, Google, and Samsung,

and the New York Department of Financial Services has issued its latest bit license to a Bitcoin

ATM deployer. Stay tuned for more on these

stories on today's show. Tether, the company behind the controversial stable coin of the

same name, published a letter purporting to be from Deltech Bank and Trust Limited, confirming that Tether has about $1.8 billion

in its account as of October 31st. However, the letter, dated November 1st, does not have a name

attached to it, and the signature is essentially a curve. It looks like a doctor's handwriting.

Moreover, the letter includes a few caveats. It was provided, quote, without liability, however,

arising on the part of the bank or any affiliated individuals. And the letter is only based on

information the bank has in its possession.

That being said, Tether said in a blog post that DELTEC conducted months of due diligence,

including analyzing the company's compliance procedures, conducting background checks on the

firm's shareholders, officers, and beneficiaries, and an assessment

of Tether's ability to maintain a dollar peg for the USDT token. DelTEC also looked over

Tether's treasury management processes, according to the company, and will continue to evaluate

its relationship on an ongoing basis.

Coinbase's head of trading, Hunter Merghardt, has resigned after just six months on the job,

according to individuals familiar with the situation. The decision was reportedly finalized

last week due to his concerns that he wasn't getting the resources or clarity he needed to build up Coinbase's institutional infrastructure.

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