Tether Reacts As WSJ Claims USDT at Risk of Becoming Insolvent [ Crypto Espresso 08.31.22 ]

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🔵 CoinMarketCap Daily:

• El Salvador’s ‘Volcano Bonds’ Suffer Yet Another Setback, as First Anniversary of Bitcoin Law Nears

A law that will allow the Bitcoin-backed bonds to proceed hasn’t been approved yet — and “two to three months” of further work would be needed after that.

https://coinmarketcap.com/alexandria/article/el-salvador-s-volcano-bonds-suffer-yet-another-setback-as-first-anniversary-of-bitcoin-law-nears

• Woman Owed $100 Refund By Crypto.com Was Sent $10.5 MILLION — and Bought This Mansion

It took the exchange seven months to realize that this colossal error had been made — and for most of this year, Crypto.com has been battling to get the money back.

https://coinmarketcap.com/alexandria/article/woman-owed-100-refund-by-crypto-com-was-sent-10-5-million-and-bought-this-mansion

• British Man Faces Extradition to U.S. Accused of Laundering $105M Linked to OneCoin Scam

“The victim interests of the OneCoin fraud are global. All victims, including those in the U.S., have an interest in further prosecutions of those involved in the fraud,” the judge says.

https://coinmarketcap.com/alexandria/article/british-man-faces-extradition-to-u-s-accused-of-laundering-105m-linked-to-onecoin-scam

• Tether Reacts Furiously As WSJ Claims Stablecoin Issuer at Risk of Becoming Technically Insolvent

The WSJ cited figures from the stablecoin issuer’s own website that showed it had $67.7 billion in reported assets — and $67.5 billion in liabilities.

https://coinmarketcap.com/alexandria/article/tether-reacts-furiously-as-wsj-claims-stablecoin-issuer-at-risk-of-becoming-technically-insolvent

• Vitalik Buterin’s Written a Book — It’s Going to Be Released in Four Weeks

Proof of Stake documents Buterin’s essays before and during the rise of Ethereum — and an official website suggests the book may criticize his fellow co-founders.

https://coinmarketcap.com/alexandria/article/vitalik-buterin-s-written-a-book-it-s-going-to-be-released-in-four-weeks

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