Controversial stablecoin Tether is only 74 percent backed by cash (and other assets)

Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2.1 billion in cash and short-term securities. “As of the date [April 30] I am signing this affidavit, Tether has cash and cash equivalents (short term securities) on hand totalling approximately $2.1 billion, representing approximately 74 percent of the current outstanding tethers,” said Hoegner. The lawyer also acts as the general counsel for cryptocurrency exchange Bitfinex, which alongside Tether, is facing allegations by… This story continues at The Next Web Read more:

Rockets vs. Warriors series will be over in 5 games – Stephen A. | First Take

Stephen A. Smith believes it would take a “Herculean effort” that James Harden cannot pull off for the Houston Rockets to overcome the Golden State Warriors’ 2-0 series lead. #FirstTake ✔ Subscribe to ESPN on YouTube: ✔ Subscribe to ESPN FC on YouTube: ✔ Subscribe to NBA on ESPN on YouTube: ✔ Watch ESPN on YouTube TV: ESPN on Social Media: ► Follow on Twitter: ► Like on Facebook: ► Follow on Instagram: Visit ESPN on YouTube to get up-to-the-minute sports news coverage, scores, highlights and commentary for NFL, NHL, MLB, NBA, College Football, NCAA Basketball, soccer and more. More on Read more:

Airbnb vs. Vrbo: Everything you need to know about both accommodation sites

Sometimes when you’re traveling or booking a vacation, the last thing you want to do is stay in a hotel. Sure, they’re convenient — the whole having someone else make your bed thing is quite nice, tbh — but hotels can also be boooooorrrring.  (It’s the persistent sameness of hotels. Such repetition and ubiquity tends to trigger an existential crisis spiral where you begin to question how everything can be so different and yet all the same, like two mirrors that reflect an image ad infinitum, and really what IS anything when you get down to the nitty gritty minutiae of existence, ya know? Wait, that’s just me? Cool. Glad we had this talk.) Read more… More about Travel, Airbnb, …

Uh Huh Honey: Modern Meets Vintage Mustard-Hued Wedding Inspiration

Have you been crushing on mustard hues lately? The color yellow has been dancing upon the pages of GWS lately, and truth be told, we can’t get enough! Meaghan Brianne Photo + Fawn Events teamed up to create something to satisfy their honey-filled hearts…and it’s got us buzzin’! (Yes, so much so that can’t help ourselves to a cheesy pun or two.) See the rest of this post → The post Uh Huh Honey: Modern Meets Vintage Mustard-Hued Wedding Inspiration appeared first on Green Wedding Shoes.   Similar Posts You’ll Love Earthy + Autumnal: Burnt Sienna Hues Inspired This Modern + Free-Spirited Editorial The Call of Autumn: Rustic Meets Modern in the Foliage for this Fall Editorial Rustic + Modern …