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David Floyd

Latest from David Floyd
Deltec Chairman Says Tether Letter on Bank Relationship Is 'Authentic'
Last week's much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether's balance, has been confirmed as genuine by the bank.

Here's What 3 Lawyers Have to Say About That Cryptic Tether Letter
The wisp of a signature on Deltec Bank's letter to Tether is the least of it. More important is the language around liability.

Sia Completes Hard Fork as Bricked Miners Form Rival Blockchain
Innosilicon's mining equipment no longer works on Sia following a planned algorithm change. But not everyone went along with the fork.

Tether's Price Has Stabilized, But the Stablecoin's Supply Is Still Shrinking
Crypto exchanges are shedding tethers by the million, and millions of USDT are ending up at Bitfinex. From there, they are taken out of circulation.

Promise: A Startup Based on an Anonymous Paper Plans to Replace ACH
With $47 trillion flowing through it every year, ACH is a juicy target for blockchain disruption. Can a new startup called Promise pull it off?

The Race to Replace Tether (In 3 Charts)
Tether has had a difficult month, and rivals are eyeing its position as the top crypto "stablecoin." Here's how the contest plays out in the data.

Tether Just Burned 500 Million USDT Stablecoin Tokens
Following massive transfers of its dollar-linked tokens into a company-controlled account, Tether has destroyed a large chunk of USDT supply.

CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex
A CoinDesk report regarding a misleading data point on CoinMarketCap has led to a change in the way tether trading volume is calculated.

Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist
Bitfinex's API is feeding data to CoinMarketCap on a USDT/USD trading pair that doesn't exist. So what does that $48 million in daily volume mean?

Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1
Since tether lost parity with the U.S. dollar, its supply has dropped by a quarter as tokens flow back to the issuing company's "treasury" wallet.
