Thread 🧵
We are delighted to be the first company to be awarded this licence. It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital asset regulatory regime
2/ Once again, in 2022, despite all direct and indirect attacks, FUD, ... Tether has demonstrated an impressive resilience to market black swan events that caught a wide range of companies praised by many.
Jan 30, 2023 • 6 tweets • 2 min read
BAM! @keet_io mobile alpha is out!
Keet is the first mobile app that implements a complete, no compromises, P2P tech stack, with holepunching and DHTs! 🍐2⃣🍐 1/
2/ Keet Mobile Alpha implements all the basic primitives to allow mobile devices to connect to each other without any centralized server.
Dec 13, 2022 • 8 tweets • 2 min read
1/ [sauce on tweet #6]
For years, Tether truthers and MSM have been painting Tether as the black sheep.
While they were creating, feeding and caressing their industry gods, they were in fact using Tether as a distraction from their own failures.
2/ They first said that Tether did not have any reserves. And Tether proved them wrong.
They then said that Tether had 70% reserves invested in Evergrande. Tether proved them wrong again.
Oct 31, 2022 • 7 tweets • 2 min read
1/ Bloomberg first reported on the DOJ's “investigation” in November of 2018 and in the years after. Stories which have been despicable attempts at crying wolf.
2/ It is business as usual at Tether. Sensationalized journalism and poor reporting will not stop our dedication to the industry and financial freedom.
Oct 31, 2022 • 5 tweets • 1 min read
Funny and this is going to happen.
A thread:
1/ Keet can do everything the other chat apps do without servers (P2P), better quality (data won't be throttled), unlimited file sharing (P2P / swarming)
2/ We are committed to deploy an impressive amount of resources to develop the protocol (holepunch) that will allow any web developer to build consumer apps that can serve billions of users without any centralised infrastructure.
Every comms aspect is encrypted. No protocol token
Oct 30, 2022 • 4 tweets • 2 min read
1/ Humbled to have taken part to the Cypherpunk panel with the two giants @adam3us and @NickSzabo4
The spirit of Cypherpunks is well alive.
While #bitcoin solves financial freedom, our battle for freedom of communication is still at the beginning 2/ Big tech companies are obsessed with our data, craving for more photos, messages and other content we create daily, to squeeze every single drop of value out of it.
That's the next big fight.
We have to regain the freedom of our digital personal life, our privacy.
1/ El Salvador has been extremely brave in adding Bitcoin as legal tender.
2/ While some financial reporters have been calling this an experiment, a failed one, they actually fail to recognise the right of a sovereign country in building its own future. A different future for its citizens, built on math money, a currency that can't be inflated.
Jun 27, 2022 • 12 tweets • 3 min read
1/ I have been open about the attempts from some hedge funds that were trying to cause further panic on the market after TERRA/LUNA collapse.
It really seemed from the beginning a coordinated attack, with a new wave of FUD, troll armies, clowns etc.
2/ Tools: USDt/USD perps (the perfect attack vector that offers an asymmetric bet), spot short selling, DeFi pools unbalancing, ...
Goal: create enough pressure, in the billions, causing ton of outflows to harm Tether liquidity and eventually buy back tokens at much lower price.
--- summary ---
data aggregators have been misreporting liquidation data, misinterpreting the amount field in the API documentation available here: docs.bitfinex.com/reference/rest…
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2/ @bitfinex liquidation APIs work differently from other platforms.
While competitors provide just trade executions, Finex reports actual positions (with their internal position id, size and base price) and streams updates while the position gets liquidated through the market.
Apr 10, 2022 • 8 tweets • 2 min read
1/ 🇸🇻 🌋
Bitfinex and Tether have set up a relief fund to help the families of the people affected by the pandillas in El Salvador.
2/ Both companies once again stand with the disadvantaged and have donated 25 #bitcoin (~1M USD equiv now) to bootstrap this initiative (tx: 16dfd73fb9e9fe1e1c47eaf9e55e15066a80936a9c80cfc507b7555effdb2cea )
Jan 5, 2022 • 5 tweets • 1 min read
1/ Finex has moved successfully many internal operations that required multiple review/approval on a permissioned decentralized consensus system.
++Security
++Team Scalability
This is a good day.
2/ Most of websites (including most CEXes) use a centralized admin interface where admins/operators/support can perform actions on user accounts.
Centralized admin UIs are an attack vector.
Aug 8, 2021 • 5 tweets • 1 min read
On the bright side Finex got 2 days ago regulatory approval for our upcoming product.
The process to get there has been really thorough. Legal, compliance, development and risk management teams all worked together for > 1year to gather the requirements, build the mandatory compliance and reporting tools, provide all the info to the regulator.
1/ Arbitrage: traders arb across multiple exchanges. Speed of transfer and low friction are key.
CB has now BTC/USDt but also
BTC/USD (finex) > USDt/USD (finex) > USDt/USD (coinbase) > BTCUSD (coinbase) is now possible too!
2/ #tether was born in 2014 exactly for this use case: making arbitrage across exchanges faster.
After 7 years, in 2021 all exchanges will be all tethered by a common, high liquidity stablecoin.
Aug 16, 2020 • 4 tweets • 1 min read
Thread
1/4 I've discussed my thoughts on DEXes future with @Cointelegraph
I envision thousands of small P2P nodes/matching engines, each run by separate groups, resulting in a fractal liquidity aggregation model.
2/4 current DEXes are exciting but just temporary solutions
Few of the issues
- single managed smart contracts
- single governance group / token
- no KYC
- slow
- highly dependent from a single chain and its fees
- faster blockchains are more centralised
....
