Isola, Deltec, Tether, and You

Isola Capital, a Chinese "asset management and family office platform", arose from Deltec. Their about page proudly proclaimed: Isola Capital can trace our roots back to 1946 when our founder Clarence Dauphinot and two associates moved to Brazil to explore investment banking and direct investment opportunities. They founded Deltec, an initiative sponsored by Al Gordon, … Continue reading Isola, Deltec, Tether, and You

A Timeline of Deeply Conflicted Tether Transactions

On November 1st 2018 Tether proudly proclaimed that they were once again banked, this time with Deltec Bank in the Bahamas (archive). This announcement included a letter (my copy) (archive) signed by someone associated with Deltec that stated that Tether had a 'portfolio cash value' of $1,831,322,828 on October 31st. This suggested to all that … Continue reading A Timeline of Deeply Conflicted Tether Transactions

Raphael Nicolle and the Founding of Bitfinex

Raphael Nicolle is the founder of Bitfinex. Before that he had an interesting path. By day a helpdesk technician, during his free time Raphael became active under the account 'unclescrooge' on BitcoinTalk. From this account he makes some interesting posts, including occasional climate change denialism, saying he would invest in illegal businesses, and at least … Continue reading Raphael Nicolle and the Founding of Bitfinex

My Appearance on The Blockchain Debate podcast with Larry Cermak and Patrick McKenzie

You can find it here. I had a ton of fun recording this podcast, however, due to time constraints I was not able to get to all my notes on whether or not Tether acts in good faith. I would like to summarize a few of the things I was not able to get to … Continue reading My Appearance on The Blockchain Debate podcast with Larry Cermak and Patrick McKenzie

Predictions and Outcomes

At one point I tried to learn about a token called Kimchi. That token no longer has any volume or value to speak of. I decided to summarize some facts about the failed crypto entrepreneur Jacob Kostecki. Today, the class action lawsuit against him has entered default judgement. I wrote about a deeply exploitive scam … Continue reading Predictions and Outcomes