Bitcoin24h $118,416.75-0.74%

Ethereum24h $3,597.08-2.01%

XRP24h $3.22-9.51%

BNB24h $773.08-0.05%

Solana24h $188.85-5.47%

Dogecoin24h $0.2427-7.21%

TRON24h $0.3097-1.10%

Cardano24h $0.8164-7.82%

Hyperliquid24h $43.81-1.05%

Stellar24h $0.4266-9.54%

Did Adam Back betray Bitcoin for a Wall Street payout?

Adam Back seems less concerned with bitcoin’s role in displacing traditional banking as he gets rich alongside Wall Street bankers.

Tether-linked Cantor Fitzgerald pays $6.75 million SEC penalty

Tether-linked Cantor Fitzgerald was charged with misleading investors of two SPACs in the run-up to $750 million initial public offerings.

Tether and Cantor Fitzgerald have both grown their collateralized lending businesses by approximately $2 billion over the last few months.

Cantor Fitzgerald CEO Howard Lutnick bragged about holding Tether’s treasuries in a recent CNBC interview.