Trump to launch World Liberty Financial crypto platform, consumer watchdog warns about Tether’s reserves

Yesterday was expected to be volatile for Bitcoin as macroeconomic data from the US was released, but because the data was mixed, so was the reaction. It ended up being a rather quiet 24 hours for Bitcoin all-in-all, but outside of BTC, it was anything but. A consumer protection watchdog issued a warning about Tether’s reserves and lack of an independent audit, but are the criticisms justified? US diplomats have been applying pressure on Nigerian officials as the Binance exec imprisoned in February remains behind bars and with worsening health. And finally, Donald Trump announces the launch of his crypto platform, World Liberty Financial, led by his son — but what is it? 

Further reading:

• Bitcoin price slips from $58K as US PPI, jobless claims surprise
• What ‘far-fetched’ scenarios could still send Bitcoin price to $0?
• Consumer protection watchdog warns about Tether’s reserves
• US diplomats pressure Nigeria to release detained Binance exec
• Trump to launch World Liberty Financial crypto platform on Sept. 16

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