Sublime

•To add insult to injury, if a customer does pay its bills to the business and then files for bankruptcy within 90 days of that payment, under the “Preference Payment” rules, the trustee overseeing the proceedings might seek court intervention to return that cash payment to the debtor’s estate. In short, even after a business gets paid, the cash pa

Tether (USDT) was one of the first centralized stablecoins to be introduced. Every USDT is supposedly backed by $1 in the issuer’s bank account. However, one major downside to USDT is that users need to trust that the USD reserves are fully collateralized and actually exist.

The strategy was something like the opposite of Binance’s. When FTX launched, in May 2019, Binance was merely one of a handful of crypto exchanges with roughly the same market share, of roughly 10 percent. One of those, BitMEX, soon ran afoul of the US Department of Justice, for “willfully failing to establish, implement and maintain an anti-money