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tech podcasts. He lives in Los Angeles. Image, on some days, Bitfinex claims to carry more transactions, in dollar volume, than major stock exchanges. Tether and Bitfinex have insisted that the two operations are separate. In February of 2012, Phil Potter and his partner merged their businesses with the principals online bitcoin slot machine of WTS (World Trade Securities) to form World Trade Financial Group (wtfg where Phil served as the Group CFO as well as the CEO of the new branded technology unit. Square, the fast-growing payments company run by the Twitter co-founder Jack Dorsey, has begun selling Bitcoins to ordinary consumers, and the Chicago Mercantile Exchange will soon allow banks to trade on the value of Bitcoin.
Order Reprints Todays Paper Subscribe Related Coverage Hedge Funds Push the Price of Bitcoin to New Highs Nov. But nothing has drawn more criticism than the operation of Tether, a virtual currency that is supposed to be tied or tethered to the value of a dollar. The most frequent face of Bitfinex is its chief strategy officer, Phil Potter. All of this could be easily rectified by just showing all the figures. Banks have also been put off by Bitfinexs operations. A Washington law firm that former FBI director Louis Freeh co-founded recently stated in a report that Tether had enough USD reserves to support its circulated virtual coins.
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