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 surpriseWhat ‘far-fetched’ scenarios could still send Bitcoin price to $0?Consumer protection watchdog warns about Tether’s reservesUS diplomats pressure Nigeria to release detained Binance execTrump to launch World Liberty Financial crypto platform on Sept. 16Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.