A pillar of the young cryptocurrency market is wobbling following allegations from the New York Attorney General’s office that the dollar reserves backing popular digital coin tether have been compromised. Investors don’t seem too concerned.
Tether was recently trading at around 99 cents, close to parity with the U.S. dollar, according to CoinMarketCap. Prices dipped to 97 cents on Thursday after the New York Attorney General said the cryptocurrency exchange that controls Tether Ltd. used the reserves to cover up $850 million...
Her person is under some crimes so I'm not a fan of following her allegations
Shareholder doesn't show any panic as well as coin traders. You just boil it for no reason
Don't know about where you could it but madness is only coming in media with some paid rumors
Investors have trustful attitude to the coin anyway, I see no panic from them
What are we discussing is all points on frozen funds is just mass of rumors
It haven't, yes. 'It haven't had much effect on trading', cuz' coins is still transparent
Cryptocurrency investors tend not to be too logical. Cryptocurrency is a good investment, if you don't mind the fact that it is essentially a modern technological twist on a Ponzi Scheme that has a huge negative affect on the environment.
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Cryptocurrencies shed $10 billion in an hour on worries over 'stablecoin' tetherThe cryptocurrency market shed about $10 billion in value in the space of an hour late Thursday, CoinMarkCap data showed. Nothing to be worried about. Cryptocurrencies are pump and dump ponzi schemes. Last time teatherfud happened on october 15. We had similar news price pumped 600$. Today we get same news price going down. Keep manipulating 🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »
Bitfinex Used Tether Reserves to Mask Missing $850 Million, Probe FindsThe cryptocurrency exchange operated by Hong Kong-based iFinex raided dollar reserves underpinning its popular digital coin Tether to cover up a missing $850 million, the New York attorney general’s office said. BryceWeiner Bullish 😂 YangVentures As it is very difficult to lose fiat money in banking, it is likely the money is frozen due to an ongoing money laundering investigation, undisclosed. If Bitfinex cannot do deposits or withdraws anymore, assuming they follow the court order, their business takes a deadly hit.
Source: WSJ - 🏆 98. / 63 Read more »
Bitcoin tumbles after New York accuses Bitfinex of using Tether reserves to cover up missing $850 millionBitcoin prices drops as much at 7% late Thursday after the New York attorney general said she had obtained a court order against iFinex Inc., the operator of the Bitfinex exchange in relation to an $850 million cover up.
Source: MarketWatch - 🏆 3. / 97 Read more »
Cryptocurrencies shed $10 billion in an hour on worries over 'stablecoin' tetherThe cryptocurrency market shed about $10 billion in value in the space of an hour late Thursday, CoinMarkCap data showed. Nothing to be worried about. Cryptocurrencies are pump and dump ponzi schemes. Last time teatherfud happened on october 15. We had similar news price pumped 600$. Today we get same news price going down. Keep manipulating 🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »