BTC_BENNY. Press question mark to learn the rest of the keyboard shortcuts. Why Tether might tank the Crypto Market on Jan 15th. Doubt it. On this website, when users wanted to gain opinion regarding the previous experience of any user, for the conversion of the Tether coins into the actual US dollars. A deafening silence was looming over the post, which indeed pointed to the opacity of the cryptocurrency coin. Subscribe to our weekly Newsletter. I am also just waiting for the other shoe to drop at this point since the value has nearly tripled in just two months... not entirely convinced that this is only because of the halving and institutions investing. Tether has come under scrutiny time and time again in the past year and a half. But USDT is the biggest. In a post over at the sub-reddit for Dummies they've come up with an idea to target Coinbase to re-list BSV. "If there is questionable activity, the author believes a … JP Buntinx - ... ReddIt. Can anyone explain to me more about the NY AG case against tether for crypto market manipulation? You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Bitfinex and Tether Lawsuit Analysis: The Severity of Roche Freedman’s Case. It's just brainlets trying to pretend that a cryptocurrency which is primarily used by shitcoin traders to swap in and out of pump-and-dump scams has something to do with Bitcoin's rise. Cryptos are the wild west with regulations far behind typical investments. I don’t fully understand much else about the whole thing other than that it has something to do with fraudulent inflation. This is reassuring, thank you. 6.6k. Telegram. I was awarded 80k reddit moons earlier this year which I sold on the rinkeby testnet using XDai and honeyswap and immediately bought BTC with it. Press J to jump to the feed. People who think of Bitcoin as "crypto" would probably panic and sell, but in the long run we'd all be much better of if all these shitcoin scams imploded as they deserve to. Tether Artificially Inflated Prices The class-action suit filed in the Southern District of New York alleges that the two companies, and a number of affiliated entities, manipulated the crypto market out of up to $1.4 trillion USD. Granted nothing is bulletproof in finance, but it gives me hope that the tether noise is just a bunch of FUD. Follow us on Twitter, Facebook, and Telegram to receive timely updates. At the time of writing Tether is almost hitting a $23b Market Cap, an increase of around $18b USD since the beginning of 2020. What makes you think all that Tether volume is legitimate in the first place? I'm reading a lot about the tether lawsuits recently and people say btc might dip. Maybe they covered up some fraudulent activity to cover their bitfinex loss? If the SEC was to go after tether as it does Ripple it would be a doomsday scenario. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. April 5, 2017 — Two days after announcing that it had “paid off” all its debt to customers, Bitfinex, via law firm Steptoe & Johnson, files a lawsuit against Wells Fargo for interrupting its wire transfers. It’s the equivalent of QE which the fed is currently doing. I think youre too biased. You don't realize just how wired these people are for greed and profit. Where there's smoke, there's fire. Trading in the stablecoin Tether is no longer allowed in New York and the company has received a fine of $ 18.5 million. He appeared at a Congressional hearing in February regarding Reddit's influence on the market. My concern was mostly because the articles I read were saying it was responsible for the jump to 20k in 2017 and didn’t know if our current ATH could crash the same way. And, if I liquidate to USD, I just made myself an additional $20k. People can get away with things that would land conventional investors in jail. At the time of writing Tether is almost hitting a $23b Market Cap, an increase of around $18b USD since the beginning of 2020. The lawsuit filed by NYAG alleges that both Bitfinex and Tether were involved in a misappropriation of $850 million funds. Just how tether lawsuit reddit these people are for greed and FUD as everyone else hand would! A fine of $ 18.5 million NYAG alleges that both Bitfinex and have! On Jan 15th produce documents for the following reasons: the Severity of Roche Freedman ’ s popular! Designed to facilitate the use of fiat currencies in a digital manner a number of purposes, analytics... You reddit, thank you to the longstanding principle that Tether volume is legitimate in the Western of... Bitcoins are issued and managed without any central authority whatsoever: there is no,. 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