You can find my views on crypto and silver and even politics over at reddit (wallstreetsilver) and bullionstacker.com. Same name. I am on a...
What do you think about the Mt Gox settlement? Potential 150,000 bitcoins to be sold......
$1,000,000 Bounty for Tether info... https://hindenburgresearch.com/tether/ :D
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They only settled for the time period of 2016-2018. Tether has continued to commit fraud since then and there is still the SEC and DOJ to worry...
You are right that Tether acts like a sweep money market fund in the stock market brokerages. However, money market funds are regulated to guard...
There is no lie about Tether accounting for 80% of all Bitcoin transactions. Read through the last couple of pages on this thread and you can...
Tether isn't redeemed in any large amount. Its only use is to buy other crypto which creates increased demand and higher price. If you increase...
You should read the CFTC report. Tether was not always backed 100% by the dollar. The peg is set on unregulated exchanges which can be...
Tether accounts for 80% of all Bitcoin transactions. When you manipulate the price/amount of Tethers then you manipulate Bitcoin price.
Unregulated exchanges can manipulate the price. Tether is just fake money that makes it all run smooth.
The CFTC said in their ruling that Tether was not backed by the US dollar. Therefore, it was fake money.
Using fake money in unregulated exchanges means the price goes up. Until someone gets arrested this will continue.
No :)
Tether to Pay $41 million Over Claims that Tether Stablecoin was Fully Backed by US Dollars https://www.cftc.gov/PressRoom/PressReleases/8450-21
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