They failed to update their Syscoin wallet for nearly a month and a half, essentially holding several masternode collaterals hostage. Most other exchanges only took a few days at most to convert to 3.0.
RT @MarcHochstein: To see the phrase "systemically important" used matter-of-factly in a crypto story on eve of the the 10th anniversary of the GFC is like the end of a horror movie where a hand pops out of the ground. https://t.co/WWtCdaQPCe
“As a result, tether has become a key source of liquidity. At times this summer, tether has represented as much as 80% of bitcoin trading volume, according to research site CryptoCompare. When the year began, it accounted for about 10% of bitcoin trading volume.” https://t.co/50CUWZoYWJ
Even if tether actually has the cash it doesn't matter, because they aren't going to reimburse token holders. Their terms and conditions indicate such and no one has successfully redeemed them. They may engage in some reimbursement on kraken to stabilize the market and provide an air of legitimacy but I believe if there was a large crash, a run on tether, the cash would disappear.
I would have liked to read this article, but I think I might have to subscribe to WSJ. Could someone provide the edited highlights? Are they saying, by any chance, that Tether looks mightily like a scam? Will lambchop show up and say that the Wall St Journal know *NOTHING* about finance and economics whatsoever, and that on the basis of his highly informed internet research everything is all legit?
Leonardo Real knows nothing. He wasn't around when Tether was being printed. He's just there to make the place look legit. Most of the wash trading and other illegal activity has been moved to Bitforex and Fcoin which are even more secretive and won't reveal their ownership. They are even trying to create their own Binance Coin like currency to double scam.
Thing is, there are some in the Crypto community, not least @Bitfinexed , who allege that at least some of the dollars aren't really there -- and that it has been used to prop up bitcoin prices.
3/ The article appears very juicy n definitely an enticing read, but as a trader, i only see opinions n no evidence whatsoever that would hold up in court to prove insider trading. Here is another juicy, bullshit article again written by @Bitfinexed about https://t.co/CQwRCGzrWu
CZ has the same concerns concerns about tether as he does any other currency crypto or otherwise. "they are making so much from profit from their regular exchange business they dont need to so anything crazy" https://t.co/MqH6f99eFV