thanks for sharing this. The lawsuit was about that 800 million loss. How does it address concerns of what is Tether backed by.
https://www.bloomberg.com/news/arti...ir-warning-of-tether-s-sway-on-crypto-markets ----------------------------------------
Do you want me to link to to the thread where you couldn't give me facts and proof after I asked over 5 posts? We are not here for statements and 1 line sentences. Where is the proof?
not sure what more facts you want: 1) it is a fact tethers were created to represent 1 usd (in the bank of Tether Ltd) for every USDT issues. This was proven false 2) tethers are being issued with no control and a claim that they are backed by some assortment of Loans. Sound very shady to anyone who gives it a bit of thought 3) currently tethers represent 80% of BTC trading volume. anyone can easily put 2 and 2 together. Issue enough tethers to buy 1 btc, use it to purchase 1btc, sell 1 btc for real money, pull real money out of the system.
The above is a fact. Good job! Unfortunately... The above is pure speculation. You even admit to it. "bit of thought", "put 2 and 2" are not facts or proof. Come back when you have some. Next.
the fact is that no one has any idea if Tethers are backed by anything. We just supposed to trust them. This is a fact.
Yep just saw it as well. Means nothing of course. If tethers are shut down for good, then we will know BTC real price.