Tether Scandal Could Cause Big Bitcoin Short Squeeze, Boosting BTC: Analyst

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Last week, the crypto community was shocked when the New York Attorney General’s (NYAG) office revealed that Tether Limited, the issuer of the USDT asset, and world-renowned Bitcoin (BTC) exchange Bitfinex may be in precarious financial standing.

Related Reading: Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation

Respected sources, however, claim that Bitfinex is trying to get off of the purported thin ice, potentially through a deal that could be valued at as much as…

Source link

Related Posts

  • 51
    OK, so what's Bitcoin? It's not an actual coin, it's "cryptocurrency," a digital form of payment that is produced ("mined") by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost. Bitcoin was invented after decades of research into cryptography by software developer,…
    Tags: bitcoin
  • 40
    https://www.youtube.com/watch?v=wku6MGYDuPE BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
    Tags: btc, crypto, bitcoin
  • 38
    By CCN: The office of New York Attorney General Letitia James has officially obtained a court order to request iFinex Inc, the operator of bitcoin exchange Bitfinex and Tether, to cease operations in New York.The Attorney General’s office found that Bitfinex allegedly handed over $850 million... Source link
    Tags: attorney, bitfinex, bitcoin, exchange, tether, general, office, york, source, link
  • 38
    The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the alleged loss of $850 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG)... Source link
    Tags: york, bitfinex, link, source, nyag, general, attorney, week, exchange, community
  • 36
    On April 25, cryptocurrency markets tumbled after the controversy between the New York Attorney General’s (NYAG) office, the stablecoin company Tether, and Bitfinex exchange. Since then, prices have slightly recovered and the entire cryptoconomy regained $4.3 billion... Source link
    Tags: office, link, source, exchange, bitfinex, tether, nyag, general, attorney, york
READ MORE  UK FinTech Says You Can Now Spend NEO Anywhere That Takes Apple Pay or Google Pay

Leave a Reply

Your email address will not be published. Required fields are marked *