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The Tether ProblemThe 700 million tether issued indicate the top. Why Tether has to be issued ? Because the whales who dominate the market are about to exit and redeem cash. When I am writing this article, the Tether news just came out. Will the market has a massive pump after the news as it did in last October ? I don’t think so. Notification: This is just an educated guess since I don’t have access to Bitfinex finical documents as the New York state attorney does. LOL Does the Tether company have the equivalent amount of US dollars in its alleged offshore bank account to support its worth? Well, no. But do the Usdts issued have cash to support its worth? It might has. People buy Usdts from OTC market in China, Korea and Japan. Franklin doesn’t endorse Tether alone but in accord with these East Asia currencies. Balls to play this catch me if you can game are from outside America. Some people might argue that crypto has been banned in China. Although China has banned the crypto market officially since Sep.4th 2017, it still exists in a grey area and people in China still have easy access to bitcoins, along with all kinds of other cryptocurrencies which includes Tether. Cause those exchanges in China has “officially” moved overseas. Technically, only the servers . If you want to trade crypto in China, a simple proxy will fix the problem, the same trick they use when “404 Not found” pop up while trying to use Youtube and Google. The Okex headquarters are still in mainland China. Individual investors flocked to its headquarter in Beijing serval times and use suicide threats to try to get a refund whey they lost a big fortune in the future trade. It’s said that the exchange boards have higher connections in the China government. Since these have happened in Beijing, the very capital of China, not just once, Okex still runs well and allege itself to be the biggest crypto exchange.
KRAKEN:USDTUSD
by HumoronJi
USDT case - Do we trust this stable coin?USDT has been The stable coin in which everybody has put their trust and confidence to maintain part of their crypto assets is a stable coin. Well, USDT has fallen by around 3%. From 1 USD for every USDT to 0.97 USD for every USDT. As we can see in the chart, such an important variation hasn´t taken place since October 2018, date in which USDT/USD had a variation of around 8% in 5 days. The cryptocurrency currency created by the exchange Bitfinex is raising more and more doubts. It has recovered from every hit that has had. However, a lot of investors questions its viability. The Copilot
KRAKEN:USDTUSD
by CopilotThe