/biz/ - Business & Finance

Time for another pump, frens

>>25735881
activateh ze duhmp
quantuhm moneh printehr puuuuuhhhmmmmpppp

>>25735854

>People actually thought they wouldn't do it.

Dare I say, it may be too late to ride the train now

I'm starting to believe in this whole tether exit scam theory. It's just too convenient how every time BTC stalls new tethers get printed.

>>25735932
When there are multiple billionairs and "institutions" per day buying pajeet USD from tether and buy bitcoin using it

ohhhhh loooorddd caaaan youuu seeee

>>25735854
Oh, thank fuck for that print. I was on the verge of dumping my ETH.

https://www.youtube.com/watch?v=KdftbYqA_VQ

>>25735997
There really isn't much correlation. These threads have been posted for years and btc sometimes goes up, sometimes goes down.

>>25736416
>There really isn't much correlation
Get a load of this guy

How has tether not made infinite money via arbitrage at this point? I hope they just show the sec the biggest fuck you stack of money earned for nothing

>>25736416
> not much correlation

ok paolo

>>25735854
based, the fed does this all the time so why can't we? when it collapses we go full bitcoinization

>>25736490
who is bagholding all that tether?


the feds are legally allowed to print, tether is gonna have to look for the most remote island with tons of super aids to hide from the feds when they crack down

>>25735854
damn, I want to fuck a whale

>>25736477
no shit, if the demand for bitcoin goes up, so does the demand for tether

>>25736548
>who is bagholding all that tether?
not me
>legally
don't care
>tether is gonna have to look for the most remote island
don't care, I don't use tether

>>25736602
and more demand for bitcoin = price goes up, more demand for tether = more tether is printed

>>25736477
the correlation is you can see when the rise is speculation/futures driven and when spot driven. spot driven real bull market is signaled by tether printing.

>>25735854
It’s backed by an equivalent of US dollars don’t worry bros this shit is LEGIT

>>25736673
first i think all "backed" schemes are retarded it's just trusted authority fractional reserve schemes all over again

second if usdt is partially backed by bitcoin and other crpyto assets it's more legit than the usd and should trade above parity.

>>25736602
Its so weird that demand for masks has gone up at the same time of coronavirus. Do you think masks cause coronavirus??

>>25735854
2.8B in 9 days. They're really working that printer hard. This is the final stretch. No holds barred.

Unless the SEC makes a public announcement on or after 15 Jan, we're going to 100k before the feds get around to raiding their offices. Screencap this

>>25736754
hmm... that's a good one.

>>25736754
They cause pneumonia fuck stick.. demand went up before the cdc announced anything. N95 masks disappeared all over the country before the shutdown. Yet the masks have not slowed anything. Look at Ca and ny.

>>25736602
this is why I dont get it. On all of my local registered crytpo exchanges you can directly buy BTC with real world currency, why do you think big institution need to buy tether first to buy BTC?

>>25736463
They make a lot of money but also have to pay a lot of people off

>>25736846
Wew lad. You're quite the faggot aren't you?

>>25736917
They minted 2.8B in 9 days, half of USDC's market cap.

Everyone knows USDC is compliant and audited. If you were a hedge fund, why the fuck you mint with the stablecoin that has RICO charges filed against it?

It doesn't pass the smell test.

>>25737036
>Everyone knows USDC is compliant and audited.
that's what they say but how would i know? coinbase is one big gay scam after the other.

>>25737036
Yeah, big institutions can buy BTC over the counter or some shit and settle it with USD/EUR/YEN, why do they need to ramp up to tether first? Even normie like me can buy BTC with my local currency as well, it really stinks how this tether works.

>>25736917
in china they can't

test

>>25737097
Nah, they have attestation reports and audits from big 4 accounting firms. It's about as much assurance as you can get.

Tether's "audit" is a half a page letter done up by some dodgy accounting firm based in the Cayman islands and it was settled by their in-house general counsel.

You can't make this shit up, it'd be so hilarious if the implications weren't so dire.

Warning: Exit SCAM incoming this week.

>>25737156
>it'd be so hilarious if the implications weren't so dire
this, I'd be lmao if I was a nocoiner
I laughed at Enron because I wasn't involved in any way

>>25737127
Relevant china finance institutions are owned mostly by CCP unlike in the west where the institutions are mostly private.

I bet 10 sats that absolutely nothing happens.

>>25737196
Tether scams are headquartered in Hong Kong, technically not China. They have a deadline to provide backing on the 15th, so they're pumping crypto to the max and liquidating silently for the exit scam. Rugpull on an institutional scale.

>>25737196
not institutions but millionaires and billionaires

>>25736846
this is who we are trading against, wagmi

>>25737156
all word documents are made equal
trust if you want to be disappointed

>>25737384
how do these billionaires swap their yuan with usdt? There is no way large movement or settlement of yuan didnt trigger china's equivalent of fincen.

>>25735854
>he still posts tether fud for years and years
>he justifies being a disgusting filthy subhuman no-coiner

You're going to miss your last chance and nobody is going to give you sympathy coins.

>>25737569
> calling it fud
> not showing a single counter-argument
> just t-t-t-trust the curry people to back USDT 1:1

your brain must have received high level radiation from cranking your monitor to 200% brightness when watching tranny hentai

>>25737267
i have a stop in profit just in case
>>25737387
yup

>>25737997
You think the exchanges will have the liquidity to fill that order if Tether Rugpulls?

Lmao

>>25737828
what's your argument that it isn't backed? some guy on twitter? a screenshot of a court document? I haven't seen one convincing argument for why Tether isn't backed, just a bunch of Qanon tier conspiracy retardation

>>25738035
If it's not a tether pair why wouldn't they?

>>25738069
Their "audit" isnt audit. Onus Probandi is on the tether, they so far havent provided any evidence their shits are backed up.

>>25738035
easily

Who tf even cares if it's backed or not? If not, people will sell their tethers for bitcoin or use other stablecoins. I still don't get how this would affect the bitcoin price

>>25738120
absence of evidence isn't evidence of absence

>>25738035
Yes.

>>25738069
There's a large overlap between tether fudders and XRP schizos, so it's not surprising that they're retarded

>>25738120
Bitfinex about to exitscam this week

>>25738148
Because the entire BTC price has been inflated due to buying pressure from fake money. Tether manipulating the market is the antithesis of everything Bitcoin stands for. It’s some central bank market manipulation bullshit.

>>25738197
I've noticed that there's also a large overlap between tether fudders and alex jones listeners. these are the types of people who see shadows lurking behind every corner, the type who extrapolate a single data point out into a sinister global network of conspirators.

tether fudders tend to be the lowest of the low, the same sort of people who think donald trump really won the election and we should trust the plan

>>25738208
Yeah, so what? You telling me that the tether price inflation is even comparable to USD asset inflation?

>>25738307
No Anon. I’m saying it’s worse.

>>25738471
i dont even care anymore desu. don't know what to believe. never selling tho

>>25738208
"On 20 November 2018, Bloomberg reported that U.S. federal prosecutors are investigating whether Tether was used to manipulate the price of bitcoin.[1]"
https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether

Whatever happened to that?

>>25738526
enjoy living like a hobo for the rest of ur days lol

>>25735854
SEND IT

>>25738549
>bloomberg
yeah, what happened I really needed that hard hitting kike journalism that's full of truth to benefit people
gtfo and suck another foreskin rabbi

>>25738551
why are you getting mean

>>25736004
Imagine maxis cumming at Microstrategy guy buying several hundred million dollar worth of BTC when these clowns can just do the same every day.

>>25738621
What, you're saying they just lied about the DOJ investigation?

>>25738713
this is what peak delusion is like sir, dont try to reason with them you will only aggitate them

>>25738754
If the Tether fud were legit, surely that investigation would've come up with something, right?

I mean it directly investigates the Tether fud, and this was two years ago.

>>25738149
this faggot believes in god

>>25738713
>>25738754
how new are you niggers?
my youngest brother in highschool and his friends are more redpilled than you and they only ever use IG and plebbit
how did you niggers manage achieve lower IQ than literal subsaharans?

>>25738809
the lawsuit is literally about that 2018, the recent fake tether pump is not about that, how retarded are you

https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

also 2 years ago is like 20 years in traditional finance

>>25738911
>the lawsuit is literally about that 2018
I'm asking what came of it.

>>25738904
yes everyone here is a genius invester, including your 17yo brother who gets all his information off instagram, you are most certainly not backing up our point that the market is in the peak eurphoria stage where idiots like your 17yo genius invester brother are allowing tether to cash out

>>25738926
They have until Jan 15th to provide proof for their backing. They haven't so far. That is where the lawsuit currently sits you fucking illiterate subhuman curry nigger.

>>25735854
Why haven't you realized that the entire system is just going digital? Literally nothing is changing it's just going digital. You do know the US government recently used USDC to circumvent Maduro is Venezuela, right? You do know the lightning network is just the banking cartels ace in the hole, correct?

>>25738926
>kikes tell kike lies about kike shit
>world keeps on turning
seriously just go back, the fact this is blowing your mind is embarrassing as fuck

>>25738957
>They have until Jan 15th to provide proof for their backing.
The 2018 DOJ investigation set the deadline for January 2020?

>>25738985
So you're saying Bloomberg just lied about a DOJ investigation?

>>25736004
you ever ask yourself, why do people buy tether and THEN bitcoin, instead of just buying the BTC/ETH from the exchanges directly?

>400000000 USDT
>401247708 USD
Something doesn't add up here. Could it be they are printing more USDT in order to inflate the token count and bring its value back in line to be 1:1 with USD?

>>25738069
In 2018 when the peg started to break they were claiming they're 100% backed and there is no need to panic as people faced problems with withdrawals. In reality they were lying and in court documents it was revealed they had a black hole in their books, they were involved with some money laundering multibillion shadowbanking operation that was shut down by the feds and involved in dirty money and cartel business, their shady stashes confiscated in multiple countries. Research Crypto Capital and Reginald Fowler. But there's more. Initially they claimed Tether and Bitfinex isn't the same entity, they were, courtesy of Panama Papers.
There's way more but a smoothbrains won't even bother reading court documents and looking at strange convergence of disturbing facts so it doesn't matter how many provable red flags they see, they'll wake up in their bed and believe what they want to believe.

>>25736416
you are telling LIES that will HURT PEOPLE

GET A FUCKING REAL JOB

>>25738954
>topic was what happened to jewish lies
>gives unrelated rant
top kek post your hand nigger
>>25738996
nigger you clearly have internet access
why is jews lying about jew shit for jew results shocking to you on ANY level?
where the fuck did you come from?

>>25739052
>nigger you clearly have internet access
>why is jews lying about jew shit for jew results shocking to you on ANY level?
>where the fuck did you come from?

Just saying "hurrr the story is fake" isn't very convincing.

>>25739001
>I can't think of any good explanation for something therefore it's a conspiracy

>>25739019
thanks bro you've opened my eyes. trust the plan

ok for all the people that drained their brain to have more space in their head for sucking cock

https://medium.com/coinmonks/tether-a-potential-disaster-waiting-to-happen-89e1b50570ac

read this and stop posting here, if you still believe in tether after reading you are beyond saving and not even mcdonalds will employ you when all this shit crashes

>>25737156
so many boomers and retards who put their life's savings in BTC are going to get wiped out because of this.

i know two BTC maxis personally (my retard cousin and my ex-gf) who simply refuse to listen to me, saying Tether FUD is old and I'm just a bitter nocoiner (I got out of BTC).

>>25739080
just go back already niggerfag
I'm not spoonfeeding you redpills, especially not since you appear to be about 30 years behind basic truths even hs kids know today

>>25739084

>>25738069
https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

here is the lawsuit. you are LYING and those lies will HURT PEOPLE

that's BAD

>>25737516
Because it's total BS. If tether is able to create a non-shady mechanism to transfer billions bypassing currency controls, the wall street shops would be diving right in with their own branded versions. The tether shills are grasping at straws.

>>25738549
find out january 15!
https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

Defendants Lie To The Markets About USDT ........................................................4
1. Expert Analysis Shows That Tether Did Not Issue USDT Only In
Response To Legitimate Customer Demand ...............................................5
2. Tether’s Banking History Shows That USDT Was Not Fully
Backed By U.S. Dollars ...............................................................................7
3. Tether’s Strategically Timed “Burning” Of Over A Billion USDT
Shows That USDT Was Not Fully Backed By U.S. Dollars .......................8
B. Defendants Use Debased USDT To Manipulate The Crypto-Commodity
Market ......................................................................................................................9
ARGUMENT
I. PLAINTIFFS STATE VIABLE ANTITRUST CLAIMS .................................................12
A. Plaintiffs Have Antitrust Standing Because They Transacted In A Market
Subject To Price Manipulation
B. Plaintiffs State Viable Section 2 Claims ................................................................14
1. The Bitfinex/Tether Defendants Have Monopoly Power Because
They Directly Controlled Crypto-Commodity Prices ................................14
2. The Bitfinex/Tether Defendants’ Manipulation Of CryptoCommodity Prices Was Anticompetitive...................................................17
3. Defendants Conspired To Monopolize The Crypto-Commodities
Market
4. Alternatively, Defendants Attempted To Monopolize The CryptoCommodity Market ....................................................................................19
C. Plaintiffs State Viable Section 1 Claims ................................................................19
1. Defendants Conspired To Inflate Crypto-Commodity Prices ....................20
2. Defendants’ Conduct Unreasonably Restrained Trade

>>25739158
>still try to fud Tether after a 2018 DOJ investigation found nothing
tsk tsk

>>25739244
>>25739195
This is a civil case.

>>25738996
Go back

>>25739121
just read the article. no facts or evidence tether isn't backed. it's all supposition the only thing tether fudders have

>>25739159
how exactly does that prove that tether isn't backed? a couple lines from a chat log don't prove anything. we don't even know the full context. typical conspiracy retardation extrapolation

>>25739195
i've skimmed through it before. a lot of accusations but many of them read like nocoiner nonsense from people who don't understand crytpo. accusations are just that. they aren't proof

>>25739303
Seethe harder.

>>25738965
you ever tried to use Lightning Network, anon?

>>25739084
lol are you saying Tether is trustworthy and there's no conspiracy? there's a NY attorney general lawsuit that claims exactly the opposite quite persuasively

>>25739159
see this

Tether/Bitfinex have RICO charges

>>25739195
>Plaintiffs Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein
kek you can't make make this shit up

>>25739293
go back nigger, you can't even understand 2 simple sentences and you talk like a faggot that cut his dick off
ywnbaw

hmmm. looks to me like the market values tether MORE than USD, odd that.

>>25735854
I'm going to redpill you with the truth.

1) USDT is a scam. There is zero (ZERO) doubt about it.
2) Point #1 does not matter. It is a bootstrap: by maintaining the illusion of it being real, Tether has survived long enough for one big change...
3) Real institutional money is coming in, and they are not playing small. Grayscale, Circle, Coinbase are all influential and loaded with investory money. They all know Tether is a scam. It doesn't matter: what matters is the price of BTC. By selling the narrative of "store of value" successfully, BTC has been adopted as a reserve asset in real life.
4) The price of BTC is going up, and because of that big companies with real fiat are buying in. Ironically, this makes it "real".

BTC-USDT is like Tupperware. It started as just another scam, but generated enough true believers to graduate into something 'real'.

Gold will be replaced. There is no doubt in my mind. It's an equally stupid store of value, and its price is actually DROPPING right now.

Do yourself a favour and just buy in. This shit is going to 5-10x in the next five years.

>>25739383
>you can't even understand 2 simple sentences
Here are 2 simple sentences:
1) DOJ investigated Tether in 2018
2) nothing came of it

>>25739353
>are you saying Tether is trustworthy and there's no conspiracy
no, I'm saying we shouldn't start from the assumption there is a conspiracy

>there's a NY attorney general lawsuit that claims exactly the opposite quite persuasively
or it could be confirmation bias because you want to believe tether is a conspiracy. let's wait until they show us some proof

>>25739195
>>25739244
One of the plaintiffs in that case (Pinchas Goldshtein) is a literal drug lord:
https://www.brooklynpaper.com/for-this-alleged-drug-kingpin-silence-was-the-prescription-for-success/

Tether FUD means we are in a real bull market.
Keep it coming, nocoiners.
Bitcoin 100k by may, 1 million at end of year.

>>25739353
>there's a NY attorney general lawsuit that claims exactly the opposite
I hope you're not talking about this lawsuit: >>25739244 >>25739195

Because that's a civil lawsuit, not a "NY attorney general lawsuit).
The plaintiffs' names are Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein.

Goldshtein is a literal drug kingpin: https://www.brooklynpaper.com/for-this-alleged-drug-kingpin-silence-was-the-prescription-for-success/

>>25738604
One on the left omg

>>25738954
these people are not humans, there is no way them and I are the same specie

>>25739729
yet you both have the same genius investment stratergy

>>25739567
the chad who kills crypto, your about to be goldsheined, against jews you lose

>>25739019
>shadowbanking
No they aren't retard. The entire defi space could be classified as shadowbanking and tether has fuck all to do with it.

>>25739449
this
There is no audit, the blatant fud campaign is finished and only a complete retard would fall for it. The discord trannies are so fucking desperate it's hilarious

Dear discord tranny
I have more money than you and am a white supremacist, Lmao.
Love, anon.

P.S. You'll never be a woman

>>25739427
Had to scroll this far to find a non-retard who understands it. Tether served its purpose and will be done with soon and it won't even matter. The big boys have come to play and btc price may drop a little from the "sell the news" crowd, but overall will continue up over time. The paranoid anons in here are so gullible, but the reality is that it's their first time most likely being in this situation. A huge stack to them may only be 20k when for some of us, this is nothing.

>>25740001
>you wipe your ass
>they wipe their ass
>you are literally the same
though I doubt you wipe yours

>>25737176
You know what I am wondering anon ? If you truly believe this then why are you here ? If that is true there would be no reason to hold BTC for you. Do you do this out of the kindness of your heart to just be on /biz/ all the time and repost it to save people from getting scammed ? Or is there a hidden agenda to it ?

>>25736754
Kek.

>>25738926
The lawsuit is the result of the 2018 investigation.
The investigation didn’t get anywhere because tether didn’t provide docs. This suit (and the deadline next week) is compelling them to provide.

>>25741458
>The lawsuit is the result of the 2018 investigation.
source?

>The investigation didn’t get anywhere because tether didn’t provide docs.
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

Oh god imagine actually believing this is how a federal investigation works.
Oh god, oh man, oh god, oh man.

>>25739210
Hopefully there is some sort of actual tether fraud. It will plummet the price and sort it self out enabling us to buy more. It’s not like this will end the Bitcoin lol

>>25741498
I’m embarrassed for you.
Investigations can take years.
Moving through all the steps to get to pressing charges or forming a case can take years.

>t. Derivatives lawyer.

this is the joke:

tether was at one point 70 percent unbacked

the recent run and institutional investors piling in made tether 110% backed
15th of jan we shoot above 100k and never be below again after

screenshot this

>>25741544
>Investigations can take years.
You just said the investigation didn't go anywhere because tether didn't produce the docs lmao.
You're not weaseling out of that absolute brain fart.

You also said that this civil lawsuit by a drug dealer and his friends is the result of the 2018 DOJ investigation, so please provide source.

>>25737176
Its not been any secret for a while that funds on exchanges might not be safe, that china is, in practice, in the business of randomly confiscating bitcoins, and that exchanges are an ideal place to do this.

However its unclear how this affects me and my bitcoin which is not on a Chinese exchange ... ?

>>25735854
PSA: 400M USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.

>>25741603
Banks have routinely run fractional reserve at much, much lower liquidity than 70% and because of this, you think there is a risk of insolvency?

>inb4 babby's 1st lesson in economics

>>25739001
Anonymity

>>25741613
That’s why investigations take years, my simple friend.
If they can’t access docs, they can’t actually investigate anything. The defendants will use every means possible to delay, obfuscate and avoid providing docs. It takes time to work through all the motions to get to a point of forcing compliance.

>>25741719
It’s not really comparable. Banks have assets and other income streams. What does tether have other than tether?

>>25741780
>If they can’t access docs, they can’t actually investigate anything.
Anon, that's not how federal investigations work.

It's hilarious watching you spin your little fairy tales in real time.

As they intensify $500M/day printing, they are signaling a massive rugpull that will drain exchanges of liquidity and bankrupt them.

>>25741719
Read again cumbrain were going to six figure bitcoin

>>25735854
So if Tether is going to collapse, where do you put your money bros? TUSD, BUSD?

>>25741818
>What does tether have other than tether?
tons of bitcoin, you know, that thing that is going to a few million per coin cause essential fiat is worthless?

>>25739427
Actually nice to see someone who gets it

>>25741834
That’s exactly how federal investigations work.
If someone is investigating you, you file suit after suit to prevent disclosure of docs. Arguing lack of standing, confidentiality, malicious prosecution, etc, etc... you don’t just hand them over.

Unless a court order is granted, you don’t hand over shit. I don’t know why the matter was never pressed (to get a court order)... it may have simply been seen as a no-win or too difficult-win due to the defendants being outside of the US (compelling disclosure would mean suing in the home jurisdiction to force disclosure of docs from there). This would be particularly painful if China is the other jurisdiction.

Look at the allegations in the suit: everything relates to 2018.

I’m not making any claim as to the validity of the suit by the way. I’m just letting you know that 2018-2021 (just) is not a long time for an investigation/suit to take place.

As far as the drug dealer: you need a plaintiff who suffered actual harm

>>25737176
Could it be the removal of most US customers from binance?

>>25742218
>If someone is investigating you, you file suit after suit to prevent disclosure of docs.
That's not how federal investigations work, buttercup.
And please explain how that DOJ investigation led to this civil suit like you said.

You're truly going off the deep end.

>>25742083
Mortgages, loans (business & private), repo and sec lending, securitised assets, govvies, and a whole host of other assets.
Vs.
Some Bitcoin (famously stable!)
>cause essential fiat is worthless
Why not just say you’re a schizo?

>>25742342
>That's not how federal investigations work,
You can repeat it as many times as you like, but it won’t make it true.
Federal authorities can’t just claim access to any documents they want. They have to have legal authority to do so. Getting that legal authority is not always straightforward, particularly when dealing with multinational entities.
Maybe more on your level: the police need a warrant to search your crack house. They need a court to grant them that warrant. They can’t just decide to come in and have a look around.
Now imagine that you had houses in several countries. How easy do you think it would be for them to get warrants to search all of your houses?

How did a DOJ investigation in 2018 lead to a suit by the NY AG which relates primarily to accusations in 2018? Is that really your question?

>>25741818
>Banks have assets and other income streams.

Thats what I'm referring to, but those flows are never going to match or exceed the fractional reserve, nor are they meant to.

>>25742624
So perhaps, the subpoena will resolve into a warrant, and Interpol will kidnap Kikey McKikester as they are walking to Starbucks, put them on a plane to NY, where they can sit in jail awaiting jury trial for years, or, they can start producing documents and proof of reserve assets ?

>>25742624
You don't get to just not give the feds the info they want you absolute dumbass.

>How did a DOJ investigation in 2018 lead to a suit by the NY AG which relates primarily to accusations in 2018? Is that really your question?
Literally yes (other than the fact that this is not a suit by the "NY AG", but rather a civil suit by a drug dealer and his friends)

You guys do realize that the NY AG case isn't even about Tethers reserves or backing, its about a matter that happened in 2019 when one of their banking partners ran off with funds. Tether actually tried to recover these funds for its customers, complied with previous investigations, and has actually been turning in documents for this case? January 15th is simply the deadline for them to turn in documents related to this case (and this case only, the other case that gets posted here is a class action and has not been substantiated)

I invite you to go and read about the case brought by the NY AG, all of the info is there.

>>25743807
>the NY AG case
What NY AG case?

Imagine being one of the poor souls who fell for the tether FUD all these years and refrained from buying bitcoin when price was 1/40th where it is today

LMAO

same fucking braindead retards that probably listened to the Willy/Markus bot FUD from mtgox and cried bitcoin was going to die ANY DAY NOW with that artifical bid support gone

HAHAHAHAHAHAHAH

>>25743830
Like I said, look it up, its the case that a lot of people are screeching about but clearly most of them haven't read it

>>25739328
>how exactly does that prove that tether isn't backed? a couple lines from a chat log don't prove anything. we don't even know the full context. typical conspiracy retardation extrapolation
Jesus Christ. If you literally typed bitfinex merlin you'd get tons of articles that spoke about this in the NYAG case. It was made public in court documents. A context for those who are too stupid to research this stuff themselves:
NYAG sued Tether over alleged fuckery. They mauled their lawyers enough to procure some documents among which happened to be private chat logs between Tether and Crypto Capital. Later they kind of admitted they're not fully backed (74% allegedly) but it was in 2019 when they only had like 5 billion not 23 billion or whatever the fuck is the new number today the literally print hundreds every day. They kept stalling for time since then making up shit and excuses, they didn't want to provide more documents proving there is no fuckery but they're running out of time as eventually they ran out of every repeal avenue. We'll see what happens next in time.

>>25743981
You mean this one: https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf
?

Because that's a civil case by a drug dealer and his friends, not an NY AG case at all.

>>25739034
does anyone has sauce for this? Where can I see the actual amount of tether printed/burned by date?

>>25739019
>they had a black hole in their books
That just means the fed needs to give them more money to maintain stability.

>>25744011
If you can't find the NY AG case in minutes you are trying to be obtuse

And yes the case you linked is the one I said isn't substantiated whatsoever in my previous post

test

>>25738957
No they don’t kek

READ THE FUCKING DOCUMENTS

The 15th is specifically about $800 million that was paid to crypto capital which is an offshore entity in he caymans and the circumstances surrounding that. It has nothing to do with whether or not tether is backed or not

Let me make this clear for you:

- Exchange pays tether $100 million for 100 million tether
- Tether now has $100 million real dollars to back what was printed
It’s that fucking simple. All this tether fud is actually about crypto capital and what happened there. What will come of this lawsuit? Possibly a payment to the plaintiffs which tether will easily afford. THATS IT, THATS ALL THAT WILL HAPPEN YOU FUCKING DONKEYS

>>25744282
This dude read the case documents! I'm impressed.

>>25736477
that image actually confirms there is no correlation. are you retarded?

>>25743991
sure pal. sounds like you've cracked the case. they should hire you to investigate since you know so much

>>25742033
btc

>>25744282
Sort of but not really. Since they can't produce the documents they don't have (because they never existed, their relationship with CC was off the books, no receipts, no documents, verbal contact only) they are thus revealed they are shady AF. Furthermore NYAG uses this opportunity as a leverage to investigate further. It's a beginning of discovery process that they hope will net lots of juicy stuff or worst case scenario nothing because the emperor is fully naked and they're shady operation that has no documents and they'll get fucked.
The entire year and a half of back and forth in thick, obtuse legalese was because Finex dudes know that this is merely a foot in the door and they themselves argued against this that this is an extraordinary reach looking for dirt without good enough reason. In fact if you actually read court documents you'd see the insane amount of discovery and the wide scope of documentation NYAG demanded from them. But you're too uninformed to know this. It would not only cement their 800 mln hole, if they revealed all information NYAG demanded originally they'd be laid bare without a single secret left. Completel annihilation. So they cried the demand was a huge overreach, the NYAG argued they can't prove there is no fuckery since they only have strong suspicions and no credible information so they demanded proof, eventually based on many previous precedents the judge agreed this is sound argument and sided with NYAG, finex excuses and pearl clutching failed and we're back to square one. And you're still too dumb to realize the play NYAG was making back then.

>>25744420
I know so much because I bothered to read uncontested, uncontroversial, publicly available information. Something you're somehow incapable of.

>>25744742
But will it actually matter when tether is 2% of the market cap?

I mean banks loan out money which is like 100x their reserves and nothing happens there

>>25744702
Everything you said is literally speculation and assumptions. According to the NY AG, they have been complying with producing documents so far. Not only that, but cases don't work like that. If the case is about the 2019 incident, that is what they will litigate on, not "everything shady". They would bring a separate case, you cannot litigate on an arbitrary amount of matters in one case.

>>25744742
yes I'm sure the case will be cracked wide open and the conspiracy will be revealed any day now. then you can finally be vindicated for not buying bitcoin when you had the chance. trust the plan

>>25744773
It's always the same with you guys. First you're provided with reasonable skepticism and you deny or try to attack the messenger or even questioning their sanity. Then when the messenger gives you arguments you say it's not true. Then when the evidence keeps piling on and you can't deny anymore because it's publicly available information covered in media and easily verifiable by any 50 IQ brainlet you move the goalposts again and say stuff like "does it even matter?" and "nobody cares". At least admit you're not interested in truth in the first place, you just don't like the optics and bad mojo spoiling the positive vibes. It's all about the optics and emotions. Nothing more.

>>25744917
You're adding a lot of personal opinion to your analysis, the documents show a part of what you're saying but you're trying to read between the lines. I mean, you might be right but legal stuff doesn't work like that, its explicit. If there is a case regarding their reserves/backing, it will be a separate case from the current one.

>>25744873
No everything I said is facts. Back then NYAG asked for such a humongous treasure trove of information that when I read that I kinda felt bad for them a little. But honestly, fuck them, the discovery is going to be fun.
>According to the NY AG, they have been complying with producing documents so far.
No they were not. Not even close to what was demanded. There were literally battling back and forth for months because finex dudes pretended they gave them all the good stuff and NYAG was saying it was ludicrously insufficient and lacking vs what they asked and judge agreed. Memorandums, repeals and mental gymnastics ensued, again and again up to 2020 in order to argue that they gave them enough. That was the whole shebang the whole time.
>They would bring a separate case, you cannot litigate on an arbitrary amount of matters in one case.
Yes but the stuff NYAG asked was so exhaustive they'd see what they wanted to know and at the same time have access to so much dirt for free it would be enough to easily unravel most of the other bullshit.

>>25735997
Its fud tether prints when it goes up because daytraders demand increases

>>25737176
Cope

Lol these bitcoiners are in a truck flying down a hill and the driver says "we have no brakes" and they're just like "FUD!"

>>25737176
>Demand for Buttcorn is at ATH
>Can’t keep up with all the money flowing in
>Print more usdt in order to keep up with demand

so 2.8 billion in less than 10 days
this is actually amazing

>>25745433
People can settle btc with usd/eur directly though? Why do you need to ramp up to tether first?

>>25745437
Is there a ceiling to this farce honestly? Tether could maybe print even 1 billion funbucks every day from now on and the market will cope that it's institutional investment and organic demand from traders or some shit. Like imagine if you were in their shoes, who would resist the temptation to push the button again? It's like a rat playing with the lever in a Skinner Box except food he gets cocaine and he keeps pushing the lever faster and faster and faster until it overdoses.

>>25744112
No, because the charts are using completely fabricated data. Tether was printing the entire bear market, obviously it prints way more now but there is also waaaaaaay more money entering

>>25745595
if the tether conspiracy is so obvious why don't we see any articles on CNBC or WSJ? With all the hype around bitcoin lately you think some of these journalists would be on top of the story. Why is it only anonymous Qtards on 4chan and Twitter who spread tether FUD? Why are they the only ones who are in on the big secret, if it's as obvious as the fudders claim?

>>25745437
Completely unbacked fake money. Google "bitfinex" they've scammed customers out of billions and their wikipedia is full of horror stories. They're the company behind Tether. Their paid shills are trying to convince you that "institutional investors" give them billions each week for tether, yet their transactions only end up in Chinese exchanges like Binance and Huobi that wash the fake money with crypto purchases and manipulate the market. It's a house of cards that will burn millions of clueless people.

>>25745595
numbers actually went up massively all trough 2020 but it's going insane right now
I remember how insane it was when they printed 3x60M back in march

>>25739121
>beyond saving and not even mcdonalds will employ you when all this shit crashes
>2017, its gonna crash
>2018, see its crashing!
>2019 , its going to 0
>2020, stop buying its a scam
>2021, tether is gonna crash it all
Whatever dude. It hasnt done anything yet and it wont.

>>25745728
MSM are busy dethroning our president you tard.

>>25745660
>No, because the charts are using completely fabricated data.
it's literally using cmc tether mc chart faggot

>>25739427
>equally stupid store of value
kek, you had me going there until this

>>25745729
This is just regurgitated FUD from last bull run and the one before that. Say it with me now: Already priced in

>>25739567
Hey, cool it with the anti-semitism

>>25745800
so because of that, CNBC the 24 hour business & finance channel can't spare any resources to look into the tether conspiracy even as bitcoin surges and the hype around it spreads? Even though CNBC has multiple segments on bitcoin every day, can't be bothered to look into the tether rumors? could it be that the tether fud is bullshit so they don't bother reporting on it?

>>25745595
>Is there a ceiling to this farce honestly?
They uses to print smaller bricks of $20-30M but now they ramped it to $400M a day for the final exit scam. They'll rug everyone, their partner exchanges will declare bankruptcy and the CCP will seize their assets in Hong Kong never to be seen again, walking away with the biggest stack of BTC since Mtgox.

>>25745872
you really think its in their interest to give actual information to the bix nood black people and redditors throwing all their money into a chinese scam that directly benefits china and you know what china funds?

>>25745840
Suck a cock chink shill. I did the research, tether was 5% of the liquidity pool in 2017 and it's now over 70%. Bracing for the final exit scam.

>>25745800
maybe the MSM is in on the in on the tether conspiracy, along with the Obamas, the Clinton crime family, and the Rothchilds... really makes you think

>>25745728
This stuff was exhausively covered by MSM in 2018 and 2019. I saw articles in Bloomberg, NY Times, Techcrunch, Wall Street Journal you name it. But the story is old because it's been a back and forth for over a year so the news cycle moved on to other stuff, still some crypto news mention new developments from time to time. Also it's not a god damn secret, it's a public case led by New York Attorney General not some Qanon from their basement.

Tether is the #1 crypto in volume by far, when they rug all exchanges go down. This volume is also fake and it's much higher - cz bought coinmarketcap to manipulate the stats as he wishes.

>>25745974
where is the coverage now in 2021? pretty strange that everyone is so silent seeing as how the conspiracy is about to blow wide open. Jan 15th is the day that the conspirators will finally be brought to light. only a few days away and yet all the major news outlets arent even mentioning it as bitcoin surges to new heights. seems suspicious doesnt it? they must be in on it. trust no one

>>25746054

>>25745926
>this time it's real!
Just be honest with yourself. You sold your bitcoin, it kept going up, and now you're sweating bullets.

>>25746092
There is no coverage other than few mentions in specialized outlets because there is no new breaking news to cover. Until new possible developments after January 15th we're still stuck in square one like we were in 2020 and 2019. It's that simple.

>>25746123
95% of volume is fake according to company that asked for permission to create crypto ETF.
https://twitter.com/BitwiseInvest/status/1109114656944209921
Or rather was fake because the volume risen significantly since then and who the fuck knows how much wash trading is happening now.

>>25746217
sure bro. an upcoming court case that's only days away, that's poised to blow the lid off a massive $20 billion conspiracy and send bitcoin and the whole crypto market tumbling to zero. but there's nothing to report. maybe there's nothing to report because it's all bullshit. ever consider that?

>>25746295
exchange volume is smoke
you can't trust what you see of course
the volume that was bought at otc and the simple fact that most bitcoin stock disappeared from exchanges speaks volumes. when that shows up again that's the time to sell.

Reminder that tether fudders are all seething nocoiners who got left behind. All the bullshit that you newfag retards are spouting was disproved two years ago.

Keep coping and stay poor.

>>25736477
Honest question, what's the origin of marios/tether correlation?

I LOOOOOOOVVVEEEEE TETHERCONEEEEECT!!!!

>>25746345
I never said any of that will send crypto market tumbling to zero. But I am seriously sceptical some institutions are sometimes wiring these scammers hundreds of millions over weekend to their bank account and buying nice multimillion packages of tether every other day rather than buying btc directly on some otc desk or like USDC minting that shit organically on demand backed by real accounting not meme accounting.

>>25746536
hmm ever think that the people who are given oversight of billions of dollars are responsible and trustworthy, and know what the fuck they're doing? nah couldn't be, you're way smarter than they are bro. i mean you figured the whole tether conspiracy out. those clowns are clueless

>>25746599
Why you this these people are genius? Most are at best slightly above average intelligent, just very well connected people. You forget these retards brought the global economy to a halt in 2008

>>25735854
What about USDC? Is it fake too?
https://twitter.com/whale_alert/status/1347946706197950466?s=20

>>25746916
yeah bro. nobody earned their position they are just connected. you're way smarter than them they just knew the right people. they should let you manage billions of dollars im sure you'd do a better job, seeing as how you figured the whole tether conspiracy out

>>25736477
If Tether printing is real why would they ever stop and let bear markets happen?

absolute fucking chads

>>25738277
>tether fudders tend to be the lowest of the low, the same sort of people who think donald trump really won the election

Ohhhh....now I know this is a giant scam shill

>>25747025
Kek, usdc will be nearing tethers market cap eoy . At anytime tether can use the liquid side chain to conceal transfers, yet they don’t

>And there is a report from a firm of lawyers, a decent looking firm it seems so that is a positive. But the positive soon turns into a huge negative. The report is dated 1 June 2018, some two years ago! So much for daily reporting of proof of funds. The only good thing about this report is that it did confirm that the tethers in issue two years ago were fully backed at that time. But that was a long time ago. In the crypto market two years is the equivalent of twenty. Anything could have happened between then and now and as you will see below much has happened, none of it good!

>Five days later Tether made its own announcement; ‘USDT is only 74% backed by fiat equivalents as of 30 April 2019.’ This was a bomb shell, but the market quickly shrugged this news off and continues to do so.

So basically tether does have cash on hand, maybe over or under what is expected, but they have it, and no one gives a shit.

Imagine losing out on the most important tech along with the biggest gains of your life just because you believed in some conspiracy LOL

That guy "Bitfinexed" has been spewing his Tether conspiracies ever since BTC was under $1k

I would have probably committed suicide by now if I was him

the truth is that all of this is ran by same shadow psyops government for global monetary control.

who runs tether and Bitfinex? CIA.

their goal is to crash tether and BTC to cause a mass panic destroying both trust into dollar and btc at same time for sole purpose of releasing chainlink as solution of democracy 2.0 where one global currency will be backed by ((( decentralized ))) ((( democracy ))) voting nodes backed by real world measures aggregated like oil price usd price gold price all under one value.

its no coincidence when u look back how it all fits so well. Chainlink, the great reset, libra being used to plant idea of one global currency into our minds and then removing the negative threat in our head of one person (zuckerberg) being behind it with new upcoming currency global dollar after tether pops soon.

>>25747917
CIA made BTC. CIA proped up vitalik in second phase
CIA proped up Sergey aka new steve jobs in third phase.
CIA and bankers run this show and this time they are robbing you by thinking its some virtuous japanese samurai or some super genius kid when on reality they pull the strings like a geniously improved version of 2008 crisis where you think its good and somehow USA would allow billions of fake dollars to threaten their own USD currency?????? fucking mkultrad faggots. USDT and USD are ran by same group of globalist sociopaths behind CIA and banks. The best way to convince a sheep is to make it believe it has a choice.

>>25748075
Honestly this. It's all probably fake to bring in the dystopia digital age. Still investing in eth to get rich on the way so fuck it.

>>25735854
50k?