/biz/ - Business & Finance

the selloff has already started hasn't it?

>>26015941
already priced in

>>26016089
hopium high levels: extreme

>>26016156
faggot levels: faggot

>>26015941
going to tank?

nothing will happen

I'm on board with Tether being a giant scam but what exactly happens in four hours? Is anything being announced or any further legal proceedings being filed?

>>26015974
the selloff is priced in
the nothingburger bullrun is not

>>26016361
>Maybe

>>26016405
Last deadline for releasing documents I believe.

I have that 0% interest coupon for borrowing USDT on Binance. Give me a single reason not to go long on the BUSD/USDT pair?

>>26016405
I also don’t understand why 1/15 has been spammed other than a concrete date makes the FUD more effective. If it doesn’t dump today, I expect there to be a new date a month from now

Will you faggots shut up already

>>26015941
https://twitter.com/paoloardoino
The man behind the scam

>>26015941
OH FUCK THE SELLING HAS STARTED

ITS ALL FALLING KNIVES

why didnt i get into a stable coin fukkkkkkkkkkkkkkk


aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

>>26016555
checked and scampilled. Why's it the CTO and not the CEO ? I don't know a great deal about the situation

>>26016531
there is no such pair?

>>26015941
nice try faggot I'm never selling

>>26017979
but there is...?
Anyway, I longed BUSD and can cancel the position in a week if nothing happens, interest-free. Based CZ.

>>26015941
yes 4 hours until this fud has ended up being meaningless and everything pumps

>>26016405
>Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.
>In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.
>In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:
>The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.
>Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.
>Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”
>In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.

>>26015941
they're not going to immediately release the documents to the public you know

>>26016405
>With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.
>And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.
>This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.