/biz/ - Business & Finance

>>9958912
Activate the Golden Bull Run

>>9958912
Untill it's not aka funds get hacked.

>>9958932
t. sweating shorter

100% backed by dollars gained from market manipulation.

>>9958961
kek

researchers btfo
2018 science = nigger tier

Omg this is the big one. BULL RUN HERE WE CUM!!!

>>9958912
is this not getting more attention because all the normies necked themselves?

>>9959118
https://twitter.com/Bitfinexed/status/1009433789456666627

bitfinexed saying its a useless doc.

>>9959123
and why i should trust him? he was wrong again and again fuck that guy

>>9959123
> using a troll account as sauce of info
the absolute state of bearfags

>>9959123
it's interesting that it was only done for one day's business but honestly who cares, it's bullish news

1) FSS is not an accounting firm and did not perform the above review and confirmations using Generally Accepted Accounting Principles.
2) The above confirmation of bank and tether balances should not be construed as the results of an audit and were not conducted in accordance with Generally Accepted Auditing Standards.
3) FSS makes no representation regarding the sufficiency of the information provided to FSS and all inquiries made by FSS have been directed to the Client and/or third party personnel responsible for maintaining such information, and the data has been obtained from the Client and/or third party personnel responsible for maintaining such information.
4) FSS procedures performed are not for the purpose of providing assurance and are limited to the findings listed above as of June 1st, 2018, Close of Business. FSS has not performed any procedures or made any conclusions for activity prior to or subsequent to June 1st, 2018, Close of Business.
5) FSS did not, as part of the Engagement, arrive at any conclusions as to Tether’s compliance with applicable laws and regulations in any jurisdiction.
6) FSS has assumed, without further inquiry, that the bank personnel providing the confirmations were duly authorized to provide such confirmations, and that the confirmations were correct.

>>9959160
to expand on my point (not too clear on the legalities, and neither is Bitfinexed or he wouldn't be poking holes in PDFs with a donation address for a living), if you put this:

>To address allegations head on, we wish to make a few things clear: All Tethers in circulation are fully backed by USD reserves. Full stop. Memoranda, consulting reports, industry leaders, cryptocurrency pioneers, and competitors have all confirmed this. Reserves have always, and will always, match the number of Tethers in circulation.

on your website it's pretty clear that they're confident in their legitimacy (though enron said that same kek)

>>9959169
>The FSS report, based on a random date balance inspection and a full review of relevant bank account documentation, confirms that all Tethers in circulation as of June 1, 2018 are fully backed by existing USD reserves. It is important to note that unlimited, unhindered access to Tether’s bank accounts was provided to FSS for their review – the June 1st date was selected by FSS with no input from either Tether or its banking partners, and FSS did not provide notice until the final report was submitted.

double post but thought this was important

>>9959123
oh no an anonymous autist whose only joy in life is flaming tether says tether bad whatever shall we do

>>9959169
> Tether hired an accounting firm in 2017 to bust the FUD
> Bearfags said the accountant was bribed
Now they hire a FBI director
Bearfags are saying the FBI director is not an accountant

>>9958912
JUST DO AN AUDIT YOU FUCKING KIKES

>>9959239
https://tether.to/announcement-transparency-update/

HERE COMES THE GREEN

>>9958912
>pamp it

Anyone thinking it wasn't backed is retarded. They got subpoanaed by the cftc over six months ago.

>>9959239
That's straight from their report you retarded fuck.

>>9959309
normies will be normies sir

Someone commented on a Coindesk article about this and the comment is pure gold and proof we need crypto.

>The irony is that the bank immediately loans out the money and keeps only 10% of the balance per Fed regulations. This is why the banking system is called fractional reserve banking. Whilst the bank reports a balance to its account holders it is only a notional amount. If there was a run on the bank (large number of cash withdraws) then it could run into liquidity problems. The $2.5bn in cash reserves will enable the bank to issue $25bn in debt based on the 10% reserve requirement for large commercial banks.

>>9958961
who cares it's still backed

bears btfo

shorters btfo

btc 100k eoy
eth 10k eoy
link $370 eoy 2018 $1000 eoy 2019

check them

>>9959309

Bitfinex don't operate in the US you tardo, the CFTC can subpoena a dildo up their arse and it wouldn't matter to Bitfinex.

The fact they refuse to get an audit is a big fucking red flag. This announcement by some kike firm carries exactly zero fucking weight.

>>9960003
the absolute state of bearfags

>>9958912
>"regularly audited"
>never had an actual audit
lmbo and people really believe this shit too
anyone convinced by a not-an-audit deserves to lose their money

>>9958912
lol these retards keep 2 bil in the bank when they could be buying the dip

>>9959123
Fuck this faggoty Cunt for making me fall for the fud in January. There are not many ppl in this world that I would murder but bitfinexed is one of them

>>9959789
Doesn't this mean with tether you could print real physical dollar bills to buy tether and then print real physical dollar bills to buy tether and print again and as a sidekick you can buy also all the bitcoins?

Tether/Bitfinex refuse audits because everything they do is shady as fuck. They do however have the cash reserves to back USDT 1:1 (thanks in part to the aforementioned shady business).

>>9959123

>>9960223
forgot to write
He shorted btc on bitfinex and got margin called. He begged bitfinex to reverse the trade. They didn't. He started tether fud.
The end.

bitfinexd = AtlasRand1

>>9960211
Yes, with that trick the banks will win and own all the currencies. We are doomed. There is no way out.
They print money to buy all the bitcoins and print more to own all the dollars and issue more to buy all the bitcoin.
Tether is the real danger, not Blockstream.

It's over before it started, they tricked us, again

>>9960243
Bump. Is this true?

Bump for apocalyptic scenario

Ffs answer

>>9958955
what does "t." means?

>multiple wicks that can't get past FUCKING 6.8K resistance
>thinks this is gonna start the bullrun

>>9960876
means you need to go back

Alaskan bull run

>>9959239
>Trusting anyone from the FBI these days
FAKE NEWS

>>9959123
Judging by all these ad hom yous this market still has so much rooms to fall.
basically
>this doc is completely useless and the people who wrote it admit it themselves and here's why
vs
>REEEEEEEEEE JUST FUCKING BUY PUMP PLSSSSSSSSS

>>9960211
Who would do such a thing?

>>9960243
fug

>>9960876
it means learn how to jewgle retard

>>9961131
Moral of the story. Banking license + crypto exchange kills the vision

>>9960243
That's like the biggest theft which ever happened in the universe.

Bitcoins transfers the wealth of the people to the banks through tether.

It's over if that's no going to be stopped. It's fucking over