NY AG ENDS BITFINEX & TETHER VIRTUAL CURRENCY TRADING

[Anonymous No.29469913]

GUYS HOLY FUCK SELL IT ALL NOW
GUYS HOLY FUCK SELL IT ALL NOW
GUYS HOLY FUCK SELL IT ALL NOW
GUYS HOLY FUCK SELL IT ALL NOW

[Anonymous No.29469941]

>>29469913
THEY SETTLED FOR 18.5 MILLION
TETHER FUD IS OVER

[Anonymous No.29470011]

Wut, isn't that extremely bullish? They literally just settled for a really small amount and that's it.

[Anonymous No.29470049]

>FUD
Okay, I guess it's time to buy the dip now.

[Anonymous No.29470136]

>>29470011
It is, bears are trying to paint it red before someone else digests for the normies

[Anonymous No.29470141]

>>29469913
This is actually extremely bullish

[2.0 No.29470146]

>>29470011
Yep,

> As part of the settlement agreement, Tether volunteered to provide the NYAG's office and the public a quarterly update on USDT's reserves backing, a recommendation with which the NYAG agreed. "We share the Attorney General's goal of increasing transparency," Hoegner told The Block. "We would disclose — both to the Attorney General's Office and to the public — additional information about Tether's reserves on a quarterly basis."

Basically Tether FUD over.

[Anonymous No.29470170]

i´m selling now fuck this. Tether is done for

[Anonymous No.29470218]

>>29469913
HAHAHHAHAHAHAHHAHAHAHAHAHAHHAHAHAHA THERE ARE NEWNIGGERS WHO SOLD BTC JUST NOW WHEN WE ARE ABOUT TO PUMP STRAIGHT TO $60K
THIS IS WHY YOU FUCKING POORFAGGOTS WILL FOREVER STAY POOR

[Anonymous No.29470239]

>>29470170
do you have an extra chromosome or what?

[Anonymous No.29470292]

"Attorney General James Ends Virtual Currency Trading Platform Bitfinex’s Illegal Activities in New York"

Idiots thinks this is bullish haha

https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

[Anonymous No.29470341]

All these endless investigations and FUD attempts and it ended with a 18.5 settlement and promise for more transparency in the future
this is so funny

[Anonymous No.29470397]

"Bitfinex and Tether Deceived Clients and Market by Overstating Reserves,
Hiding Approximately $850 Million in Losses Around the Globe"


Read the text dumbasses. They found proof that they did illegal shit which means the feds will go after them next. This is not over.

[Anonymous No.29470470]

>>29470341
they got exposed for illegal activity, now the feds or sec will go after them. This is not over. And trading will stop in newyork, which is only the beginning

[Anonymous No.29470485]

>>29470397
cope nocoiner, tether fud is so 2017

[Anonymous No.29470490]

>>29470470
nah, you're pretty dumb

[Anonymous No.29470516]

>>29470397
Banks absolutely never had backing up to 100%
This is a nothingburger but you are too retarded to see it
This is incredibly bullish for everyone but jewnited states niggers, we are going to $100K this year
Tether fud is finally fucking over

[Anonymous No.29470561]

>>29470470
>this is not over.

[Anonymous No.29470593]

>>29470470
they literally settled, they can't be trialed for this anymore
You retards are so fucking autistic
This is INCREDIBLY bullish

[Anonymous No.29470603]

>>29470470
seethe and dilate nocoiner

[Anonymous No.29470618]

“Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said Attorney General James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system. This resolution makes clear that those trading virtual currencies in New York state who think they can avoid our laws cannot and will not."

This doesn´t end here. There will be a federal case next, but it will take some time

[Anonymous No.29470638]

>>29470218
Back to 20k. Cope

[Anonymous No.29470652]

>>29470397
Dude I knew it was a scam, but this deal is honestly no as bad as I expected it to be. They only suspended trading for NY, no one will notice a fucking difference.

[Anonymous No.29470695]

>>29470618
fuck of schiff

[Anonymous No.29470710]

>>29469913
>1 post by this ID

[Anonymous No.29470732]

>>29470638
>He sold the literal bottom

[Anonymous No.29470760]

>>29469913
Holy FUD typhoon

[Anonymous No.29470868]

Shill me your shitcoin. Will only consider candidates showing relative strength compared to Bitcoin during this correction, don't bother with anything else.

[Anonymous No.29470870]

>>29470470
dumb fucking faggot go bury some more silver in your yard

[Anonymous No.29470883]

>>29470710
I never got what this /pol/ argument is supposed to mean.

[Anonymous No.29470957]

>>29469913
NY based firm ends hong kong based firm?

[Anonymous No.29470964]

>>29470868
fuck off

[Anonymous No.29471040]

>>29470957
They just cant trade in NY, which they already didnt. Its about as nothing as it gets.

[Anonymous No.29471171]

>Texas about to legalize Binance
>Kentucky, Wyoming, Florida, Texas all want to pay people in BTC
>Elon lives in TX

Why are blue states so fucked/anti-crypto? How can anyone be into crypto and be a liberal at this point when liberals keep trying to ban crypto? Do you want to get yourself jailed lmao? Feels good being a chad.

[Anonymous No.29471246]

>>29470146
So USDT has to provide more information then the fed, the national gold reserves and banks?

[Anonymous No.29471282]

Did you retards even read the statement? Convert your usdt now

[Anonymous No.29471295]

>>29470883
It's means it's a shill who makes threads and then fucks off purely for the (You)s.

[Anonymous No.29471341]

selling half of my portfolio
I wish I had done the same with XRP way back

[Anonymous No.29471353]

>>29470011
It's actually bearish. Tether only needed this settlement to pull the rug, it's a matter of time now

[Anonymous No.29471379]

>>29470146
Holy shit this is HUGE

[Anonymous No.29471405]

>>29471171
The divide is not between left and right but rather authoritarian cucks and """libertarians""".

[Anonymous No.29471451]

>>29470146
START THE BULLRUN

STAR THE PRINTERS

[Anonymous No.29471464]

>>29471353
Cope.

[Anonymous No.29471581]

>"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.
"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.
> "Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.
"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.

[Anonymous No.29471684]

>>29471405
based

[Anonymous No.29471878]

>>29471405
You can be an authoritarian libertarian you know.

[Anonymous No.29471920]

>>29469941
>>29470011
This.
They got fined for a few shady transactions, which happens all the time to major firms.
No fault was found with tether itself or the backing thereof.

[Anonymous No.29471951]

>>29469913
>Bloomberg

[Anonymous No.29472003]

LET THE ALT SEASON BEGIN!!!

[Anonymous No.29472084]

>>29469913
>https://www.theblockcrypto.com/post/95207/bitfinex-tether-new-york-ag-settlement-lawsuit
>"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.

FUD BTFO FOREVER THERE WAS NO BTC MANIPULATION

[Anonymous No.29472117]

>>29471405
I’m a libertarian at heart too but imagine thinking you can liberty your way out of an authoritarian government completely run by Jews, communist and Dave states who have complete control of the economy, culture, media, education, the church, and people’s thoughts.
We need a hyper authoritarian to come clean house then unleash the white man to return to his natural state.

[Anonymous No.29472241]

>>29470146
>Tether volunteered to provide the NYAG's office and the public a quarterly update on USDT's reserves backing
Nice.
That's all anyone ever wanted.

[Anonymous No.29472259]

Basically it all boils down to tether actually having the backing BUT moving cash out of the reserve account at some times therefore creating periods where tether wasn't fully backed. After those periods money moved back in though and it's currently fully backed.

[Anonymous No.29472283]

>>29470883
Means either peopoganda or shitposting because the 1 post poster obviously doesnt arw for conversation

[Anonymous No.29472334]

>>29472084
Based Gilles enthusiast

[Anonymous No.29472340]

>>29469913
>doing business in New York

[Anonymous No.29472358]

>>29472259
Yes.
Because of some bad deals two-three years ago.

[Anonymous No.29472549]

>>29471171
Because the US is the empire of neoliberal wokeness and its economic power comes from the dolllar.

[Anonymous No.29472585]

>>29472084
source on image? cute af

[Anonymous No.29472605]

>>29470638
How does it feel to sell at the bottom?

[Anonymous No.29472648]

>https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal?ref
A Stablecoin Without Stability – Tethers Weren’t Fully Backed At All Times

The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations. In the face of persistent questions about whether the company actually held sufficient funds, Tether published a self-proclaimed ‘verification’ of its cash reserves, in 2017, that it characterized as “a good faith effort on our behalf to provide an interim analysis of our cash position.” In reality, however, the cash ostensibly backing tethers had only been placed in Tether’s account as of the very morning of the company’s ‘verification.’

[Anonymous No.29472863]

>“Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said Attorney General James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system.

>A Stablecoin Without Stability – Tethers Weren’t Fully Backed At All Times

>The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations.

I wonder what the NYAG is gonna do once they find out how banks work

[Anonymous No.29472866]

Get fucked fudders. Keep in mind regular banks have had to pay similar settlement fines

[Anonymous No.29472889]

>>29472648
Cool. Now do every commercial bank.

[Anonymous No.29472907]

>>29472084
>Tethers lawyers say this
>don’t actually deny that manipulation occurred
>simply state that the Nyag didn’t rule on it
This is just wordplay and youre falling for legalistic bullshit.

[Anonymous No.29472927]

>>29472648
>These legal actions send a clear message that we will stand up to corporate greed whether it comes out of a traditional bank, a virtual currency trading platform
>whether it comes out of a traditional bank
Hilarious

[Anonymous No.29473002]

>>29472648
>Weren’t Fully Backed At All Times
>not FULLY
>not AT ALL TIMES

You realize how this BTFO's years of Tether fud, right?
The entire case is about Tether moving assets out of reserve years ago because of some deal gone bad, temporarily losing backing.

Tether fudders kept harping on about how tether had virtually no backing, which is now dispelled.
And from now on, Tether will have to report on its reserves, so everyone wins.

[Anonymous No.29473135]

>>29472907
If the AG had found manipulation, they would've ruled on it.
At worst, tethers weren't "fully" backed "at all times".

It's over, get your head out of your ass.

[Anonymous No.29473200]

>>29470170
>>29470292
>>29470397
>>29470470
>>29470618
>t.soldthebottom

[Anonymous No.29473591]

>whales panic selling their USDT is bullish
Lol

[Anonymous No.29473642]

>>29469913
Who gives a fuck what a ded state does?

[Anonymous No.29473928]

>>29473642
Exactly.

[Anonymous No.29473947]

>>29471171
Imagine still trying to make everything a political us vs. them in 2021. Absolute state of /pol/tards.

[Anonymous No.29474051]

>>29470470
you literally had 12 years

[Anonymous No.29474125]

>>29471353
You guys are even worse than Qtards at this point.

[Anonymous No.29474245]

>>29471920
You fucking retard they literally moved money into a bank account and then transfered it out THE DAY AFTER THE AUDIT
the NYAG has no teeth because the company isn't even us domiciled
You now have foresnic auditors saying that bitfinex committed the dumbest fucking fraud possible

[Anonymous No.29474329]

>>29473947
Imagine coming to 4chan and shilling for liberal politicians who are trying to ban crypto and increase taxes on stock trade while doing it on fucking /biz/ of all places. If you don't want to make money, then go back, faggot.

[Anonymous No.29474359]

>>29472648
>"TETHER IS A MASSIVE SCAM!!"
>Turns out the US government found out that Tether is currently backed by USD, but during a small time period in 2017 when Tether had no access to banking, they held no reserves to back tethers
>Case closed

[Anonymous No.29474360]

>>29472084
>A former federal prosecutor
literally a paid shill you retard
>>29472259
Are you a shill or retarded
>prove you have the money!
>ok I'll just need a few months/years
>here's the money!
>it all leaves the account the next day
If this happened on wallstreet you would already be in jail or dead for doing that

[Anonymous No.29474477]

>>29474359
>On November 1, 2018, Tether publicized another self-proclaimed ‘verification’ of its cash reserve; this time at Deltec Bank & Trust Ltd. of the Bahamas. The announcement linked to a letter dated November 1, 2018, which stated that tethers were fully backed by cash, at one dollar for every one tether. However, the very next day, on November 2, 2018, Tether began to transfer funds out of its account, ultimately moving hundreds of millions of dollars from Tether’s bank accounts to Bitfinex’s accounts. And so, as of November 2, 2018 — one day after their latest ‘verification’ — tethers were again no longer backed one-to-one by U.S. dollars in a Tether bank account.

Are you atleast getting paid for this retarded reply you retard?

[Anonymous No.29474613]

Does this mean tether will pump now? Some anon told me it would be a safe suicide stack to buy so I bought 1000 USDT for $1K 10 months ago and I’m pretty sure the price is being suppressed. People say Chainlink is manipulated but this way worse, big players must still be accumulating. Won’t ever break $1 but I guess it never dips below 99 cents. Maybe I’ll keep holding til alt season lol.

[Anonymous No.29474656]

>>29473947
Imagine being an Uncle Tom for satanic child molesters in 2021, colorized.

[Anonymous No.29474719]

>>29469941
>>29471920
HSBC got caught laundering Narco money multiple times.

[Anonymous No.29474753]

>>29474360
>If this happened on wallstreet
Go look up the reserve requirements on commercial banks and get back to us, Chief.

[Anonymous No.29474773]

>>29474613
everyone and their cousin in biz is feeling bullish for this so i assume no, always do the opposite than biz does

[Anonymous No.29474808]

Its that time again

[Anonymous No.29474896]

>>29474753
Nigger Tether isn't a fucking bank see the difference retard?
This is more like if you went to BoA, got a withdrawal and they handed you a fed note that was drawn in crayon by the teller in front of you, and then they told you that they were fully audited

[Anonymous No.29475017]

>>29469941
>>29470011
>>29470049
>>29470141
>>29470218
>>29470485
> OAG revealed in court documents that approximately $850 million had gone missing and that Bitfinex and Tether had been misleading their clients — the company issued a false statement that “we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded.” The reality, however, was that Bitfinex did not, in fact, know the whereabouts of all of the customer funds held by Crypto Capital, and so had no such assurance to make.

[Anonymous No.29475080]

>>29474896
>like if you went to BoA, got a withdrawal and they handed you a fed note that was drawn in crayon by the teller in front of you
this is literally what happens when you get "one federal reserve dollar". It's monopoly money

[Anonymous No.29475098]

>>29475017
>850 million
That's literally nothing you know that right

[Anonymous No.29475223]

>>29474773
>/biz/ was posting that this is the end 5 hours ago

So you bought and now you're gonna sell?

[Anonymous No.29475226]

>>29474245
>and then transfered it out THE DAY AFTER THE AUDIT
Yes, which is why the AG says the tethers weren't "fully" backed "at all times".
You tether fudders have been yapping about tether hardly being backed at all. In reality the entire case is about Tether moving assets out of reserve years ago because of some deal gone bad, temporarily losing backing.

[Anonymous No.29475252]

>>29470292
>NY AG's $850M Probe of Bitfinex, Tether Ends in an $18.5M Settlement. In a closely watched case with wide-ranging implications for the crypto market, Tether has admitted no wrongdoing and will provide reports on USDT's reserve composition for two years.
Settling is bullish

[Anonymous No.29475303]

>>29475080
No it's not, college-socialist-turned-technocrat-oligarchist. Because if you try to pay someone with a 20 dollar bill made out of crayon that clearly wasn't printed by the Mint, they aren't going to take it.
We're not talking about monetary policy you have brain.

[Anonymous No.29475353]

>>29471171
>Texas
AIEEEEE SNOW SAMA I KNEEL

[Anonymous No.29475411]

>>29475226
Nigger if you loaned money to someone and they pulled that shit would you trust the loan? serious question. If you loaned money to a small company and then demanded an audit and they did exactly this, would you think "oh thats normal business activity"?
Because if you would you are retarded and I'm not being hyperbolic
Like you should be on wellfare if you would continue doing business in that situation

[Anonymous No.29475475]

>>29470292
It is bullish, the worst things they have on them is
>it wasn't backed at all times b-b-b-but they provided cash when we asked them to...
and
>$850 mil misallocated
but that's less than 3% of their market cap so is this the best you've got

[Anonymous No.29475480]

>>29475303
>Because if you try to pay someone with a 20 dollar bill made out of crayon that clearly wasn't printed by the Mint, they aren't going to take it.
so, you mean credit? also, "the mint", as you call it, is nothing but a cartel of jewish banks

[Anonymous No.29475495]

100 hours on GIMP.

[Anonymous No.29475553]

>>29475353
>green energy
>useful
>2020+1

Enjoy btfoing yourself repeatedly?

[Anonymous No.29475556]

>>29475411
>Nigger if you loaned money to someone and they pulled that shit would you trust the loan? serious question.
Are you trying to be funny?
That's what all banks in the world do.

Tether fud always revolved around Tether printing out of thin air, the AG's ruling completely dispels that.
The absolute worst they found was that a portion of tethers lost backing (after already being minted) because a deal went bad and Tether was scrambling to keep things running.
Banks get slapped like this all the time.

[Anonymous No.29475560]

>>29475411
>Nigger if you loaned money to someone and they pulled that shit would you trust the loan?
Well I do loan my money to the bank in the form of deposit and they don't even attempt to back it up with 100% of reserves so my answer would be yes, I would do that, I do do that in fact

[Anonymous No.29475626]

>>29475480
Fuck off retard
I'm not here saying that the banking system is good, I'm pointing out what's going on in 5 year old terms so you can understand
If I withdraw money from a bank I get a Fed note from the mint which is authentic and accepted
Tether's are copies made with crayon

[Anonymous No.29475678]

>>29475411
>if you loaned money to someone and they pulled that shit would you trust the loan?

Oh dear lord how precious you are.

[Anonymous No.29475739]

>>29475556
>Tether fud always revolved around Tether printing out of thin air, the AG's ruling completely dispels that.
>On November 1, 2018, Tether publicized another self-proclaimed ‘verification’ of its cash reserve; this time at Deltec Bank & Trust Ltd. of the Bahamas. The announcement linked to a letter dated November 1, 2018, which stated that tethers were fully backed by cash, at one dollar for every one tether. However, the very next day, on November 2, 2018, Tether began to transfer funds out of its account, ultimately moving hundreds of millions of dollars from Tether’s bank accounts to Bitfinex’s accounts. And so, as of November 2, 2018 — one day after their latest ‘verification’ — tethers were again no longer backed one-to-one by U.S. dollars in a Tether bank account.
>Hey guys we're 1:1 at all times
>moves money the day after an audit
Can you really not connect the fucking dots?
Tether isn't a US bank. It can't print money
>MUH DA BANKS IZ JUST SCAMS DOE

[Anonymous No.29475774]

>>29475626
>If I withdraw money from a bank I get a Fed note from the mint which is authentic and accepted
>Tether's are copies made with crayon
The money you have in the bank is 90% make believe. Look up fractional banking.
Tether is a hell of a lot better in that regard.

You simply have to be trolling at this point.

[Anonymous No.29475815]

>>29475678
Apply for wellfare because its designed for people like you

[Anonymous No.29475839]

>>29475739
>Tether isn't a US bank. It can't print money
Neither can US banks you absolute retard.

Protip: the absolute vast majority of "money" people have in bank accounts, isn't actually there.

[Anonymous No.29475894]

>>29473002
The best part is they found no evidence that Tether EVER minted tokens without backing. There were only times where they lost banking privileges that they backed it with crypto due to necessity by being denied banking access. But they never fraudulently minted tokens without actual deposits. They have been unfairly shit on, by me included. I will no longer refer to them as brrrr.

[Anonymous No.29475916]

>>29475553
Show me where I said green energy nigger

[Anonymous No.29475938]

>>29475839
>>Tether isn't a US bank. It can't print money
>Neither can US banks you absolute retard
YOU LITERALLY JUST SAID THAT BANKS PRINT MONEY OUT OF THIN AIR IN YOUR LAST REPLY YOU FUCKING RETARD. THE BANKING SYSTEM IS EXPLICITLY DESINGED SO ACTUAL CHARTERED US BANKS PRINT MONEY WHEN THEY WANT TO. JESUS CHRIST I HAVE TO ASSUME YOU ARE BEING PAID

[Anonymous No.29475948]

>>29475894
>The best part is they found no evidence that Tether EVER minted tokens without backing.
Exactly.
At worst, a portion of tethers LOST backing temporarily.

[Anonymous No.29475959]

>>29475739
>Tether isn't a US bank. It can't print money
Banks can't print money you know that right

[Anonymous No.29475983]

>>29469913
did you retards even read the document? they paid 18,5M fine, they lost New York market forever, they need to do quarterly reports on how they are not allowing NY(whole state) customers to access not only Bitfinex but Tether in general (USDT pairs on every exchange say hello).

not only that, they need to provide quarterly reports about they backing and this goes for 2 years from now, and can be extended forever.

IF they fail to do any of these things settlement is BROKE, and they go to fuckin trial.

not only that "didn't confirm or deny illegal activities", which is basically pleading 5th to a murder you illeterate bangladesh retards who cant comprehend what you are reading.

>https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf

they are fucked beyond belief, and opened gates for SEC and FED and FBI to finish, since Tether and Bitfinex served all states, so its federal right now.

If they paid 18M to New York, they have to pay other states too, aka USA is ready to call for cut.

they thought leaving states (wells fargo), going to some islands and fuckin meme banks in china will solve the problem and they can print shit forever.

I said this before couple of months ago, Coinbase going public in USA, and it will be only platform to serve USA customers legally. They will create real eUSD for gov, and will be controlled.

thats the end game here, no more printing, no more checking Binance price since that price will be ILLEGAL for USA.

Good luck boys, happy smells in bangladesh

[Anonymous No.29475991]

>>29474896
>Nigger Tether isn't a fucking bank see the difference retard?
Yes, it's okay for our entire financial system to be a scammy house of cards backed by unicorn farts. Everyone else has to walk on eggshells without breaking them or get sued for 18 million dollars. Sounds great.

[Anonymous No.29476011]

>>29475839
Coiners basically admitting tether is fractional reserve. Sasuga nyag.

[Anonymous No.29476028]

>>29475938
>YOU LITERALLY JUST SAID THAT BANKS PRINT MONEY OUT OF THIN AIR

Quote me.

[Anonymous No.29476117]

>>29475916
TX was fucked over by energy inefficiencies so the point still stands if TX was allowed to invest as they wanted to instead of according to (((federal guidelines))) they'd have all gas power.

[Anonymous No.29476141]

>>29475959
>Banks can't print money you know that right
That is how fractional reserve banking works you idiot
>printing?! They don't have presses in the branch!
you are retarded

[Anonymous No.29476153]

>>29469913
(((Bloomberg)))

[Anonymous No.29476154]

>>29476011
>dude it took you two weeks to provide full reserves this is literally the same as being backed by 10% of reserves
You don't believe this do you, you're just fudding

[Anonymous No.29476162]

>>29473947
Hiya rabbi.

[Anonymous No.29476165]

>>29476011
No.
Tether should be backed, and they MOSTLY are.
They had a deal that went wrong and apparently scrambled for funds, causing a portion of tethers to temporarily lose backing.
Tether is retarded for being this opaque, and they should implement something like Chainlink's proof of reserve.

But it's nowhere near as bad as tether fudders have been making it look for many years now.

[Anonymous No.29476216]

>>29471920
>major firms
isn't Tether like a 1 man scam?

[Anonymous No.29476237]

>>29475983
Look at this faggot who think borders matter anymore or thinks people are scared of the US. US is crashing, faggot. Negress AG just a microcosm of the whole. The Decline is here. Nobody gives a shit what's legal. They banned bitcoin in Nigeria and the price shot up to $75,000 and is still used by everyone.

[Anonymous No.29476241]

>>29476028
>The money you have in the bank is 90% make believe. Look up fractional banking.
>>29476165
THEN WHY DON'T THEY POST A BIG 4 AUDIT? WHY DON'T THEY KEEP THE FUNDS IN THEIR "AUDITED" ACCOUNT FOR MORE THAN 1 DAY?

[Anonymous No.29476242]

>>29476141
>That is how fractional reserve banking works you idiot
No, it's not.

[Anonymous No.29476335]

>>29476141
>That is how fractional reserve banking works you idiot
Oh they can create money but they can't print it the way the fed prints reserves, banks need to create loans to create money. And it's not always easy to create good loans, banks don't actually want to hold shit loans.

[Anonymous No.29476382]

>>29476165
They are 100% backed. Just have to pay an 18.5m fine and is a-ok

[Anonymous No.29476385]

>>29471451
BRRRRRRRR

[Anonymous No.29476398]

>>29476241
>>The money you have in the bank is 90% make believe. Look up fractional banking.
That's not the same as saying they "print" money you dope.
ACTUALLY look up fractional banking pls.

>THEN WHY DON'T THEY POST A BIG 4 AUDIT?
They should.
Or better yet, use Chainlink's proof of reserve.

Point is this AG ruling unequivocally proves the tether situation is nowhere near as bad as tether fudders have been making it look for many years now.

[Anonymous No.29476423]

>>29476242
Jesus fucking christ
>Bank gets 100 dollar deposit
>Bank keeps 50% as resevers
>Bank loans out $50
>Money supply is now $150 dollars
You are retarded. I'm not joking

[Anonymous No.29476439]

>>29475959
>the federal reserve does not create money
This thread is big boy

[Anonymous No.29476449]

>>29475626
if tether's copies made of crayon can be withdrawn for fiat in centralised exchanges in exchange for the real mint dollars you love so much, what exactly makes them different? the fact that tether is not backed doesn't mean shit, the dollar isn't backed either. banks have less than 10% of all the deposits people left there. does that make bank dollars less worthy? hell no.

[Anonymous No.29476480]

>>29476382
They weren't 100% backed for a time.

[Anonymous No.29476529]

>>29476241
We don't even have fractional reserve banking anymore since reserve requirements were ended in 2020. It's zero reserve now so that means literally lent into existence out of nothing. Most of our currency doesn't even get created via consumer and business loans anymore. Most of it actually comes from the repo market where the same TBills are rehypothecated up to 10 times. The whole Eurodollar shadow banking system dwarfs the entire US domestic system.

[Anonymous No.29476579]

>>29476439
The fed prints money, yes.

>>29476423
Banks don't print money you dope.
Look up how fractional reserves work, please.

[Anonymous No.29476620]

>>29476423
Yeah that's not money printing, that's creating money through loans, takes a lot of time and effort because nobody wants to create shit loans. Only the Fed can actually PRINT reserves

[Anonymous No.29476703]

>>29469913
When is this Tether shit going to moon? I've been holding it for years.

[Anonymous No.29476778]

>The nigger cattle in this thread proclaiming victory when the nyag statement (if true) outlines one of the biggest red flags for financial fraud there is

[Anonymous No.29476794]

>>29476449
>the dollar isn't backed either
The United States military would fight you on that

[Anonymous No.29476845]

>>29476423
>Money supply is now $150 dollars
No it's not.
The bank can't actually give the depositor his full 100 USD back without recouping the $50 they loaned out from somewhere.

[Anonymous No.29476895]

>>29476579
I just did fuck tard. I clearly understand banking better than you. Fractional reserve banking creates more dollars than is put in.
I'm arguing with a retard or paid shill, I'm out.
Anyone that reads this and still holds tethers deserves to lose money
>>29476620
Nigger the money created via loans spends exactly the same as fed reserves. They are the same thing, especially today when there aren't reserve requirements. If your logic actually made sense and you were smart enough to get that far, you would have to side with deflation fags like Steven Mesiter or whatever the faggot who thinks hes the bond king because he manages like 200 million dollars
You don't have the processing power to figure out your own points

[Anonymous No.29477002]

>>29476845
Holy fuck
>go look up how banks work retard!
>literally gets in wrong next post
Yeah, narrow money is the money supply. Can't spend M2,M3, or MZM
Get a fucking advisor to manage your money.
I worked hard to get you that SSI

[Anonymous No.29477023]

This just confirms that nothing will ever happen to Tether. The entire FUD is over. They settled and that's that. They'll continue printing money and nothing will ever come off it.

[Anonymous No.29477042]

>>29476237
>counters banning of tether and bitfinex in one of the richest states in America by Nigeria example
HAHAHHAHAHAHAHAHAHAHAHA

ITS LITERALLY ILLEGAL FOR NEW YORK CITIZENS TO ACCESS BITFINEX OR HOLD TETHER

NEW YORK STATE HAS THE 1,5 TRILLION GDP HAHAHAHAHAHA

THATS LIKE 5 or 6 NIGERIA GDP HAHAHAHAHAHAHAHA

ITS ONLY ONE STATE.

WAIT FOR NEXT LMAO

USA IN DECLINE HAHAHAHAHAHAHAHAHAHAHAHAHHA

THE BIGGEST MILITARY POWER IN THE WORLD, GO FUCKIN ASK MUZUMBA TO BUY BITCOIN LMAO

[Anonymous No.29477068]

Guys check out mochimo how is it anon?

[Anonymous No.29477070]

>>29477023
How this settlement affects the market will depend if the tether printer goes silent in the face of continued legal action. The real trick is if it spurs further regulatory action by more powerful actors, because the NY AG was using a pretty broad law for a pretty narrow jurisdictional area. Other agencies will have much greater reach and flex.

[Anonymous No.29477160]

>>29476895
>>29477002
I don't think you fully appreciate how strongly the Fed feels about its money printing monopoly fucking lmao.

It's ok kid, better luck next thread.

[Anonymous No.29477293]

>>29477023
The fact that they've stopped printing for now even with the markets tanking is not exactly "FUD's OVER THEY SETTLED PACK UP THE FUD BOYS WE'RE GOING TO 100K OVERNIGHT"

[Anonymous No.29477356]

>>29477042
> ITS LITERALLY ILLEGAL FOR NEW YORK CITIZENS TO ACCESS BITFINEX OR HOLD TETHER

LAND OF THE FREE HAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHHHHAHA

WHILE I HOLD MY FUCKING MEME COINS ONE YEAR AND PAY 0 (ZERO) TAXES.

HOLY BASED

[Anonymous No.29477382]

>>29477293
They just minted yesterday or the day before while this settlement was already being finalized. Just wait for the next minting.

[Anonymous No.29477400]

>>29477042
shut the fuck up mutt

[Anonymous No.29477408]

>>29471581
That is Tethers defence lawyer. NYAG literally said that Tether was not 1:1 backed and both of their previous disclosures were fraudalent.

[Anonymous No.29477422]

>>29471171
>Why are blue states so fucked/anti-crypto? How can anyone be into crypto and be a liberal at this point when liberals keep trying to ban crypto? Do you want to get yourself jailed lmao? Feels good being a chad.
Democrats are authoritarians that know better than you, end of story. its literally this simple. you are to stupid.

[Anonymous No.29477550]

>>29477408
>NYAG literally said that Tether was not 1:1 backed
Weinstein is talking about printing without backing; the AG said tethers only (temporarily) lost backing after they were already printed.

[Anonymous No.29477657]

>>29470218

found the newfag, everyone. he's right here. he wasn't here for 2017 and he only has $200 dollars of his mommy's money invested, so he's not scared. look at the balls on this little faggot!

[Anonymous No.29477842]

I'm going to buy more. OP is a fucking KEK.

[Anonymous No.29477860]

>>29475959
>Banks can't print money you know that right
Wrong.

[Anonymous No.29477877]

>>29477293
they literally just printed 5 billion tether this morning retard

[Anonymous No.29478102]

>>29477860
banks can create loans if it can find a borrower with collateral. Nothing like tether.

[Anonymous No.29478177]

>>29477877
>projecting this hard
they've never printed 5b before, ever, you fell for a garbage fake twitter account you absolute mongoloid.

[Anonymous No.29478196]

>>29477400
im not from usa you retard and you wish you were this white.

[Anonymous No.29478210]

>>29476794
so does that mean that the only thing giving the dollar its value is America's military might? which, in turn, is paid in dollars? do you see where this leads? no "fighting" would change the fact that there is no tangible asset to back the dollar

[Anonymous No.29478316]

>>29477356
I pay 0 if I hold them 5 seconds, hah

[Anonymous No.29479146]

>>29478210
This is a bigger discussion than /biz/ can handle. Dollars used to be backed by gold now it's backed by nothing but military adventurism.

Eventually the elites will build some one world currency that everyone will use but everything else has to crash and burn first. Bitcoin is a prototype of that created by the NSA as a test project.

[Anonymous No.29479289]

>>29478316
Which Country or do you talk about tax fraud

[Anonymous No.29479693]

>>29479289
Portugal master race my guy. nice wine, great food, amazing weather, and 0 crypto taxes

>>29479146
unironically, I learned all about that around a year ago, right before the big crash, just by lurking on /pmg/

[Anonymous No.29479875]

>>29479693
pmg sorta has it right.
But it isn't going to be gold or silver.
There's no way to get on the pump on the new global fedcoin unless you were born into the ranks of the elite.

[Anonymous No.29479920]

>>29475495
underrated.

[Anonymous No.29480008]

>>29469913
>Implying I was dumb enough to get scammed into buying Tether

[Anonymous No.29480082]

>>29477550
Tether siphoned almost a billion into the CCC blackhole and pretended that nothing happened. The AG thought this was enough to convince retards that its a scam, but they underestimated the braindeadness of you butters.

[Anonymous No.29480145]

>>29470292
>reads press release from a politician
kek

[Anonymous No.29480340]

>>29470652
The reason US authorities attack Tether is they want a US stable coin under their rules regime. They are using lawfare to push financial industey $$ out of Tether and into USDC.

[Anonymous No.29480383]

>>29480145
>reads press release from an attorney of an anonymous shell company in a country you have never heard of

[Anonymous No.29480567]

>>29480082
The Tether fud never had anything to do with those $800 million losses.
The Tether fud was about Tether supposedly printing out of thin air, which has now been dispelled.
All the AG found was a temporary loss of 1-to-1 backing a few years back in the aftermath of those $800 million in losses.

Suck it up, fuddie.

[Anonymous No.29480625]

>>29480340
We need to rid ourselves of these USD pegged stablecoins and use one of these algorithmic stablecoins doing the rounds.

[Anonymous No.29480823]

cokebro called it back when it happened, AG was a literal nog and a female, the case was always doomed
>>/biz/thread/S14745043#p14745831

[Anonymous No.29480841]

>The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations. In the face of persistent questions about whether the company actually held sufficient funds, Tether published a self-proclaimed ‘verification’ of its cash reserves, in 2017, that it characterized as “a good faith effort on our behalf to provide an interim analysis of our cash position.” In reality, however, the cash ostensibly backing tethers had only been placed in Tether’s account as of the very morning of the company’s ‘verification.’

[Anonymous No.29480926]

>On November 1, 2018, Tether publicized another self-proclaimed ‘verification’ of its cash reserve; this time at Deltec Bank & Trust Ltd. of the Bahamas. The announcement linked to a letter dated November 1, 2018, which stated that tethers were fully backed by cash, at one dollar for every one tether. However, the very next day, on November 2, 2018, Tether began to transfer funds out of its account, ultimately moving hundreds of millions of dollars from Tether’s bank accounts to Bitfinex’s accounts. And so, as of November 2, 2018 — one day after their latest ‘verification’ — tethers were again no longer backed one-to-one by U.S. dollars in a Tether bank account.

[Anonymous No.29481015]

>>29480567
>20 posts by this id
>all denials
Read this for yourselves:
https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf

points 39-52 is basically summarised as:
Tether/Bitfinex have been lying since 2017, throughout 2018, and even into 2019 about their tokens being backed by sufficient US Dollars.
Your conclusion: they stopped lying in 2020!!!!!! GIVE THEM MY MONEY!!!!

[Anonymous No.29481018]

>>29480841
>>29480926
you realise it's over right? all that shit is just cope from the NIGGER attorney general who lost the case

[Anonymous No.29481153]

>>29481015
Start coping any time now.
Tether is retarded for being this nontransparent, but it's nowhere close to as bad as you fuddies have been crying about for years now.

[Anonymous No.29481294]

>Today’s agreement requires Bitfinex and Tether to discontinue any trading activity with New Yorkers. In addition, these companies must submit regular reports to the OAG to ensure compliance with this prohibition.

>>29481018
>its ogre!
Quite the contrary.

QRD:
New York has banned tether because that shit is funny money. Since this case was ONLY with the NYAG, the fully power of the law has been enacted.
They now have to report audits directly to the NYAG, the next audit they report will have the same findings as every previous audit (unbacked tether) at which point the case will be elevated past the NYAG and become a federal RICO trial.

This is the EXACT same conditions the original 1/20 deadline. Tether managed to kick the can down the road, but this ends in a RICO trial.

[Anonymous No.29481295]

>>29481153
they have every right to say fuck you to anyone who doubts them, anyone with a brain knows tether is profitable as fuck. their quarterly audit reports will show a tiny fraction of their real wealth, and it'll still be plenty to back 30 billion USDT

[Anonymous No.29481321]

>>29470292
So their activities are no longer illegal in New York. Grammar checks out. Very bearish.

[Anonymous No.29481356]

>>29481295
Of course it's profitable. If I could print fake USD out of thin air I'd be rich as fuck too.

[Anonymous No.29481413]

>>29481295
>they have every right to say fuck you to anyone who doubts them
Probably, but as a crypto company it's just not right to be this nontransparent.

[Anonymous No.29481439]

>>29470011
Yes and checked

[Anonymous No.29481464]

>tether fudders actually thought this was the end of tether
the absolute state

[Anonymous No.29481602]

>>29481294
>Shills will ignore this post

[Anonymous No.29481641]

>>29481356
the money comes from market making a multi billion dollar market cap stablecoin on every unregulated exchange. you don't know what that means though so best to just continue to COPE.

[Anonymous No.29481762]

So sick of all these fucking faggots making contradictory headliners and clickbait, same with the faggots on /biz/ doing the same
>TETHER BANNED FROM THE WORLD
>TETHER FUD DESTROYED
>GUILTY DUE FINE
>NOT GUILTY DUE "LOW FINE"
And so on forecer

[Anonymous No.29481795]

>>29481641
Am I coping? NYAG just released their results saying tether wasn't backed in 2017, 2018, 2019 and this is your takeaway?

lol if this ruling was positive we'd be seeing a pump by whales to 70k yesterday, the day before the ruling actually broke the news. You're just a dumbass.

[Anonymous No.29481888]

>>29481762
your fault for getting info from biz rather than learning about it for yourself. if you did you'd be able to spot kikes and retards as easy as neo in the matrix

[Anonymous No.29481948]

>>29469941
Yep, fidsters BTFO
>but muh NY trading
they already restrict a shitload of cryprocurrencies, who cares.

[Anonymous No.29482002]

>>29481795
they obviously settled when the market was overbought to make the L less humiliating. price dumps and then the news comes out and they spin it to look bearish, it's completely fucking hilarious.

[Anonymous No.29482110]

>>29481888
Don't you read? /biz/ is parroting what they get from OUTSIDE sources who is just as guilty.
And what other sources is there? Court papers aren't available in full form yet, so should i use Tether's twitter as a "unbiased" source since it's straight from the lion's mouth?
No, can't trust anything these days because of low IQ apes parroting agenda pushing clickbaiters

[Anonymous No.29482155]

>>29482002
Alright we'll see what happens.
NYAG is one of many. You guys are forgetting CFTC subpeonas and the STABLE act getting rammed through Congress.

Imagine believe the US would continue to allow chink counterfeiting of USD to continue. 80% of crypto trades with funny money.

[Anonymous No.29482175]

>>29470011
They’re literally banned from doing business in NY and you people think that’s bullish? Wtf

[Anonymous No.29482265]

>>29481015
seethe

[Anonymous No.29482272]

>>29482110
no shit biz parrots everything. if you can't tell what's good info and what is diarrhea thats on you.

[Anonymous No.29482358]

>>29482175
Thinking people in NY can't get tether. Thinking VPNs don't exist.

[Anonymous No.29482369]

>>29482272
retards get fucked in life no exceptions

>>29482110
Lol biz parroting Tether quoting Tether's defense lawyer to seem like it came from NYAG's mouth is the scummiest play I've seen in a while.
Makes lawyers look like saints.

[Anonymous No.29482370]

>>29482272
You moron, everything is diarrhea now. Even your super special secret sources. Nobody is reporting the real meat, they're selling you something, or trying to get something from you. Everybody.
And /biz/ is not the only place.

[Anonymous No.29482402]

>>29482110
Just use the information available to you and make logical deductions anon. It's not that hard. We might not know the full details yet, but if Tether settled this for only 18.5M we know that they just got a slap on the wrist so the NYAG can strut around pretending they are hard on cronies "of any kind, bank or crypto". Whooptiefuckingdoo. We now know for certain that 99% of the Tether FUD was baseless and those guys will rope after today.

[Anonymous No.29482447]

>>29482370
this is just a completely different form of cope, midwit cope. highly amusing

[Anonymous No.29482466]

It went red ahead of the lawsuit. Green after they settled.

https://www.bloomberg.com/news/articles/2021-02-23/crypto-exchange-bitfinex-settles-with-new-york-to-end-probe

[Anonymous No.29482500]

>>29482155
>80% of crypto trades with funny money.
lmao that's not what the AG said.
At worst, tether wasn't completely backed all the time.

[Anonymous No.29482559]

>>29482447
>Dumb fucking retard who is barely literate doubles down while dodging the point as elegantly as a drunken elephant
Yeah, you're just a stupid ape. Probably eastern euro.

[Anonymous No.29482560]

>>29481762
>TETHER BANNED FROM THE WORLD
This has always been the case since no bank wants to touch their money with a 10 foot pole. Makes it funnier that Buttcoin drones believe they have billions on a bank account.

[Anonymous No.29482577]

>>29482500
What did the NYAG say again? Can you repeat that?
Are you sure that you're not quoting Weinstein, Tether's defense lawyer?

[Anonymous No.29482750]

>>29482577
lol, read the section titled "Tethers Weren’t Fully Backed At All Times" from the AG's press release: https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

Tether had the money, they just moved it around in the aftermath of an $800M loss.
And not a single peep about Tether being printed out of thin air.

[Anonymous No.29482777]

>>29482559
you are your own punishment and will never change it. continue to be baffled and frustrated by how the world works, the power to understand is within you but the chances of you ever unlocking it is tiny. loving every laugh

[Anonymous No.29482816]

The agreement shows Tether is not backed and they have to produce transparent documentation quarterly for the next 2 years.

Tether will breach the agreement, since they will never be able to provide the mandated transparency.

Expect US federal level involvement shortly.

[Anonymous No.29482880]

>>29482750
>On November 1, 2018, Tether publicized another self-proclaimed ‘verification’ of its cash reserve; this time at Deltec Bank & Trust Ltd. of the Bahamas. The announcement linked to a letter dated November 1, 2018, which stated that tethers were fully backed by cash, at one dollar for every one tether. However, the very next day, on November 2, 2018, Tether began to transfer funds out of its account, ultimately moving hundreds of millions of dollars from Tether’s bank accounts to Bitfinex’s accounts. And so, as of November 2, 2018 — one day after their latest ‘verification’ — tethers were again no longer backed one-to-one by U.S. dollars in a Tether bank account.

Wow super bullish amirite. Look at the NYAG giving the okay on tether not like they're fucking calling it out on being a fucking scam.

[Anonymous No.29482889]

>>29482358
>a literal major state of the US bans Tether
>muh just use VPN
I don’t give a fuck about the muh revolutionary aspect of crypto. I want the system to respect it because that means I make money off my holds.

If you think getting fucking banned from NY is a good outcome you’re literally retarded.

[Anonymous No.29482976]

>>29482175
ok? no one in the united states has ever used finex and we can use real USD on exchanges. we don't need fake USD and never have

[Anonymous No.29483014]

>>29482577
>Are you sure that you're not quoting Weinstein, Tether's defense lawyer?
Also, Weinstein's quote is about the fact that no Tethers were printed out of thin air.

>>29482816
>since they will never be able to provide the mandated transparency.
What the fuck makes you say that?
Even after losing $800M they were able to (temporarily) show that they had all the USD to back 1/1.

>>29482880
Your own quote shows Tether proving they had all the USD to back 1/1; they just started moving it out again right away in the wake of an $800M loss.

[Anonymous No.29483050]

>>29470638
>Back to 20k. Cope

[Anonymous No.29483140]

>>29482880
>2018
>2018
>2018
>And again, 2018

[Anonymous No.29483157]

>>29483014
The reserves are supposed to stay in the bank moron. You can't take a loan out and put it into a bank and say it's the reserves and return the loan to it's origin the next day.

Did you see the half assed signature on that proof of audit letter tether sent that looked like a squiggle, No one wants to put their name on that piece of shit.

[Anonymous No.29483266]

>>29483157
This is the fucking signature on that audit from Deltec.

[Anonymous No.29483295]

>>29483157
>The reserves are supposed to stay in the bank moron.
lmao no shit.

The absolute worst the AG found was that Tether did have the money to back 1/1, but that they moved it around.
Hence the slap on the wrist.
This is what years of Tether fud have culminated in.

[Anonymous No.29483363]

>>29482750
>no access to banking
>no reserves to back Tether
>borrows money from Bitfinex and pretends it's theres for a day, just shows how fucked up all their accounting must be
Lmao

>>29483140
Shady company with a history of fraud now 100% legit, Internet stranger claims.

[Anonymous No.29483380]

I just don’t even understand the impulse to defend tether. Why are people even doing it? It’s literally obvious to everyone that SOME aspect of their accounting is fake and gay.

Why not celebrate the destruction of tether so that we can use stablecoins that aren’t run by shady faggots piecemealing together USD from a shit tier project from the 2017 era?

You always knew that bankcoins and CBDCs were coming. The regulators are paving the way

[Anonymous No.29483432]

>>29483363
>no reserves to back Tether
>borrows money from Bitfinex and pretends it's theres for a day

So which is it?

[Anonymous No.29483448]

>>29483295
Your IQ has room temperature.

[Anonymous No.29483483]

>>29483295
Reserves are not supposed to be moved around.
You're talking like you're some jew hiding shit behind your back.

Slap on the wrist my ass, Tether agreed to settle on the condition that they report what their reserves are but if they do that they're fucked.

They'll break the conditions of their settlement so then the case gets elevated to the federal level.

[Anonymous No.29483665]

>>29483448
That's literally what the AG is saying, numbnuts.

Direct quote:
"However, the very next day (...) Tether began to transfer funds out of its account (...) And so (...) tethers were again no longer backed one-to-one by U.S. dollars"

>>29483483
You're coping.
The absolute worst the AG found was that Tether did have the money to back 1/1, but that they moved it around.

[Anonymous No.29483804]

if you read above a 4th grade level it's obvious this is incredibly bullish

banks fucked them over and lead to a liquidity crisis. the told the public everything was fine, funds safu, while they fixed the mess

everything was fine and they fixed the mess, they had the usd the entire time

tether fud btfo we're going to 300k

[Anonymous No.29483813]

>>29470868
INJ is still up on the staking announcement

[Anonymous No.29483951]

>>29472549
Binance is banned in 7 states 3 of them are deep red

[Anonymous No.29483964]

>>29483665
tether is supposed to have reserves that are separate from bitfenix.

Bitfinex can't take customer funds from bitfenix and move them into deltec and claim that tether has reserves.

[Anonymous No.29484024]

>>29483363
>Get rightly reprimanded for shady business practice 3 years ago that ended up duping no one
>Pay fine
>Promise to play by the rules, as you have been for the last 2 years
>Know that you will have gov spooks sniffing around your business for as long as it interacts with Americans in some way, literally forever
I see nothing out of the ordinary here. What are you fags exactly hoping for?

[Anonymous No.29484055]

>>29483964
>tether is supposed to have reserves that are separate from bitfenix.
Yes.
Hence the slap on the wrist.

But that's the absolute worst they did: use money from their subsidiary to cover a recent loss.
This is NOTHING like what the Tether fudders have been yapping about for years now.

[Anonymous No.29484087]

>>29483483
what fucking planet do you live on where tether and bitfinex aren't completely loaded with money, you clearly havent paid attention to what's going on in the world and probably exist in a haze of avenger movie trailers and other consoomer hype. stick to your lane and dont talk at the big boys table unless you want to put in some effort

[Anonymous No.29484254]

>>29484087
big boys table lol. stocks have crushed crypto yoy.

>>29484055
Alright we'll see what happens when tether reports that their reserves are just loans of customer funds from bitfenix anyways whales knew about this news ahead of time because it's a closed circle of insiders and they started dumping yesterday.

[Anonymous No.29484295]

>>29483432
>>29483665
I'm sure you retarded ape won't understand the concept of double entry accounting, but let me try:
Bank: 0, Debt: 1b
Bank: 1b, Debt: 2b
Bank: 0, Debt: 1b

[Anonymous No.29484316]

>>29484254
>big boys table lol. stocks have crushed crypto yoy
i mean there's nothing i can add to this to make you seem like more of a dumbass, so congratulations

[Anonymous No.29484324]

>>29471246
Yup. Fucking game is rigged. If they want to quarterly audit stablecoins, then we need at least annual audits of the Federal Reserve

[Anonymous No.29484374]

If NY bans Tether why wouldn’t other states follow? Why wouldn’t other states sue Tether? If they settled with NY most likely they settle with everyone else as well.

[Anonymous No.29484388]

>>29484254
>Alright we'll see what happens when tether reports that their reserves are just loans of customer funds from bitfenix anyways whales knew about this news ahead of time because it's a closed circle of insiders and they started dumping yesterday.

Coping so badly he can't bend his fingers enough to include punctuation.

>>29484295
>double entry accounting
Wait, but you said they borrowed the money from Bitfinex?

[Anonymous No.29484457]

i think it's clear from here who actually knows whats up and who is a drooling tard, so im out. to those who make the right decisions form here and make money, pats on the back.
also fuck kikes and fuck niggers

[Anonymous No.29484551]

>>29475983
Fucking this. Its mind blowing seeing these retarded apes who cant read legal documents at all. B-but usa doesnt matter! I'm a 3rd world shithole citizen and even I know that usa is the center of the world whether you like it or not.

[Anonymous No.29484695]

>>29484388
We'll see who's coping in the end.
Crypto's just a pump and dump pyramid scheme in the end.

NYAG did the maximum they could to tether and we have STABLE act and CFTC on their heels.

Each crypto pump and dump cycle ends with a ton of you stupid fucks committing suicide while the whales dump on your stupid asses.

>>29484316
Stocks, bonds and currency are where the big boys sit basement dweller. Think you drank too much bitcoin koolaid.

[Anonymous No.29484733]

>>29484695

[Anonymous No.29484781]

>>29484695
>Crypto's just a pump and dump pyramid scheme in the end.

The absolute state of tether fuddies.

[Anonymous No.29484846]

Tether is not backed by 100% dollars. Its backed by assets which are given a dollar valuation. Its a basket of assets. Thats why tether is fucked. Use a real stable coin

[Anonymous No.29484869]

printed 2 billion by january, only paid less than 1/100th of it and the shit is still a dollar.

Good job government

[Anonymous No.29484992]

>>29484781
>tether ruling is super bullish

[Anonymous No.29485013]

>>29484846
Wait till you learn that banks are actually only backed 10%

[Anonymous No.29485164]

>>29482889
It shows how futile it is. Eventually, they will backtrack, because the US is not the hegemon anymore. We are an aging ruler and everyone knows that the upstart is just waiting for his time to strike and take our crown. We're the old man of the world now and these hissy fits are actually bullish, because each one shows how impotent the US is becoming. We ended up with an $18MM fine and no trading in NY. Everyone was saying this was the case to bring down tether and all of crypto. Turns out, it was all a wet fart because the US is shit.

[Anonymous No.29485182]

>>29485013
Wait till you learn that banks have central bank as lender of the last resort. On top of strict regulatory bodies and fuckton weekly, monthly reports.

[Anonymous No.29485233]

>>29470170
Ngmi or troll either way youre fucked

[Anonymous No.29485248]

>>29482889
most crypto shit is banned in new york.

[Anonymous No.29485252]

>>29485013
Not even that. Reserve requirements were ended last year. Lending is now backed by nothing.

[Anonymous No.29485272]

>>29484992
lol that was a double bottom. Bitcoin hit that same level two hours prior to the AG's press release.
And BTC started turbodumping yesterday, with many more days of turbodump ahead of us.

How desperate are you?

[Anonymous No.29485327]

Why you guys want lot’s of money from /biz/?

Go taste some cats and trash in your fucking river
Stop shilling on this thread with your fking rubbish

I’ve already participated in bot ocean and wait for full trading platform launch with bots

[Anonymous No.29485471]

>>29485252
Ok if the whales buy in from here you'll be right.

They all know about the tether problem which is why so many of them are creating stablecoin alternatives that are legit, maybe they'll get away with it if the US enforcement agencies keep hiring niggers. But still Tether is a 40 billion question mark right now that is shady as fuck.

I got shit to do now so bye.

[Anonymous No.29485634]

>>29470470
oooohh we got outselves a /r/buttcoiner lmaooooooooo

[Anonymous No.29485701]

>>29480340
wait who manages USDC?

[Anonymous No.29485769]

>>29469913
mfw when usa kept tether because USD is actually backed by USDT

[Anonymous No.29485945]

>>29485701
Coinbase, obviously. BUSD = Binance (China), USDT = BitFinex (China), USDC = Coinbase (USA)

[Anonymous No.29486437]

/biz/ mods consider the UDST trial breakdown as offtopic

if that isn't a fucking sell signal I dont know what is.

[Anonymous No.29486510]

>>29485945
TUSD = Poloniex kek