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RE: Bitcoin Battered On Report Bitfinex, Tether Were Subpoenaed Last Month

in #bitcoin7 years ago

@zer0hedge...bro 12:18 PM Permalink
The FUD around Tethers is a major contributor to this crypto market weakness IMO. A few shrill voices have made a lot of allegations and accusations without actually producing any tangible proof of malfeasance. Tether didn't help its own cause much by firing its auditor the other day. Tether claimed the auditor was dragging their feet and not delivering answers quickly enough which might be a lgood kick in the nuts will be good long term for cryptos. The hype from say, November till now was like taking the entire dot com hype, boiling down to condense it, then shooting that right in your arm. BTC was jumping $1k per day, $2k per day. People were giddy. Everything got a bid. Supermodels and Evander Holyfield started pimping tokens. ICOs were the daily thing. It was like wonderland.egitimate beef but it sure didn't look good...thank you for sharing with us...