11–20 of 345 posts
“It’s a signal to the market of what those who have scrutinized the situation already believe: There is a problem here,” said Jill Carlson, a former trader at Goldman Sachs who now consults with a variety of virtual currency companies. “The dissolution of a relationship between an auditor and a company is very rarely a good sign that the company is behaving in accordance with market best practices.” When you're getti…
It's too early to tell what the exact story is, but it's certainly the case that the tether company's promises that they get frequent, professional audits are an out-and-out lie. I, personally, don't believe they have billions of dollars in the bank to back up their tokens, either.
Various authorities are starting to take interest, as are more mainstream media sources (like the NY Times).
I think if Tether and Bitfinex are above board, now is the time to release a statement and some pretty compelling evidence.
What’s the difference between legitimate technical trading and propping up a market? Is it just volume?
By fake, I don't mean the tether wasn't real, but that it was not tied to dollars.
So they claimed tether was tied to dollars but they produced a lot of it to buy up Bitcoin and the fear is that they didn't wait for dollars to come in but just made the tether out of... well, ether ... and used that to prop up bitcoin which they converted into actual wealth.
“It’s a signal to the market of what those who have scrutinized the situation already believe: There is a problem here,” said Jill Carlson, a former trader at Goldman Sachs who now consults with a variety of virtual currency companies. “The dissolution of a relationship between an auditor and a company is very rarely a good sign that the company is behaving in accordance with market best practices.” When you're getti…
I agree with your sentiment but come on. It's not like there are instances where GS would say "this seems slightly unethical, but so are we". You're implying they ever admit wrongdoing.
What’s the difference between legitimate technical trading and propping up a market? Is it just volume?
If you haven't already, I recommend getting out of Bitcoin and into Ethereum immediately. There is a transfer of dominance rapidly happening. Market Cap Bitcoin $158,149,902,894 Ethereum $106,632,442,880
If you haven't already, I recommend getting out of Bitcoin and into Ethereum immediately. There is a transfer of dominance rapidly happening. Market Cap Bitcoin $158,149,902,894 Ethereum $106,632,442,880
If you haven't already, I recommend getting out of Bitcoin and into Ethereum immediately. There is a transfer of dominance rapidly happening. Market Cap Bitcoin $158,149,902,894 Ethereum $106,632,442,880
If you haven't already, I recommend getting out of Bitcoin and into Ethereum immediately. There is a transfer of dominance rapidly happening. Market Cap Bitcoin $158,149,902,894 Ethereum $106,632,442,880