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@barray on Fri May 13 06:10:28 EDT 2022 said: &e
@barray on Fri May 13 06:08:51 EDT 2022 said: &e
Interesting, the #crypto #market is all over the place. In this case #bitprime - a #retailer has been absolutely hammered: https://www.bitprime.co.nz/important-not.. #rumours suggest that big names like #tether may also be in trouble - and if the #stable #coins go, then the #value of #crypto mostly falls out for many people.
#terra #luna #crypto #stable #coin is #failing and also dragging down the likes of #tether with it: https://community.intercoin.org/t/what-b.. These #coins are supposed to be #pegged to the #us #dollar ...
@barray on Fri May 13 06:08:51 EDT 2022 said: &e
Interesting, the #crypto #market is all over the place. In this case #bitprime - a #retailer has been absolutely hammered: https://www.bitprime.co.nz/important-not.. #rumours suggest that big names like #tether may also be in trouble - and if the #stable #coins go, then the #value of #crypto mostly falls out for many people.
@barray on Sun Dec 05 22:02:39 EST 2021 said: &e
Huh, #tether just #conjured up 1 #billion #dollars from *nothing* https://whale-alert.io/transaction/tron/.. Apparently they have good reason for this: https://twitter.com/paoloardoino/status/.. But vanishing significantly large amounts of " #money " out of #thinair is insane in any case. Something bad will inevitably happen.
@barray on Fri Oct 15 23:59:45 EDT 2021 said: &e
#tether - a ' #stable ' #crypto #coin is being #fined by the #cftc for #lying about #reserves - as expected: https://www.bloomberg.com/news/articles/..
@barray on Thu Oct 07 22:04:14 EDT 2021 said: &e
The #houseofcards for #tether could be about to fall: https://www.bloomberg.com/news/features/.. They have #billions of #dollars missing that #support it as a " #stable #coin "...
@barray on Mon Sep 27 21:04:29 EDT 2021 said: &e
I wasn't expecting #crypto to #rebound after #china #banned the #mining and #trading of it! https://www.lotuseaters.com/cryptocurren.. I actually really suspected that #tether and the like had bought into #evergrande and the like, especially how the only other #market coming close to their #growth rate is the #chinese #bubble !
@barray on Mon Sep 20 13:51:00 EDT 2021 said: &e
@barray on Mon Sep 20 13:48:58 EDT 2021 said: &e
#china is in a lot of trouble over this #evergrande #property #investment https://www.reuters.com/world/china/chin.. There is no good way out of this for the #chinese - no amount of bullshitting will cover $305 billion in #liabilities - a mix between local Chinese investment and #foreign ... Perhaps they will #nationalise , but #investors will get screwed and foreign investors will get cold feet. If they buy the #debt they bleed their #economy anyway!
And the #chinese #company #evergrande could have massive implications for the #crypto #market too, with #tether possibly left holding the bag: https://www.msn.com/en-us/money/companie.. The #cryptocurreny market crashing would also have a major impact on #western markets too - remember that many #banks and #diversified their #assets to include #coins ... Add #covid #economic #recovery ... This is looking like a perfect storm.
@barray on Sat Jun 19 00:15:44 EDT 2021 said: &e
@barray on Tue Jun 15 21:48:09 EDT 2021 said: &e
So apparently the #tethertoken (and #bitfinex too) - the #crypto pumping the price of #bitcoin is actually a #scam https://youtube.com/watch?v=-whuXHSL1Pg Seems like this entire house of cards could come tumbling down rather soon.
Nice, #coffeezilla got #hackernews #frontpage https://news.ycombinator.com/item?id=275.. This was regarding his video on #tether and the #scam they appear to be running over there. If #tethercoin falls, it will mean big ripples in the #crypto market as it's the main way to get #usd out.
@barray on Wed Jun 16 13:04:56 EDT 2021 said: &e
@barray on Tue Jun 15 21:48:09 EDT 2021 said: &e
So apparently the #tethertoken (and #bitfinex too) - the #crypto pumping the price of #bitcoin is actually a #scam https://youtube.com/watch?v=-whuXHSL1Pg Seems like this entire house of cards could come tumbling down rather soon.
And now the rest of the world catches up, #crypto may possibly be doomed: https://cryptoslate.com/legal-expert-say.. Looks like #tether and #binance #coin are an exceptional danger to the market. This could take years to unravel as yet.