BTCUSD End of the bear marketBTCUSD
End of the bear market
Hello !
There are two hotcakes today: Bitcoin lost 500 bucks in price (which was a good idea for Altcoins), and this is due to the fact that the US government accused Bitfinex of concealing losses of $ 850 million, which they allegedly pulled out of their hand-held cryptocurrency USDT.
Let's start debriefing simple.
The suit flew to iFinex Inc, which is the operator of the exchange and cryptocurrency Tether.
Against this background, the price of a teaser went for a dollar (95 cents at the lowest point and 97 at the time of writing the note).
The lawsuit does not come from New York prosecutor Letitia James.
The company potentially destroys cash flow documents.
About everything you can read in the official press release: ag.ny.gov
Bitfinex has already rolled out an answer to the accusation.
A couple of times they accused the lawsuit in their direction of rudeness
Stressed that Tezer is a 100% strong boy
That's all. Read: www.bitfinex.com
And now to conspiracy.
The situation is ambiguous and there are several theories about what is actually happening.
1. Tezer is a scam, everything is actually bought, they print free money. Everything is clear, classic persimmon.
2. Tezer - not scam, they have money, but 850 million iFanex tezer was taken to cover the missing, which were confiscated from Crypto Capital.
3. Tezer - half a scam, in which 75% of USDT are covered by dollars, and the balance of 25% is covered by a loan from iFinex.
4. Tezer something and not at all, the US government removes potential competitors platform BAKKT. Bakkt in a coarse sense is a magic pill for the entrance of the Institutionalists, which was very much awaited in the late 18th and early 19th.
In general, nothing is clear, but real shit happens.
This is not the first time that they hit and beat Bitfinex. Will the guys get out this time or all the scam?
The FUD, according to the tester, more than once or twice regulated market sentiment, so if the situation goes down the funnel, there will be an additional motivator for the fall.
Globally, we sit on the priest exactly and look at the situation.
Embraced.
