Tether/Bitfinex prints $300,000,000 and Bitcoin jumps nearly $1000 in less than 30 minutes
...
According to the official Tether website only 70 million USDT out of the 300 million USDT have been
issued so far (the rest has only been authorized). Therefore I´d suspect that the bounce of the Bitcoin
price was related to traders that are participating in the attempt of frontrunning Tether issuances.
@Ente
Sorry that I´m talking about Tether again in this thread, but (at least to me) the Tether speculations
and discussions about the potential ramifications for Bitcoin are far more interesting than discussions
about how the Bitfinex trading "menu list" works.
I can´t imagine that many people find talking about some irrelevant UI change more interesting than
discussions about hundreds of millions of backed (according to @TheQuin) or unbacked (according to @mayax) tokens
that are definitely influencing the cryptocurrency markets.