tuthienloc92bk (OP)
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November 25, 2018, 10:19:59 AM |
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I have noticed this article from Cryptocoin.News. I think this is one of the reasons why the market has fallen in recent days. That time is really hard for the crypto market. US Department Of Justice Goes After Bitfinex And Tether (USDT)According to Bloomberg, the United States Department of Justice has opened an investigation against Bitfinex and its stablecoin, Tether (USDT), for alleged market manipulation during the Bitcoin (BTC) rally that occurred last year, which led BTC to reach $20,000 at the time.
Although charges have not been made against the cryptocurrency exchange, the authorities are investigating the matter further to settle claims for multiple community members and financial experts that have led to the particular conclusion of market manipulation.
The investigation could not come at a worse time, especially with the bear trend the market is experiencing right now and the drop in prices. In less than a week, Bitcoin (BTC) experienced a drop in prices of about 15%, reaching new lots and hanging around the $4,000 – $4,500 mark, a price that had not been seen since last year. The rest of the market has also been affected by this major drop.
I just quoted some main points. More details in source link. What do you think if Bitfinex And Tether is convicted? |
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damberg
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November 25, 2018, 10:36:32 AM |
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I have noticed this article from Cryptocoin.News. I think this is one of the reasons why the market has fallen in recent days. That time is really hard for the crypto market. US Department Of Justice Goes After Bitfinex And Tether (USDT)According to Bloomberg, the United States Department of Justice has opened an investigation against Bitfinex and its stablecoin, Tether (USDT), for alleged market manipulation during the Bitcoin (BTC) rally that occurred last year, which led BTC to reach $20,000 at the time.
Although charges have not been made against the cryptocurrency exchange, the authorities are investigating the matter further to settle claims for multiple community members and financial experts that have led to the particular conclusion of market manipulation.
The investigation could not come at a worse time, especially with the bear trend the market is experiencing right now and the drop in prices. In less than a week, Bitcoin (BTC) experienced a drop in prices of about 15%, reaching new lots and hanging around the $4,000 – $4,500 mark, a price that had not been seen since last year. The rest of the market has also been affected by this major drop.
I just quoted some main points. More details in source link. What do you think if Bitfinex And Tether is convicted? I guess Bitfinex will not be found guilty of market manipulation. If there were any evidence of such manipulation, I bet they are already gone and destroyed. However, DoJ might find something shady ... |
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Ghebung Masam
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Bcnex - The Ultimate Blockchain Trading Platform
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November 25, 2018, 10:46:04 AM |
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I have noticed this article from Cryptocoin.News. I think this is one of the reasons why the market has fallen in recent days. That time is really hard for the crypto market. US Department Of Justice Goes After Bitfinex And Tether (USDT)According to Bloomberg, the United States Department of Justice has opened an investigation against Bitfinex and its stablecoin, Tether (USDT), for alleged market manipulation during the Bitcoin (BTC) rally that occurred last year, which led BTC to reach $20,000 at the time.
Although charges have not been made against the cryptocurrency exchange, the authorities are investigating the matter further to settle claims for multiple community members and financial experts that have led to the particular conclusion of market manipulation.
The investigation could not come at a worse time, especially with the bear trend the market is experiencing right now and the drop in prices. In less than a week, Bitcoin (BTC) experienced a drop in prices of about 15%, reaching new lots and hanging around the $4,000 – $4,500 mark, a price that had not been seen since last year. The rest of the market has also been affected by this major drop.
I just quoted some main points. More details in source link. What do you think if Bitfinex And Tether is convicted? I guess Bitfinex will not be found guilty of market manipulation. If there were any evidence of such manipulation, I bet they are already gone and destroyed. However, DoJ might find something shady ... yes, that's what I thought, why are they too late to do it, because this incident almost 1 year has passed. has this been planned to worsen the market? very suspicious? |
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Yaddady
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November 25, 2018, 12:00:08 PM |
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Seems to me like a well coordinated and planned set of events with all these SEC and DoJ probes and sanctions. This to me are intended to crash the market in its entirety and destroy the crypto space. Bitcoin and cryptos in general are a threat their fiat and they'll do all in their power to suppress it.
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Cryptomilz
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November 25, 2018, 12:22:20 PM |
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Becoming sick and tired of waking up to one negative press or the other. And it seems to me as though the SEC and the Department of Justice are on a mission to further distress the market and make it unattractive to investors and players. Should Bitfinex go under as a result of this, it would be a major blow to the space.
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bgpsq
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November 25, 2018, 12:25:22 PM |
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This is pretty old news, recent (yesterday) drop was caused by? There was some bad news yesterday? Because yesterday market dropped again and lost around 15% and I cant find the reason why.
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kingvirtus09
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November 25, 2018, 01:52:33 PM |
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That's not a big news though. Market drops definitely when miners got engaged on forks and they had alot of controversy that will led to a marketselloff and ofcourse people in crypto space is waiting for a bull run in upcoming season.
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jakiro.hovard
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November 25, 2018, 01:58:01 PM |
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To be honest, very different conversations have been going on for a very long time about what happens to the USDT and how the government reacts to this project, why there are so many fears that this project behaves very vaguely and there is no transparency for sure.
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kamar25
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November 25, 2018, 02:02:12 PM |
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my opinion about Bitfinex and Thether if they really did make a mistake, clearly must be punished. but I am still confused about what law they deserve
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rickadone
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November 27, 2018, 02:03:39 PM |
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It was already known that tether is a criminal organization and bitfinex was the base of operations for it. This is not interesting because department of justice is basically looking into something that looks criminal to begin with so it is not shocking to anyone.
There will be a lot of FUD news that we will see these days because price is low and there are people who want it lower so there will be bad news going on in order to keep it low without spending too much money on it. However, they should realize that bitcoin and crypto people already done with tether and no one trusts it anymore. They have an offshore account that confirms how much money they have and if they were so honest they would have moved their money into a more trustworthy bank already but they didn't. They keep working with some offshore shady bank instead.
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