Discover and read the best of Twitter Threads about #usdt

Most recents (3)

Some Points for Physical letter which we can send to @FinMinIndia Sir @NischalShetty but i don't think its gonna be a Main Points for Letter, it just my Opinion.

#IndiaWantsCrypto
1. First of all #bitcoin & other #Crypto has Monetary no value if it will not Trade against #Fiat its like Stock Market Shares So, They need to understand their Own power rather than thinking about #Crypto will kill #Fiat & #Banks.
#IndiaWantsCrypto
2. Declare #Crypto as a Global #Commodity with following all guidelines of #FATF & #Sebi. Collaborate with other Nations & Give Licensing to all Indian Exchanges for work and AML, KYC policies. @Facebook @ICE_Markets @Nasdaq @CMEGroup @ING_news @Samsung @Microsoft working on it .
Read 10 tweets
Latest news: #bitfinex token will be named LEO, it’ll be a hybrid model of #bnb & #bfx
In addition to the logic of #bnb token, #bitfinex will repurchase and burn the tokens with the unfrozen funds in the future #usdt
The total amount is $1b, so far amount received for it is $500m #usdt
Read 9 tweets
1/ I don’t think there is any type of scam or fraud behind @bitfinex, #Tether, and $USDT reserves. Today’s report gave the market the most important information they needed (reserves are there), yet doubters want more. Here is why I don’t think there is fraud with #Tether:
2/ The hit on Bitfinex is that they are printing $USDT with no backing. This would mean that Bitfinex is knowingly committing fraud and market manipulation for in the crypto space, all while the biggest spotlight is on them. This seems extremely unlikely to me for many reasons.
3/ First let’s take a look at Occum’s Razor: “a problem-solving principle that, when presented with competing hypothetical answers to a problem, one should select the answer that makes the fewest assumptions.” Let’s take facts and not assumptions.
Read 11 tweets

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