No, it's not over for Tether.
The setback was that Tether used ECPs to make offerings to the public. This complicated the case with multiple entities and made it difficult for NYAG to make a grand case. Tether's illicit activity is for the DOJ and Treasury. It's a global fraud case.
Implied capital flows to Canada hit a record high in December.
Feb 21, 2021 • 4 tweets • 2 min read
Here's what happaned when Binance gave users 0% USDT loans to buy BNB. #predatoryinclusion#Nigeria#Fraud
Binance is a financial criminal organization. I'm sure of it now.
Jan 2, 2021 • 7 tweets • 2 min read
The more they lie about what's backing USDT, the more stable it is. It's a confidence game until the moment it isn't.
In the early days Tether-Bitfinex tried to manage the peg themselves. Eventually they lost control and then designated the peg to each exchange (statement below). There is no single peg. Each exchange must manage their own peg.
People will eventually figure this out. The Financial Stability Board already did.
May 24, 2020 • 4 tweets • 1 min read
99% of Bitcoiners you see talking about gold have no idea how the market works or even know its history. They just Google everything for info.
Bitcoin is nothing like gold. Period. If you can't understand this you'll never realize how stupid the CT debate on gold vs bitcoin is. Most of the time commentators or outlets talk FOMO while trying to sell something (book, platform, service, subscription). Wake up.
