Bitfinex’ed Twitter suspension, and Bitfinex and Tether updates
“Bitfinex’ed”‘s Twitter got blocked, and the Tether printer started up again, just in time for the crypto price pump! Plus Tether legal concerns, and a timeline of Bitfinex and Tether.
Tag: bitfinex
News: Bitfinex/Tether subpoena, AriseBank vs SEC, Facebook bans crypto ads
And the cheapest way to get a good video card now? Buy a high-end pre-built PC and rip it out.
How to read a crypto market depth chart, and why people went ‘HOLY CRAP’ at the overnight Tether chart
Tether, the “pegged” US dollar substitute token, crashed to $0.93 on Kraken last night. Here’s why this is important, and what a market depth chart shows.
News: Coincheck hack, YouTube ads with crypto miners, Cobinhood exchange goes Tether-only
Plus some interesting and useful opinion pieces.
News: Friedman LLP parts with Bitfinex, Weiss Crypto Ratings, Netherlands, SEC, ICOs, Venezuela, Arsenal
I’m 5000 words into a 1500-word article on Tether, and 1000 words into a 300-word intro to IOTA. Meanwhile, elsewhere …
News: 450m Tethers this week, BitConnect shuts down, GPU miner viruses, US Treasury, unbanking the banked, altcoin fraud
And James Altucher claims to know who Satoshi Nakamoto is, and that he reads Satoshi’s blog daily. Huge if true.
Why you can’t cash out pt 2: Bitcoin and Know Your Customer/Anti-Money Laundering laws (KYC/AML)
KYC/AML regulations are an endless source of woe for the Bitcoin trader. Why don’t banks want to go near Bitcoin? It’s not fear of competition.
Why you can’t cash out pt 1: Why Bitcoin’s ‘price’ is largely fictional
Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.
News: Bitfinex warrant canary disappears, Hyperledger loses members, Kik vs CryptoKitties
“Bitcoin is finance, distilled … There are no fundamentals, no cash flows or price-earnings ratios, to evaluate. It is pure speculation about speculation, a Keynesian beauty contest where all the pictures are blank.”
News: NiceHash hack, Bitfinex makes the news, Steam drops Bitcoin, SEC vs ICO, Venezuela, book news, I have to mention CryptoKitties
All the stuff I didn’t have time to post in the past few days, plus the fallout from the stuff I did have time to post.