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.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
“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.
Plus some interesting and useful opinion pieces.
The price of Bitcoin started collapsing this morning. I’m not going to be so foolish as to call it, but I am saying “I told you so” — the only actual money people will get out is actual money that other people put in.
I was reluctant to compare Bitfinex’s public relations moves to Scientology in my Friday post, but today they are threatening to sue critics to shut them up. Rather than release material facts that would assuage concerns. Also, you can’t actually redeem Tethers.
Plus book news. There should be a cheap deal on Kindle India this month, but I can’t find it …
When you can’t pound on the facts, pound on the table. A PR initiative that will convince nobody who they need to convince.
Well, that was something to wake up to. The same hacker may have hit Bitstamp in 2015 as well.
Expect more Bitcoin price rises soon, because SO MANY Tethers are being pumped into the system.
How the price dropped to $3000 on the China trading ban, and was then (apparently) manipulated up to $3600 in four hours.