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Bitfinex and Tether Ready to Face Offenders Over Market Manipulation

  •  Denis Sinyavskiy
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    Tether and Bitfinex said they are ready to dispute any non-peer reviewed facts, accusing companies of manipulating the cryptocurrency market.

Bitfinex and Tether Ready to Face Offenders Over Market Manipulation
Cover image via news.u.today

On October 5, an announcement appeared on the Tether and Bitfinex websites that said companies were ready for litigation regarding the manipulation of the cryptocurrency market.

Only truth and nothing but truth

The text says that companies are aware of unpublished materials that accuse Tezer of manipulating the crypto market by issuing new coins. It is said that all conclusions and conclusions will be challenged, due to their basis on erroneous assumptions, incomplete and carefully selected data and incorrect methodology.

 

The announcement itself says:

“These baseless accusations are an attempt to undermine the growth and success of the entire digital token community, of which Tether is a key part. It is an attack on the work and dedication of not just Tether’s stakeholders, but thousands of our colleagues, too.”

Crystal clear

At the end of the announcement, it says that Tether tokens have never been used to manipulate the cryptocurrency market, they are also protected by real assets and are issued according to market demand. Communication with any illegal activity is unacceptable for Tether and Bitfinex.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
    📰 News

    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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