Bloomberg publishes two months old Tether subpoena - #CryptoTrading

Published in Reports · Labeled as ·

Meanwhile, crypto traders panic and social_bfx on Reddit keeps posting the subpoena was related to the Tether hack.

A quick recap - Bloomberg published an article on January 30th that is surprisingly long considering how little factual information it contains, originally stating the previous week Bitfinex & Tether came under investigation because of possible USDT fraud.

From the original article:

U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers.

The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information. The firms share the same chief executive officer.

This played into the emotions of traders who have been fed Tether FUD on Reddit for about half a year now and triggered some panic - some people are selling to lock USD value, some people are buying crypto on Bitfinex and selling on GDAX and Bitstamp as these two exchanges are not using Tether. This resulted in premium on Bitfinex. Quarterly futures overall took the biggest and fastest hit thanks to hedging.

Later Bloomberg corrected their article, now stating the subpoena was from December 6th 2017.

Meanwhile, on Reddit’s r/bitfinex subbredit the Bitfinex rep u/social_bfx keeps repeating the subpoena was related to the Tether hack, as another Bitfinex rep ChrisJ already said on December 3rd on Whalepool (footage is still available from YouTube).

Don’t forget to sell the bottom, folks.

Category: Reports · Label: · Author: Karlvonbahnhof (contact author)

 

Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
Trade tokenized shares of Tesla, BioNTech and Paypal on FTX Open The FTX crypto derivative exchange, quickly gaining recognition and popularity, added tokenized trading of TSLA shares. Loads of other tokenized legacy assets already available. FTX does not require KYC until your total lifetime withdrawals reach 1000 USD. (The KYC process is easy and mostly automated). see the markets
Bridge Network Reddit bounty 31 Mar - 27 Apr 2021 Bridge oracle system a public oracle technology for TRON. They run 4 weeks of reddit bounty with 3400 BRG pool. The bounty rewards you for mentioning the project in crypto-related subreddits. BRG trades on KuCoin and rewards can be received into KuCoin BRG wallets. info on telegram
GoldCoin Bounty Now at week 5 Goldcoin is an scrypt coin that trades on a couple of DEX platforms. The team is running a content marketing bounty, paying out tokens for social media or blog content. The current topics and more details are posted in the Telegram channel. info on telegram
XXP Bounty (ERC-20) 5 weeks from 22 March XXP is an ERC-20 token that runs a social promo bounty. XXP trades at Hotbit for around 1 USD. There is a ~50k USD token pool that gets split across the channels: Twitter, Discord, Youtube, Reddit...You need to confirm your membership on bitcointalk. bitcointalk
Umbria Airdrop to token holders Next snapshot 15 April Umbria network will run an airdrop for token holders. Users who hold 100 UMBR and more will receive a portion of 33.4% of the 100,000 UMBR airdrop allocation relative to the total amount of tokens held by the community, on the 15th May. If you do not want to buy the token, Umbria team offers rewards for text and video content creation. It's not an organized bounty, get in touch with the team individually. details
PYR social media campaign March 14, 2021 for 6 Months till August 14 2021. PYR runs a long social media campaign. You need to engage in various social media channels without mentioning the bounty. Rules in the sign up form. form
Opportunity: Zero fees on DeFi tokens on Bitstamp Until end of May 2021 You can now trade ZRX, MKR, KNC, DAI and GUSD at Bitstamp. Aa a bonus this DeFi-focused batch of cryptocurrencies comes with zero trading fees until the end of May. If you have an old Bitstamp account laying about, might be worth a shot to trade or arbitrage there for a few weeks now. Bitstamp
Blockchain Space Telegram Bounty Until June 2021 Blockchain Space runs a Telegram activity bounty. The most active users will be paid 50 USDT every 15 days. info