In Crypto-Markets, pretty much every single crypto-coin is always priced in United States Dollars, or, USD. Internally, exchanges may show the prices in terms of Bitcoin if they’re not using USDT in the pairing, but the reality is nobody cares about this.
They care about the “USD”, or fiat values, because it is these values that these people want to buy their Lambos with.
Many of these people can’t ‘cash out’ on these exchanges either. They have to convert to Bitcoin, and then cash out for fiat on a real money exchange.
It is for this reason, that prices and volume on these exchanges should be ignored. …
As I’m sure you are all aware, recently Bitfinex and Tether announced that the relationship between them, and their auditor, Friedman LLP has been dissolved.
“We confirm that the relationship with Friedman is dissolved. …
Bitfinex is mad because I actually took the effort to listen to all of their available recordings of their public chat channels. They know these channels can be recorded. They are public.
Anyone can go onto them and listen to them. They even stream it on YouTube.
In some cases, the principals behind Tether and Bitfinex make some startling admissions, including admitting to what I consider to be bank fraud, money laundering, and even admitting that they even considered doing fraud… but then say they totally didn’t.
Here are those recordings. You should save these immediately and repost them to as many places as possible. …