Worries Grow That the Price of Bitcoin Is Being Propped Up

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by mtgx on Thursday February 01, 2018 @11:07AM (#16282888)

And yet they were able to print like 800 million USDT a month after being subpoenaed by the US government.

Strange, no?

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by JonnyNova on Thursday February 01, 2018 @11:28AM (#16283107)

Not necessarily. I don't believe Tether has the backing they claim. Given that though, the subpoena wasn't public yet and it is plausible clients may have been continuing to send Tether money during that time.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by dharma1 on Thursday February 01, 2018 @11:27AM (#16283098)

This is what I thought about too. So either they just thought screw it, let's make hay while the sun shines, the feds will never get us - or they are legit

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by tim333 on Friday February 02, 2018 @03:14AM (#16289183)

I'm not sure the US govt has any direct jurisdiction to stop them. And the investors receiving the USDT probably weren't aware of the subpoena.

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