Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by Hermel on Thursday February 01, 2018 @11:41AM
(#16283246)
I would guess that the traders who hold millions worth of tether have a good business relationship with Bitfinex and have more information than is publicly available. And that information seems to make Tether more trustworthy. A reason why they don’t want to make their bank statements public is that their bank fears being cut off from USD clearing once it gets known that they are handling Bitfinex funds. So there are actually valid reasons to be secretive and the unsatisfactory level of public information is a side effect of the whole regulatory circus the financial sector is burdened with.
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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by ceejayoz on Thursday February 01, 2018 @11:49AM
(#16283321)
They don't have to make the name of their bank public.
They just have to prove it exists to their auditor. Who just severed ties with them and deleted any mention of them from their website.