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Re:Are pixie fairies behind Bitcoin's latest bubble? by darawk on Monday November 23, 2020 @05:21AM (#25185284)
Because their banks keep shutting down their accounts. They've been playing whack-a-mole with regulators for a long time, and they probably view the NYAG's request as a backdoor way to find out where and how they're banking in order to shut them down.
Re:Are pixie fairies behind Bitcoin's latest bubble? by 35fbe7d3d5b9 on Monday November 23, 2020 @11:07AM (#25188203)
So nobody knows if Tether is backed because:

* it isn't and Tether wants to keep people in the dark

* it is, but a hammer is ready to fall that probably involves OFAC freezing funds

Any other options I'm missing? Because neither of those look good.

Re:Are pixie fairies behind Bitcoin's latest bubble? by darawk on Saturday November 28, 2020 @04:08AM (#25236408)
People have been saying this for years now. Not only has nothing materialized, but the price has barely ever deviated from the 1:1 peg.