- This topic has 11 replies, 2 voices, and was last updated 5 months, 3 weeks ago by kirtash93.
- Friday, June 17th, 2022 at 19:37 #310909HuijaustaParticipant
Cryptocurrency News – Tether : the coin that could wreck crypto – The New York Times (full article on archive.is).
Read Here (Article Link):
What are your thoughts after reading this news article?Friday, June 17th, 2022 at 19:39 #310911Huijausta
Fresh article from today, published in a widely read publication.
> Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days. A newfangled crypto bank halted withdrawals. And investors have been plunged into financial ruin.
> Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come.
> Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide. Long one of the most scrutinized companies in the industry, Tether is facing heightened pressure from regulators, investors, economists and growing legions of skeptics, who argue it could be another domino to fall in an even bigger crash.
Let the accusations of “FUDding” and “concerted attacks” commence 🤡👌Friday, June 17th, 2022 at 19:44 #310916pukem0n
could…and will. someday.Friday, June 17th, 2022 at 19:45 #310914meshreplacer
Now all of a sudden Corporate media is publishing negative news on crypto. That means they must have unwound thier positions and now they no longer need to only report good news. I find it hard to believe they just discovered the whole Tether thing on a friday before a weekend. Something that is old news and been known about for years.Friday, June 17th, 2022 at 19:46 #310917Socialinfluencing
Well to be fair, in order to see the tether logo in that colour you’d have to be on some pretty good mushies.Friday, June 17th, 2022 at 19:47 #310915Corkkel85
All this FUD coming from all angles – Bear market has peaked 🤣🤣Friday, June 17th, 2022 at 19:50 #310910Aquabloke
At the bottom of the article:
“Everyone’s freaking out — like, ‘I lost my life savings,’” said Mr. Collins, who founded Tether with Mr. Pierce and now runs a crypto venture called BLOCKv. “That’s a tragedy, but it’s just as much of a tragedy when someone says, ‘I went to a casino and lost my life savings.’ But that doesn’t mean let’s regulate casinos out of existence.”
That sure does inspire a lot of confidence!Friday, June 17th, 2022 at 19:54 #310912bekele024
I think everyone’s aware by now. Even if they call it fud, no one believes they have $90b in reserves. But what’s the solution other than tear everything down ($1T) and start from 0 without them? They are fully embedded in the market, there’s no patch for this.Friday, June 17th, 2022 at 19:58 #310918isaksvorten
Old news getting publicity because of falling crypto marketFriday, June 17th, 2022 at 19:58 #310919jam-hay
Often wish Tether would die to dispel the FUD it hangs over all crypto. Crypto was around before Tether and will be around after.Friday, June 17th, 2022 at 20:00 #310913Clean_Eyes
Downfall of tether will be the bottom of crypto so let’s get it going!Friday, June 17th, 2022 at 20:10 #310920kirtash93
What have Tether and govs in common?
>!They both print money!<
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