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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16682873" data-attributes="member: 137766"><p>????? Scam?</p><p></p><p><a href="https://seekingalpha.com/news/3755280-hindenburg-offers-1m-bounty-for-details-on-tethers-backing" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3755280-hindenburg-offers-1m-bounty-for-details-on-tethers-backing" target="_blank">Hindenburg offers $1M bounty for details on Tether's backing</a></p><ul> <li data-xf-list-type="ul">Hindenburg Research offers a reward of $1M for information "leading to previously undisclosed details" about cryptocurrency Tether's (<a href="https://seekingalpha.com/symbol/USDT-USD" target="_blank">USDT-USD</a>) backing.</li> <li data-xf-list-type="ul">Tether (<a href="https://seekingalpha.com/symbol/USDT-USD" target="_blank">USDT-USD</a>) markets itself as a stablecoin, meaning each $1 of Tether is backed by an actual dollar or other reliable asset.</li> <li data-xf-list-type="ul">"Hindenburg has doubts about the legitimacy of Tether's backing due to the company's sparse disclosure," the company said in a <a href="https://hindenburgresearch.com/tether/" target="_blank">statement.</a> "The company claims to hold a significant portion of its reserves in commercial paper yet has disclosed virtually nothing about its counterparties."</li> <li data-xf-list-type="ul">In June, the <em>Financial Times</em> reported that Tether disclosed in May that it held just under $30B in commercial paper to back the stablecoins. That would<a href="https://www.ft.com/content/342966af-98dc-4b48-b997-38c00804270a" target="_blank"> make it</a> one of the biggest CP holders like Vanguard and BlackRock, the <em>FT </em>said.</li> <li data-xf-list-type="ul">Previously (Oct. 15), <a href="https://seekingalpha.com/news/3753378-cftc-orders-tether-bitfinex-to-pay-a-combinedfine-of-425m" target="_blank">CFTC orders, Tether, Bitfinex to pay a combined fine of $42.5M</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16682873, member: 137766"] ????? Scam? [URL='https://seekingalpha.com/news/3755280-hindenburg-offers-1m-bounty-for-details-on-tethers-backing'] Hindenburg offers $1M bounty for details on Tether's backing[/URL] [LIST] [*]Hindenburg Research offers a reward of $1M for information "leading to previously undisclosed details" about cryptocurrency Tether's ([URL='https://seekingalpha.com/symbol/USDT-USD']USDT-USD[/URL]) backing. [*]Tether ([URL='https://seekingalpha.com/symbol/USDT-USD']USDT-USD[/URL]) markets itself as a stablecoin, meaning each $1 of Tether is backed by an actual dollar or other reliable asset. [*]"Hindenburg has doubts about the legitimacy of Tether's backing due to the company's sparse disclosure," the company said in a [URL='https://hindenburgresearch.com/tether/']statement.[/URL] "The company claims to hold a significant portion of its reserves in commercial paper yet has disclosed virtually nothing about its counterparties." [*]In June, the [I]Financial Times[/I] reported that Tether disclosed in May that it held just under $30B in commercial paper to back the stablecoins. That would[URL='https://www.ft.com/content/342966af-98dc-4b48-b997-38c00804270a'] make it[/URL] one of the biggest CP holders like Vanguard and BlackRock, the [I]FT [/I]said. [*]Previously (Oct. 15), [URL='https://seekingalpha.com/news/3753378-cftc-orders-tether-bitfinex-to-pay-a-combinedfine-of-425m']CFTC orders, Tether, Bitfinex to pay a combined fine of $42.5M[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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