Bitcoin’s Black Swan: What Happens If The CFTC Targets Tether Next?
The unthinkable just happened: Bitcoin derivatives trading platform BitMEX is being targeted by the CFTC for a variety of charges, and the company’s CTO has already been arrested related to the case. Now, the worst possible scenario could be on the horizon: The United States regulator could target Tether and parent company Bitfinex next. Here’s […]
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The term "Black Swan Event" describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the unpredicted rise of the internet), and bad Black swans (rise of Hitler). The absurdity of a Black Swan ever existing was so outrageous during the middle ages it became a metaphor for the laughably impossible. In today's world we might comparably say something about snowball's chance in Hell. For many centuries, the metaphor existed until about the year 1700 they were discovered to actually to....
Bitcoin price is trading near $50,000 and the uptrend appears to be just now getting under way. So why then, is the author of the Black Swan, Nassim Nicholas Taleb choosing now to sell his BTC? His credentials also include options trader, mathematician and risk analyst. Is his warning something investors should seriously heed – or has he got it all wrong this time? Black Swan Author Blasts Crypto Investors, Begins Selling Bitcoin Nassim Nicholas Taleb upset […]
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....
Per a press release, the U.S. Commodity Futures Trading Commission (CFTC) has disclosed that their review on Tether Holding Limited and other associated companies has concluded. As a result, Tether has agreed to pay a $41 million fine. Related Reading | Breaking: Tether Executives Could Face Criminal Probe for Alleged Fraud The Commission concluded that Tether […]
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.”
CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’
The stablecoin issuer....