Tether FUD is over

Pursuant to the above terms of Engagement, and the discretion provided by Tether, FSS selected the date of June 1st, 2018, and received the following balance information from Tether’s two banks as of the close of the banking day. FSS received the following confirmations from the respective banks by sworn and notarized statements provided by duly authorized personnel.

BANK 1: $ 1,968,538,584.82 USD (unencumbered)

BANK 2: $ 576,528,652.00 USD (unencumbered)

TOTAL: $ 2,545,067,236.82 USD

the amount of fully-backed USD Tethers in circulation as of June 1st, 2018 was equal to $ 2,538,090,823.52 USD Tethers.

Now, we are going to the Moon!

https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf

submitted by /u/tedjonesweb
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Bitcoin – The Currency of the Internet

Mt Gox Coin Movement Telegram Notifications (Plus Tether Printing)

Hello r/Bitcoin,

We're the guys who posted about the Mt. Gox coins moving last week.

Since the post kinda took off in here, we've had a bunch of users ask for access to our bot for notifications when the coins move. Also, we kinda feel like we owe you one, considering the news scoops provided on r/Bitcoin and other crypto subreddits are better than those provided by an army of VAs!

Therefore, we've added the following to our telegram channel:

  • Instant notifications when Mt. Gox BTC coins move
  • Instant notifications when Tether prints fiat, including via the ERC20 contracts

Disclaimer: Curated news from our site is posted to the channel also.

Hope some of you find this useful, we're trying to provide real value in our channel and have a few more nifty tools lined up. We're also open to any suggestions.

You can find our channel via the website (https://blokt.com/) or at "t.me / bloktcrypto" (automod doesn't seem to like TG links).

submitted by /u/bloktgreg
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Bitcoin – The Currency of the Internet

Independent Ratings Agency Alerts Investors About Dangers of Tether (news.bitcoin.com)

Another outside observer of the controversial tether cryptocurrency is warning about the dangers it presents for the uninterrupted operation of USDT exchanges. Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem.
Also Read: Faced With Criticism IOTA Fans Try to

Bitcoin

Study Finds Little Correlation Between Tether Printing and Bitcoin’s Price (news.bitcoin.com)

Over the past few months there’s been a lot of internet chatter concerning the digital currency tether (USDT) and whether or not it’s really backed by U.S. dollars. Further, there’s been skeptics, speculators, anonymous Twitter handles, and well-researched reports that claim tether printing moved the price of BTC considerably this past year. However, just recently a Ph.D. student at the University of Groningen analyzed the situation, and his findings reveal the theory of new tethers pumping…

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