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Tether: Unraveling the Ominous Precedent and Scapegoat Narrative

The recent turbulence in the cryptocurrency market has sparked concerns about the safety of stablecoins, exemplified by the dramatic crash of Luna. Tether, a prominent stablecoin, faces scrutiny following revelations of misrepresented reserves and lack of transparency. The recent CFTC actions against iFinex Inc. shed light on these issues and underscore the importance of due diligence in cryptocurrency investments. It is crucial for investors to stay informed and exercise caution in navigating the volatile crypto landscape.

By NovaX
Updated 3 months ago
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USDT Tether: Revealing 82.45% Reserves in U.S. Treasury Bonds

SIVB SVB Financial Group experienced a significant bank run, resulting in a $1.8 billion loss from bond sales to raise funds. With a poor yield of 1.79, the situation is dire for the group. On the other hand, USDT Tether announced rapid equity growth on Dec 2nd, 2022, with 82.45% of reserves in U.S. Treasury bonds and cash equivalents. Speculation arises about Tether's yield amidst these developments. The possibility of witnessing the collapse of USDT Tether looms large given the current circumstances.

By NovaX
Updated 3 months ago
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Monitoring the USDT/USD Pair: Key Insights for Cryptocurrency Enthusiasts

I have been checking USDT/USD pair since last weeks, and already had some thoughts that something is coming, before the news came out about Huobi. Honestly, I was expecting that something will happen to Binance, but... Currently, Important price level on USDT is 0.9898$ Breaking below, may lead the price lower. Ofcourse this will affect negative on Crypto Market. FTX crash dropped USDT to 0.97$ I believe that it will be another negative move to scare people.

By NovaX
Updated 3 months ago
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Unveiling the Growing Instability of Tether in the Cryptocurrency Market

Tether has come under scrutiny as one of the most significant Ponzi schemes in the history of cryptocurrency, facing increasing instability by the day. The value of USDT is influenced by various factors, including the fluctuation of the dollar and the continuous injection of Tether into Infinium to manipulate the prices of other cryptocurrencies dependent on USDT. There is a looming concern that Tether may face a sudden collapse and experience a substantial loss in value, similar to the TerraUSD/LUNA collapse, but on a much larger scale due to Tether's extensive market cap. Holding significant amounts of TETHER on any...

By NovaX
Updated 3 months ago
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