Sunday, 8 November 2020

Timing of Silk Road BTC movements, Tether go BRRRR, and USG regulatory pressure on exchanges

Has anyone else noticed all of the US government activity around BTC lately? First, exchanges are getting hammered: Bitmex execs got disappeared , Binance got outed for their "Thai Chi corporation", and Bitfinex is taking more and more heat from the NYAG. The $1 billion Silk Road coins were seized by USG, but they won't say who "Individual X" is. All of this with a backdrop of huge ongoing BTC mempool bomb (reminiscent of November 2017 when BTC pumped and dumped from $20k->$3k) and a huge Tether pump ($700+ million this month alone, again similar to 2017).

It almost feels like "she's ready to blow"...

submitted by /u/wtfCraigwtf
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source https://www.reddit.com/r/btc/comments/jq5k8r/timing_of_silk_road_btc_movements_tether_go_brrrr/

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