Sunday, 8 August 2021

After 2 month stoppage, Tether is printing/pumping again

https://coinmarketcap.com/currencies/tether/ (Click Market Cap tab, not Market tab)

Well boys, after 2 months of idling the printing presses and even burning some USDTs, Tether is back to printing more than $100 million per day. What a shock that BTC price has pumped over $40k again /s. Since Ardoino and Hoegner are facing prosecution, I suppose they're going YOLO since there isn't much difference between a $61 billion fraud and a $65 billion fraud.

Also ETH price is appreciating rapidly after the London hard fork, perhaps they're trying to keep the ETH/BTC ratio from breaking all-time highs? After all, it's possible to use ETH. With the US government about to announce that they "control" the entire crypto space, this should be an interesting week! BTC mempool and blockchain are quiet, so thus far it's all shuffling around MySQL balances on exchanges. But if that BTC mempool gets jammed and fees go to $100, all bets are off.

Someone appears to be spamming the BCH mempool, but of course our lovely P2P network is handling the situation quite nicely! The same can't be said about BSV :).

submitted by /u/wtfCraigwtf
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source https://www.reddit.com/r/btc/comments/p01upe/after_2_month_stoppage_tether_is_printingpumping/

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