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Crypto.IQ Daily Radio Show May 1: Tether (USDT) Reveals That They Are Running On A Fractional Reserve, United States Indicts Two Men Associated With Crypto Capital For Bank Fraud
Manage episode 346993621 series 3121339
Kandungan disediakan oleh Zachary Mashiach. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Zachary Mashiach atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) is stuck below resistance at $5,300 and the crypto market is mixed this morning. Tether (USDT) has announced that 76% of Tether (USDT) is backed by cash and cash equivalents, with the other 24% being held by Bitfinex. This breaks the paradigm that Tether (USDT) is backed 1:1 by cash in a bank, and Tether (USDT) is showing weakness this morning on Kraken.. Additionally, two men associated with Crypto Capital and Global Trading Solutions LLC have been indicted for bank fraud. These indictments are connected to the lawsuit against Bitfinex. Hear about how hackers have compromised the Electrum wallet and have stolen $4.6 million while infecting 152,000 computers. Learn about how Bitcoin (BTC) on-chain transaction volume in terms of USD has doubled since February, but this has simultaneously brought back scalability concerns due to frequent overloading of the mempool and transaction fee spikes.
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