Tether fraud can't continue without US banks to assist, it's how new money comes in from the retail suckers.
FTX's connection to Silvergate could be problematic.
Block One Bailed out Bitfinex ($500M)
Block One now buys 9.27% of Silvergate
Just a happy bitcoincidence, I'm sure.
FTX's connection to Silvergate could be problematic.
Block One Bailed out Bitfinex ($500M)
Block One now buys 9.27% of Silvergate
Just a happy bitcoincidence, I'm sure.
It'll be interesting if banks start to blockade transactions to crypto friendly banks, in an effort to prevent people from getting scammed.
Moonstone might have been an attempt around that, creating new banks that won't initially be blocked.
Moonstone might have been an attempt around that, creating new banks that won't initially be blocked.
Banks never actually hated crypto, if they did, they'd already all be blocked, it's just that crypto exchanges don't actually want to be compliant, so the least compliance crypto exchanges can never get bank accounts.
Which is why they tried to fix this with tether.
Which is why they tried to fix this with tether.
Except tether itself can't get legitimate bank accounts, because they don't want to be compliant.
One has to wonder why they would need to buy more crypto banks if Deltec is already crypto friendly, unless those accounts are in fact getting shut down ?
One has to wonder why they would need to buy more crypto banks if Deltec is already crypto friendly, unless those accounts are in fact getting shut down ?
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