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by Commander Tansin A. Darcos 12/21/2017, 8:40pm PST |
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An article in Seeking Alpha says that Bitcoin's price has shot up so massively because a trading house is pulling the equivalent of a Ponzi scheme. Apparently Tether Limited is creating its own trading units, called Tethers, using them to buy bitcoins, then selling them for dollars. This sounds more like a check-kiting scheme from what the article says is going on.
You may want to take some action after reading the above article, if you have investments in Bitcoin. |
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