I've been following CryptoMedication blog for some time. Here and there it offers interesting hints and bites of information, sometimes obvious, sometimes ground-breaking.
If you have about 30-40 minutes or so of spare time, have a look at the investigation on the crypto complot CM has discovered.
It is way too long to be summarized in several bullet points. I just want to list the main accusations:
- Some people in crypto are working for two or more institutions simultaneously. The worst of them combine Tether and Bitfinex
- Tether is not really USD backed (no surprise here). "Tether is bogus, undeniably" CM states.
- Tether is used to milk Bitcoins from naive investors and to stuff them with altcoins instead
- Poland and other front tier jurisdictions were the only ones allowing fiat-crypto switches (not news to me, there are Azerbaijan, many islands) — but slash this activity from time to time...
- ...and Bittrex lost $0.5bn in Poland. Pity.
- Cryptoexchanges are using shell companies!!! Bad, bad exchanges...
- Panama is a home to many nominals and shells!!! Bad, bad Panama...
- If there is a logo on some web-site — that means all possible ties between the two structures.
- Barry Silbert has invested in too many blockchain start-ups, and he's the real Master of the Puppets in all shady blockchain movements.
Nevertheless, I DO recommend on reading — at least to expand your horizons in the sector.
By the way, the title is misleading — there is effectively very little on Bitcoin and its story. But who knows of Poland villages? And would they look attractive in the title? :)
You can contact me via
- Linkedin Sofia Paskal
- E-mail sofia@morecommunications.ru
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