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Tether Admits to Buying BTC with Reserves by kingscrown

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· @kingscrown ·
$24.34
Tether Admits to Buying BTC with Reserves
![image.png](https://ipfs.busy.org/ipfs/QmYuNck41Fqdn7AWfZJwdDzqthMztakzjvcCpfS98eFRP3)
Means just 74% (at max) is backed by USD while rest can be ie backed by BTC.

![image.png](https://ipfs.busy.org/ipfs/QmfAKyGYrTKcx92s2vrF1ZTRQ9RafUVcRA7Cet4kdBmngP)


## Markets
![image.png](https://ipfs.busy.org/ipfs/QmQU5RFiTJcpXZezE4XCGzwzYeoMKmWu4jsQdJadzgZKhH)

I have quit BFX lately when NYC filled case. People ask where i trade.. Well Bittrex and Bitstamp but those need document verification.

## Exchanges to Use with no Documents
- [Binance](http://fuk.io/binance) - the obvious top vol exchange, has STEEM
- [BiBox](http://fuk.io/bibox) - amazing China exchange, i think its gonna be the next hot thing
- [KuCoin](http://KUCOlN.com) - similar to the other two with NEO and ETH pairs
- [Lbank](http://fuk.io/lbank) - get there as long as its cheap, they do mad volumes already
- [CoinExchange](http://fuk.io/coinexchange) - many ETH tokens and anon coins like ZEC XZC EXCL
- [COSS](https://sso.coss.io/api/invite/3CZ0YDS3JP) - many deals on ETH tokens for arbitrages
- [OpenLedger](http://fuk.io/openledger) - decentralized exchange build on BTS, the older brother of STEEM
- [BitMex](http://fuk.io/bitmex) - Leverage trading of BTC, EOS and many others, superb liquidity
- [SimpleFX](http://simplefx.club) - Margin trading of stocks, forex and cryptocurrency

<center> 
<strong><a href="http://cryptoincomeguide.com">CRYPTO INCOME GUIDE EBOOK - FREE FOR LIMITED TIME - DOWNLOAD HERE </a></strong>
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vote details (511)
@chesatochi ·
It is about time to remove this clown coin. ;)

Posted using [Partiko Android](https://partiko.app/referral/chesatochi)
👍  
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@roger.remix ·
I smell fish coin! 🎏 u got hooked?!? 😉

Posted using [Partiko Android](https://partiko.app/referral/roger.remix)
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@travelersmemoire ·
That definitely sounds illegal...

Posted using [Partiko iOS](https://partiko.app/referral/travelersmemoire)
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@vdux ·
Fuck Tether. It needs to die. Even if that means short-term crash in BTC. Undermines everything crypto stands for.
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@chekohler ·
$0.05
Damn, Tether, Cobinhood and Cryptopia scandal all within this past year, BTC really has had to take a lot of knocks so im pretty impressed with how bullish it has been
👍  
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@harpooninvestor ·
Will prove awkward when BTC continues its travels to zero.
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@steem-ua ·
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