Kind of frustrating to me that of all the financial journalists in the world nobody said "Oh a multi-billion dollar fraud attached to one of our hottest news stories this year, maybe I should get on that beat consistently."
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Credit where credit is due: https://caribbeanbusiness.com/puerto-rico-to-have-first-cryptocurrency-bank/ … https://blog.bitmex.com/tether/ These folks listened to people who knew facts then found unambiguous government data substantiating them.
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I do not believe this argument is very strong. There are no verified institutional buyers of Tether, and they claim to have processed billions of such purchases. It's eminently plausible the tether money is just... Bitfinex money.
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