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Bitcoin is digital gold. reddit.com/r/bitcoin
FUN FACT: 🟠 A dozen eggs in the US is currently going for about 44 bits & 99 sats 👀
By Wicked
🚨 Gather around anons, it's time to expose Celsius 🍿
In 2022, Tether made available USDt to some of its customers – including Celsius.
Tether's arrangements with customers are very simple: Tether provides USDt to selected customers who provide an overcollateralization in Bitcoin.
If the price of bitcoin (the collateral) falls below the margin call price, then the borrower needs to send more collateral. If more collateral is not sent, Tether has the right to liquidate the customer’s position.
Simple.
In 2022 the world discovered that, while almost every player in the crypto industry was lending to its customers while requiring just a pinky swear as collateral, Tether required overcollateralization with sound assets (e.g., Bitcoin).
This is how Tether provides unparalleled risk management.
In June 2022, when Bitcoin price declined, Celsius instructed Tether to sell the Bitcoin that Tether held as collateral. Tether was able to liquidate those Bitcoin and return the excess to Celsius (and disclosed transparently the action at that time tether.io/news/tether-di… ). Showing the quality of Tether's risk management and liquidity.
Now, more than two years later, this baseless lawsuit is trying to claim that we should give back the bitcoin that were sold to cover Celsius’ position.
Absurd.
This lawsuit will be fought till the end. It's important to set an example on behalf of the entire industry that shameless money grabs will not work.
When it comes to the safety of USDt users, without doubt our main priority and duty, Tether group has equity of nearly $12 billion (as recently announced tether.io/news/tether-q2… ) . Even in the most remote scenario in which this baseless lawsuit will get somewhere, USDt token holders will not be impacted.
h/t Paolo Ardoino
Germany dumping, Mtgox coins, US government selling, recession, ww3, panic selling
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This happened just a few days ago. Volatility favors long-term holders.
Those who can take the opportunity to stack do it.
Volatility is a feature, not a bug.
🇺🇸 RFK Jr: "They can just print money without asking anyone's permission, which is why we have wars."
Opt-out with #Bitcoin.
NEW: 🟠 CNBC on Morgan Stanley allowing their advisors to pitch clients #Bitcoin ETFs: "It's only going to be a matter of time before it gets more traction" 🚀
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It’s all going to zero against #Bitcoin 📉
There is no second best.
How Governments Can Easily Kill Bitcoin
by Matthew R. Kratter
Whales are accumulating #Bitcoin like never seen before.
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🇺🇸 Robert F. Kennedy Jr. unveils his bold Bitcoin strategy at the Nashville Bitcoin Conference. From strategic asset to tax-free transactions, he’s pushing Bitcoin policy. Can it shift the tides?
📰 https://btctimes.com/robert-f-kennedy-jr-outlines-his-bitcoin-strategy-for-day-one-as-u-s-president/
📣 https://x.com/btc/status/1821655020024078396
📈 President Putin has signed a law legalizing #Bitcoin and crypto mining in Russia! Mining is now regulated, with Russian entities and individual entrepreneurs allowed to participate. 🇷🇺
📰 https://btctimes.com/putin-approves-legislation-legalizing-bitcoin-and-crypto-mining-in-russia/
📣 https://x.com/btc/status/1821639894596284852
"Four years ago today, MicroStrategy adopted #Bitcoin as its primary treasury reserve asset; since then $MSTR has outperformed 499 of 500 stocks in the S&P 500."
By Michael Saylor
“Make sure you’re aware of this, if you’re stacking small amounts of bitcoin, don’t get burnt this way, don’t have millions of UTXOs ‘cus they’ll all be unspendable. You’ll get wiped out in txn fees and you won’t have anything like the bitcoin you think you do.”
- GrassFedBitcoin
⚖️ Tether contests Celsius Network’s $2.4B lawsuit, asserting it acted properly in a 2022 loan deal, following Celsius' instructions during Bitcoin's drop.
📰 https://btctimes.com/tether-responds-to-2-4-billion-lawsuit-filed-by-celsius-network/
📣 https://x.com/btc/status/1822315896053940275
🟠 Max Keiser's full speech delivered for Bitcoin Veterans while at the Bitcoin Conference 👀
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When your friend asks you for the 69th time “is now a good time to buy #bitcoin or do you think it will go lower?”
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🚀 Big money is flowing back into Bitcoin! On August 8th, spot Bitcoin ETFs saw massive inflows of $192.5M, pushing BTC back above $60K after dipping below $50K earlier this week. 📈
📰 https://btctimes.com/spot-bitcoin-etfs-record-highest-inflows-in-the-last-two-weeks/
📣 https://x.com/btc/status/1822017359667671117
NEW: 📺 Fox Business says Michael Saylor's MicroStrategy "is outperforming everything" since they adopted #Bitcoin
"It's crushed everything." 🔥
ICYMI: ⛏ Bitcoin miner MARA purchased $100M worth of #Bitcoin, bringing their holdings to +20K #BTC, and adopts a HODL strategy, retaining all mined #Bitcoin and making periodic strategic purchases 🙌
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Best explanation on why fiat money is a crime against humanity and why #Bitcoin is the solution
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NEW: 🟠 Michael Saylor disclosed buying 17,732 #Bitcoin for $175M in 2020.
Today, those coins are worth $1B. 👀
The perfect macroeconomic storm for #Bitcoin is brewing 👀
HODL tight! 💪