Crypto.IQ Daily Radio Show May 22: Tether (USDT) Tells Court It Is Investing Reserves in Various Assets, Block.one Gives Early Investors 6,600% Profits in Share Buyback, CME Bitcoin Futures Only Has 2,500 Traders Even After Rapid Growth, Peer to Peer Bitcoin (BTC) Trading May Be Legal in China to an Extent

May 22, 2019 / by Zachary Mashiach

Listen to the May 22 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) continues to be range bound between support at $7,600 and resistance at $8,300. Block.One, the company behind EOS, is doing a share buyback for $1,500 per share. Early investors purchased shares at $22.50 and therefore made profits of 6,600%. We discuss how Tether Limited has admitted in court that it used Tether’s (USDT) reserves to purchase Bitcoin (BTC) and other undisclosed assets, in contrast to the original promise that Tether Limited would hold a dollar in the bank for every Tether (USDT) in circulation. Learn about how there are only 2,500 traders that use CME Bitcoin futures, which is surprising considering the big impact that CME Bitcoin futures have on the market. We also discuss how peer-to-peer Bitcoin (BTC) trading in China is effectively legal because Bitcoin (BTC) is considered property, but if someone is running a trading business and loses money due to the market going down, they may face severe penalties. Hear about how yet another Bitcoin ETF has been submitted to the SEC, and how Sir Bronn of the Blackwater from Game Of Thrones is backing an ICO for VeganCoin.

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