Tag: Tether

Bank punish crypto users when they won’t give you a mortgage

Just your friendly reminder that the US government spent $4 trillion of taxpayer dollars bailing out the banks and gave them trillions more with  PPP but the $2 trillion dollar crypto industry which has never received a dollar of government funding is the one being scrutinized.

JPMorgan agrees to pay $15.7 mln to settle spoofing lawsuit

BANKS WILL PUNISH YOU GETTING A MORTGAGE IF YOU ARE BUYING CRYPTO

@ercwl
After weeks of discussion I was just turned down to get my first mortgage because of my crypto transaction history {….@Swedbank}

I said “ok look I won’t do any crypto transactions at your bank then” they said ”we are sorry but we can’t serve you with the knowledge of what you are doing at other banks”

I’m usually a pretty privileged semi-white CIS male and this offends me

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Having the same issue in the U.S of A. I was finally able to get an approval but I wasn’t allowed to use any of the crypto funds towards the house. I’m unlucky enough to still have employment income but they essentially cut my my buying power in half.

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Similar story, crypto holdings almost sunk my mortgage application. Managed to take advantage of a loop hole and get the mortgage anyway. Way more difficult than it should have been.

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Sorry to hear you need a mortgage Eric. Have you considered buying #HEX instead? I’m sure it could alleviate the need for a mortgage in a very short time.

Why do you need a mortgage? http://HEX.com user unaffected.

Interest-free Borrowing
Users can borrow the stablecoin LUSD interest-free against their ETH used as collateral. They can thus obtain an ETH-backed loan without any recurring costs.

Tether

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Anybody building a bitcoin backed mortgage product?

https://twitter.com/CoinHomes
We provide a complete service for the purchase, sale and financing of real estate using #bitcoin
https://coinhomes.io is working on this where pledged asset is crypto.

The estate that has it all! One of #Houston ‘s most esteemed estates is going for 784.97 BTC #Bitcoin #Bitcoin2021 #cryptocurrency
https://coinhomes.io/property-details?id=7755145996

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Red Alert: Congress Wants to Destroy Your Self-Directed IRA

Under 6050I of the tax code, there is new surveillance: required reporting on returns > $10,000 from digital assets starting in 2024. If not, there is a 5 year felony.

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The price of #Bitcoin was $1,022 when China first banned it in 2013. In conclusion, everything is good for #Bitcoin.

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“… A healthy democracy encourages new people and ideas”

Tether

You don’t need a weatherman to know which way the wind blows.

Tether

Tether is fully backed, full stop.

So let’s have some fun, shall we?
Keep in mind I’m the guy that’s been journaling all of this with a narrative that hasn’t ever changed.
First: black hole
Second: filled with BTC
Now: the BTC has been used to buy commercial paper with a twist
But what does that mean?
This is my theory: Tether found an underwater sino real estate company and convinced them they could be saved if they just played along. Tether buys their paper w/ BTC, and the company can keep like 30%, but at the end the bond must be paid back w/ that BTC.
A thread

The crypto community considers a guru Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer of Bitfinex, one of the major crypto exchange platforms in the world, and a director of Tether Ltd which issues the homonymous virtual currency pegged to the dollar. Through Tether pass more or less 80% of bitcoin trades. Since April 2019, Bitfinex is under investigation by the New York Attorney General for abusive financial intermediation. Other US Federal investigations accuse Crypto Capital Corp., a Panamanian company, of money laundering.
https://nicolaborzi.medium.com/the-lawless-rollercoaster-of-bitcoin-enriches-few-investors-while-many-often-lose-everything-f9b4789444c2

https://twitter.com/BennettTomlin/status/1436035652370452482

https://twitter.com/BennettTomlin/status/1436029698396536834

Tether claims they cannot disclose the name of their Chief Investment Officer

For the record
https://twitter.com/ExkrementKoin/status/1436034079829471235/photo/1
Mr. Silvano Di Stefano Tether’s Chief Investment officer CIO
of Italian troubled bank together with Mr. Alberto Cantarini who reported to Mr. Gianluca Baldassarri former chief of Mps London Finance branch and well known in Italy for Mps trials,
https://twitter.com/BennettTomlin/status/1436029698396536834

4/5/2019 Silvano was also the person on the loan agreement between Tether and Bitfinex for those who don’t remember
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=0pbbMaSfXK5hx68VPp_PLUS_fWQ==

iFinex Inc. Borrower located in the BVI Tortola — Tether inc registered in Hong Kong Tether Limited Lender

Res to NY AG Freedom of Information Law Re quest No. G000261-2021
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=oBdhD/5_PLUS_L7RIRhat6MJLng==

It’s because they don’t want you to look at BlueBit Silvano’s crypto hedge fund http://34.254.21.20

Yes Giancarlo is doing this while also the CFO of both Bitfinex and Tether
http://ec2-34-254-21-20.eu-west-1.compute.amazonaws.com/
https://nicolaborzi.medium.com/the-lawless-rollercoaster-of-bitcoin-enriches-few-investors-while-many-often-lose-everything-f9b4789444c2

Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer of Bitfinex, one of the major crypto exchange platforms in the world, and a director of Tether Ltd which issues the homonymous virtual currency pegged to the dollar. Through Tether pass more or less 80% of bitcoin trades.

https://twitter.com/nicolaborzi/status/1437119986737242112

https://twitter.com/nicolaborzi

Stablecoins Face Crackdown as U.S. Discusses Risk Council Review
U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability, scrutiny that could lead to dramatically ramped-up oversight for a fast-growing corner of the crypto market.

#Tether #stablecoins Giancarlo,  Paolo, Pietro
The #Feds lose their patience.
https://www.bloomberg.com/news/articles/2021-09-11/stablecoins-face-crackdown-as-u-s-discusses-risk-council-review

Crypto exchange Bitfinex has launched Bitfinex Securities that will allow trading of tokenized equities and bonds. “We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges,” Bitfinex Securities CTO Paolo Ardoino told The Block
https://www.theblockcrypto.com/post/116728/bitfinex-securities-new-exchange-tokenized-equities-bonds

#Tether – BACI: Blockchain Association of the Cayman Islands – BACI’s mission: “To promote everything Blockchain related in the Cayman​, “Facilitate collaboration & lobbying government to develop the Cayman Islands as one of the preferred locations for any blockchain project”
David Walker BACI Treasurer
https://caymanblockchain.org/author/david-walker/

The Calvery is coming