How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations

The cryptocurrency markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following allegations that the Bitfinex exchange covered up an $850 million shortfall using the U.S. dollar-pegged Tether (USDT) stablecoin. The New York Attorney General’s office alleged in a statement on Thursday that Bitfinex lost $850 million and used customer and … Read more

Crude Oil Prices May Fall if US GDP Data Disappoints

CRUDE OIL & GOLD TALKING POINTS: Crude oil prices drop as China pivots away from Iranian to Saudi imports Deeper losses likely if 1Q US GDP data disappoints, stoking risk aversion Gold prices stalling but technical positioning carries bearish implications Crude oil price fell yesterday, posting the largest daily drop in two weeks. This may … Read more