Written by :
C Costigan
Published on :
Bloomberg is reporting that Bitfinex has been subpoenaed by U.S. regulators. This is all regarding Tether, which is claimed to be pegged to the U.S. Dollar. Apparently this subpoena was actually issued on December 6th, but we're just hearing about it today.
This news has caused a lot of panic, as speculation has been building for months that Tether may be a house of cards waiting to fall.
How concerned about this should we be?
Poker pro Doug Polk offers his input.
He also refers to the cryptocurrency Litecoin as "beautiful".
"I have decided to sell all of mine because its potential is uncapped," he says. "Litecoin can be worth a million dollars one day."
