Mainstream Media FUD Strikes Again, US CFTC Subpoena sent December 2017

The crypto markets are again red this morning as mainstream media FUD strikes again.

News published by Bloomberg today (and quickly propagated by news aggregate sources) that the US Commodity Futures Trading Commission (CFTC) has sent subpoenas last week to Bitfinex and Tether.

This caused the markets to plunge, sending BTC back below $10000 USD.

However, shortly after publication news came out via NYT writer @nathanielpopper that the subpoena was actually sent almost 2 months ago on  December 6th 2017.

Bloomberg news then went back and edited their original article without posting an update, see below.

Regardless of the timing of the subpoena, the market is clearly nervous regarding the Bitfinex/Tether situation and it seems likely that an audit will occur eventually. Whether this is another short term dip like earlier in January or  not, only time will tell.

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