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Bitcoin enjoys surge because of the legal problems faced by Tether and Bitfinex

At the time of writing this article Bitcoin (BTC) was trading at $10,635.7 against the United States dollar (USD). The market cap of the coin was $189.6 7 billion United States dollars (USD) and the market supply of the coin was 70.8 million.

The Bitcoin (BTC) buyers and traders believe that it is a good time to buy Bitcoin. Surprisingly, this has nothing to do with bitcoin (BTC) directly rather, this is because of the legal troubles in which Bitfinex and tether are involved. The New York Supreme Court ruled that the trouble for bitfinex and tether are not going away in the short run and there will be a prolonged difficulty for them. THE of Supreme Court OF New York gave IN to the demands of the Attorney General investigation, who said that the investigation needed more documents from Bitfinex and Tether. the supreme court of New York keeping in view the demands of the Attorney General and believing that investigation was too broad and needed time allowed The Attorney general to continue with his demands.

On the other hand, bitfinex and tether claimed that they had put in too much money and they were also trying hard to provide all the needed documents in the case but the court Supreme Court put aside all these claims and give its ruling in favor of the Attorney General.

The Crypto traders and the entire crypto community are happy with the decision of the Supreme Court of New York because that believe that bitfinex deserves what it got. Neither Bitfinex nor Tether has put out any official statement regarding the ruling of the Supreme Court of New York.



This post first appeared on Coin Market, please read the originial post: here

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Bitcoin enjoys surge because of the legal problems faced by Tether and Bitfinex

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