Tether Holdings deactivates 29 major cryptocurrency firm accounts, including MoonPay, BlockFi, CMS Holdings, and Galois Capital, without disclosing explicit reasons. The NYAG investigation reveals this, sparking concerns about transparency and communication in the growing crypto space.
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Tether Deactivates 29 Top Accounts: Compliance or Centralization Concerns?
Tether reportedly deactivated 29 accounts belonging to top cryptocurrency market players two years ago, including MoonPay, BlockFi, and Galois Capital. Despite passing compliance checks, reasons for the deactivations remain unclear, raising questions about stablecoin issuers’ centralization levels.
Crypto Hedge Funds vs Bitcoin: A Comparative Analysis of Returns & Future Survival
“A Spartan ‘buy-and-hold’ approach to bitcoin would have delivered 83% returns for investors in H1 2023, outperforming the average 15% yield from crypto hedge funds, according to 21e6 Capital. The underperformance of professional crypto funds is attributed to larger cash positions for risk mitigation that slow reaction times, and poor altcoin performances.”