Bitfinex - Tether - Bitcoin Rise Issue. Is the whole cryptocurrency world in danger? (UPDATE!)

Hi everybody!

I'd like to share my thoughts with you guys, in order to get into this issue better, specially cause many of you probably know more than me about this issue. So i decided to start my talk here with a heavy topic...

We know that Bitfinex is one of the most important and utilized exchange platform. It's located in Hong Kong, which is basically "Neverland" in terms of jurisdiction (many businesses are located there to avoid higher taxation and many company laws in force in other countries, China i.e.). We also know that Bitfinex works with the Tether Bank, the only "bank" which issues the USDT cryptocurrency, a not decentralized currency! We know also that Bitfinex owns the monopoly on the USD/USDT market, so it represents the only bridge between the fiat (USD) and the crypto (USDT).
We also know that Bitfinex, till a month ago (basically before this last btc boom, spread all over the world, also because the media started to talk about it every day) owned almost 10% of the market quota of btc trading (relative majority). I want to share a few facts and pov's with ya'll and try to discuss with you about this specific topic, and try to stimulate your minds in order to know your point of view also in general about what's happening and what happened so far.
So let's analyse more widely this topic:

Is the Tether bank indipendent from Bitfinex? There's a study published on many websites which basically explains how Bitfinex owns at least the 60% of the Tether bank (so it got the complete control on it).
SOURCE:

Is Bitfinex able to manipulate the price of BTC? Of course its market quota was very high, now it's the 7.5% (third, after Bitmex and Bithumb). But till 1 month ago, when it used to own the relative majority, many people published evidences (suspicious movements on the market) which could prove how some whales were practicing WASH TRADING on Bitfinex.
What is wash trading? It happens when one investor (or more than one by mutually agreement) simultaneously sells and buys the same financial instruments to artificially increase trading volume, and induce other investors to buy it as the volume jumps up.
If you watch the videos, you can notice how they could have done it, with small similar amounts of money but with fast and multiple operations.
SOURCE:
https://www.youtube.com/watch?time_continue=9&v=Iz0M1pcTxZQ

Is USDT amount in circulation covered by the same amount of USD? That's a nice question. As we know on April 2017 Taiwanes banks, in which Usd deposits (USDT covers) were lying, quitted their partership with Bitfinex. Since that day usdt holders don't know where their USD deposits were moved to, and they still don't know it. During those days the price of USDT dropped from 1 usd to 0.90 usd (-10%!!) even if Tether should be strongly bond to the usd. At the same time many people tried to claim their usd but Bitfinex didn't allow to do it.
SOURCE:

https://www.cryptocoinsnews.com/bitfinex-stops-accepting-fiat-deposits/ https://coinmarketcap.com/currencies/tether/

Is BTC overvalued right now? After this last boom, caused mainly by the chain reaction of people who discovered this market lately by the news bounced all over the world regarding the 10k hit, btc reached higher values and increased substantially its 24h volume and its market cap of course . You probably noticed that media started to give btc news in the finance section (both tv news and papers). I guess we can claim that Btc now is worldwide known. Is it a bubble? Yes, no, maybe, it depends. There are plenty of opinions about it, and at the end of the day it depends on the confidence of each btc owner. What we can say is that Btc is the oldest crypto ever created and it's also one of the slowest cause its blockchain is really "old-fashioned". Below you can find a network comparison with other cryptos:

A Btc breakdown can affect the whole market? Another nice question. Right now the btc owns the majority quota of the whole crypto market (60%). So far we know that almost every btc drop caused a general drop on the alts. Nobody knows what will happen in the future, we can assume, forcast, and say whatever we want, but we'd be too arrogant being sure about the future.

SOURCE: Check any trading platform or Coinmarketcap to analyse the graphs and see how alts are correlated to BTC. For people who knows statistics and are able to use softwares like R, Mathlab...you can calculate the correlation index between each crypto if you want (as many other indexes). For those who cannot, just check the graphs and get your own conclusions about the various trends.

This is just a panoramic view that I wanted to share with you, I'd really like to know what you all think about this. We can learn a lot from each other, and Steemit allows us to do it. I've been trying to be the more neutral as I could. Hope you enjoyed this train of thoughts and facts. Let me know what you think guys!

UPDATE! ReAd this article published today on Contelegraph regarding the pump on the BTC price!
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

Peace!