Bitcoin Is Being Manipulated, Says New Study from University of Texas

[kreslik.news]

An academic paper has reached the conclusion that Bitcoin has been subject to price manipulation over the past year, according to the New York Times.

The paper, entitled “Is Bitcoin Really Un-Tethered?”, was written by John M. Griffin and Amin Shams. The former is a professor of finance at the University of Texas, and the latter is a Ph.D candidate at the same institution.

[url=https://www.etoro.com/markets/btc?utm_medium=Media&utm_medium=Media&utm_source=50140&utm_source=50140&utm_content=0&utm_content=0&utm_serial=btvsbtc060618&utm_serial=&utm_campaign=btvsbtc060618&utm_campaign=&utm_term=&utm_term=]Time to buy the dip?[/url]

The document is 66 pages long examines a hypothesis that cryptocurrency prices are being manipulated with the dollar-backed token Tether. It concludes that Tether is purchased in large amounts during market ... (read more)