Community Rejects Bitcoin Manipulation Study, Bitcoin in Slight Recovery
Posted: Wed Jun 13, 2018 1:02 pm
Yesterday, wereported on a study published by economics professor John M. Griffin in which he claimed that the price of Bitcoin was routinely manipulated last year by way of Tether (USDT), a cryptocurrency supposedly tied to the US dollar.
The study also implicated Bitfinex, a major cryptocurrency exchange, by pointing out that this is the main conduit for USDT. Bitfinex shares much of its management team with Tether. Bitfinex CEO JL van der Velde unequivocally denied the supposition in an statement emailed to Bloomberg.
[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 study was originally covered by the ... (read more)