June 14, 2018

Tether Used to Manipulate Price of Bitcoin During 2017 Peak: New Study

Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on Bitcoin at pivotal moments, helping to drive the world’s first digital asset to a record price in December, according to research by a University of Texas professor known for flagging suspicious activity in the VIX benchmark.

 “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday. Read more + video.

Bloomberg

Related,
Much of bitcoin's 2017 boom was market manipulation, research says - CNBC
Bitfinex Tether Trading Identified as Source of Crypto Markets Price Manipulation - ICOexaminer

Bitcoin kan wel eens fors gemanipuleerd zijn met cryptomunt Tether, zeggen twee onderzoekers - Business Insider

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