There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the controversial stablecoin may be more […]
Crypto exchange Bitfinex’s chief strategy officer Phil Potter is leaving the firm, Reuters reported Friday.
Tether has been under intense scrutiny recently after a study alleged that Tether was responsible for manipulating Bitcoin’s price during the rally to USD 20,000, and that Tether was possibly adding new coins into circulation with the purpose of pumping up Bitcoin’s price without backing them with USD, which would effectively be money printing. The […]
A Washington-based law firm said today that the cryptocurrency Tether (USDT), which as its name suggests is pegged to the value of the U.S. dollar, holds enough U.S. dollar reserves to back all of its coins in circulation. The news couldn’t come at a better time. Just last week a University of Texas research paper… […]
Two of Tether’s bank accounts have enough USD to back its token issuance, says a law firm founded by a former FBI director
Tether has finally produced a third-party report proclaiming that its cryptocurrency, USDT, is fully backed by U.S. dollars – with some big caveats.
Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether Controversy Continues Most cryptocurrency enthusiasts […]
A study published earlier this week by economics professor John M Griffin concluding that the value of Bitcoin has been manipulated via Tether (USDT) has been rejected by portions of the cryptocurrency community, with the criticism that it had clearly not been peer-reviewed. Findings of the study Griffin claims in his research that Bitcoin has been […]
New research out of the University of Texas alleges that the price of Bitcoin throughout its bull run in 2017 was being manipulated using Bitfinex’s Tether currency. Tether May Have Been Used to Prop Up Bitcoin A recently published paper by Professor John Griffin and graduate student Amin Shams examined the traffic of cryptocurrencies on… […]
Extant suspicions Tether “manipulated” Bitcoin prices have been joined by new research, The New York Times reports
Switzerland’s progressive blockchain center in Zug is going to conduct the first blockchain-based test vote later this month, reports Coinspeaker. In 2016, Zug was the first city in the world to accept Bitcoin (BTC) as payment for certain municipality services, and also established ‘Crypto Valley’, a not-for-profit association supporting the development of blockchain and cryptography-related […]
Exchanges are an important cog in the machine that is cryptocurrency. Despite their centralized nature, consumers and speculators rely heavily on these platforms on a daily basis. For Bitfinex users, there was a slight scare on Tuesday when trading was halted for a short while. Another Issue for Bitfinex Although cryptocurrency exchanges have seen their fair […]
Bitfinex announced that it has resumed its trading services after containing a distributed denial of service (DDoS) attack on Tuesday, June 5. The exchange first suffered issues with its trading engine which caused it to go offline briefly, and after fixing the issue, it was operational again. However, after less than an hour of activity, […]
At press time, the father of cryptocurrency is trading for just over $7,500. This is a $100 spike from yesterday’s dreary $7,400, which bitcoin had previously fallen to from $7,600. It appears the currency is experiencing solid resistance at this mark, and how long it will stay there is difficult to predict. The price drop […]
The US CFTC has rejected a request for releasing the subpoenas allegedly sent to crypto exchange Bitfinex and token issuer Tether last December