Home » General World News » Bitcoin is slipping after study claims its 2017 bull run was driven by market manipulation

Bitcoin is slipping after study claims its 2017 bull run was driven by market manipulation





bitcoin

  • Bitcoin fell 2% on Wednesday after a new academic paper was published claiming bitcoin’s price run to December last year was driven by manipulation.
  • The University of Texas paper alleges that exchange Bitfinex may have used Tether, a cryptocurrency it is closely linked to, to support the price.
  • Bitfinex’s CEO told BI: “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex.”

The price of bitcoin fell against the dollar on Wednesday after an academic paper claimed the cryptocurrency’s read more >>>

Source:: BusinessInsider.Com

Comments are closed.