Research: Tether, Bitfinex ‘Manipulation’ Reason Behind 2017 Bitcoin Price Highs

Cointelegraph

Published Jun 13, 2018 09:37AM ET

Updated Jun 13, 2018 10:42AM ET

Research: Tether, Bitfinex ‘Manipulation’ Reason Behind 2017 Bitcoin Price Highs

Tether (USDT) has once again become the source of criticism after a new study blamed it for Bitcoin price manipulation in 2017, The New York Times reports Wednesday, June 13.

A paper released June 13 by John M. Griffin and Amin Shams of the University of Texas suggests that transaction patterns show Tether was “used to provide price support and manipulate cryptocurrency prices.”

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