Much of bitcoin's 2017 boom was market manipulation, researcher says

Much of bitcoin's 2017 boom was market manipulation, researcher says

7 years ago
Anonymous $roN-uuAfLt

https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html

Bitcoin's epic rise last year may have been more than investor fervor. New research published Wednesday shows that at least half of the jump in bitcoin was due to coordinated price manipulation.

University of Texas finance professor John Griffin, who has a 10-year track record of spotting financial fraud, alongside graduate student Amin Shams examined millions of transactions on cryptocurrency exchange Bitfinex. In a 66-page paper, the authors found patterns suggesting certain people propped up bitcoin prices through another digital currency called tether.

Much of bitcoin's 2017 boom was market manipulation, researcher says

Jun 13, 2018, 3:16pm UTC
https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html > Bitcoin's epic rise last year may have been more than investor fervor. New research published Wednesday shows that at least half of the jump in bitcoin was due to coordinated price manipulation. > University of Texas finance professor John Griffin, who has a 10-year track record of spotting financial fraud, alongside graduate student Amin Shams examined millions of transactions on cryptocurrency exchange Bitfinex. In a 66-page paper, the authors found patterns suggesting certain people propped up bitcoin prices through another digital currency called tether.