Categories: NewsBitcoinAltcoinsCrime

University Study Concludes Tether Manipulated Cryptocurrency Prices

A research study by a finance professor at the University of Texas John Griffin and co-author, graduate student Amin Shams, cleverly titled “Bitcoin Really Un-Tethered?” reveals the pioneer cryptocurrency’s price was artificially propped up at its peak in 2017 when it hit a record high of almost 20,000 USD.

The authors suggest covert activities may have been used to inflate the price of not only bitcoin but also some other popular cryptocurrencies at their highest point in 2017.

Published on June 13, 2018, the paper questions how much of bitcoin’s triumph in 2017 pertained to secret practices of significant stakeholders, popularly known as “whales.”

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