Research: A paper released by professor John Griffin at the University of Texas and Amin Shams, a graduate student, revealed that Tether (USDT), a digital currency that prides itself as a stable coin in the crypto market, has some transaction patterns that “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” Bloomberg reports Wednesday June 13.

The researchers claim that Tether and Bitfinex were both responsible for the increase in the price of Bitcoin in December last year when the value of the digital currency surged to almost

This post is an exerpt of an original post published on Bitcoinchannel. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.

South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with...

JP Morgan, Goldman Sachs, Nyca Partners, and Others Lead Axoni’s $32 Million Series B...

Axoni, the US-based blockchain software developer which targets capital markets with DLT solutions, has announced the completion of its Series B financing round. Enterprise...

JSEcoin Now With Official Mobile Android Wallet and Mining App

The JSEcoin project has just released their official mobile application on the Google Play Store and you can download it and give it a...

Majority of The Digital Currencies Are Facing Existential Crisis While Bitcoin Topples Gold in...

Xapo President Ted Rogers recently said that 90% of the digital currencies in the cryptocurrency market are poised to get wiped out while predicting...

Venezuela Looking to Launch a Central Bank for Cryptocurrencies

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution...

Why NULS Blockchain is the One to Watch

On September 4, 2017, after several warning noises, the Chinese authorities banned all Initial Coin Offerings (ICOs) and ordered all mainland cryptocurrency exchanges to...
loading...