Bitfinex and Tether rocked the cryptocurrency market in 2017
John Griffin and Amin Chance tweeted their thoughts on who is behind the sharp jump in bitcoin prices in 2017. It's about a large investor. According to two researchers, Tether and Bitfinex are involved in this.
Two professors analyzed the BTC and USDT transactions that were made on the network from March 1, 2017 to March 31, 2018. It turned out that a major investor was buying Bitcoin on Bitfinex after each additional issue of USDT.
Tether denies involvement in the manipulation. The lawyers of the company say that the results of the analysis are incorrect. Researchers are poorly versed in cryptocurrencies and may not be competent.
Perhaps this affected yesterday's cryptocurrency indicators. We published news about this.
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