Bitcoin Watch – Research paper suggests Bitcoin’s is artificially inflated

13 June, 2018

“A concentrated campaign of price manipulation” may have accounted for at least half of the increase in the price of Bitcoin says a new research paper released from the University of Texas. The New York Times is reporting that the researchers have identified Bitcoin’s skyrocketing gains in 2017 were caused by “the covert actions of a few big players, rather than real demand from investors”. According to the report, the flow of digital tokens going in and out of Bitfinex, one of the largest and least regulated exchanges in the industry, followed several distinct patterns that suggest that someone or some people at the exchange successfully worked to push up prices when they sagged at other exchanges. You can read the full paper at the following link: Is Bitcoin Really Un-Tethered?

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