Bitcoin surge in 2017 was a Tether game

in #bitcoin6 years ago (edited)

An American University claims that the bitcoin surge in 2017 was an act of manipulation and was created artificially by using Tether. A detailed report on this matter is actually published by a student and a finance professor at Texas University.
bitcoin surge.jpg
The claims directly mention Bitfinex, a cryptocurrency exchange and creator of Tether. There are nearly two and a half Tether coins in circulation now. The value of Tether is meant to mirror US dollar in the cryptocurrency world and to provide security benefits to volatile digital currency. Meanwhile, the allegations are denied by Bitfinex.

Sort:  

@digbit, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

Please also take a moment to read this post regarding bad behavior on Steemit.

Thank you for upvoting. I have followed you

I do not know anything about writing blog posts. I am a first timer, a beginner. Create a post for new joiners on "How to create a good Steemit post". There you can mention avoiding spam. This will help a lot i guess.

Congratulations @digbit! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Thanks a lot steemitboard.

Cool, thanks for sharing.

I have followed you too. I do not about writing the blog posts. Thank you for replying sir

hi digbit i upvote on your first post please give me a follow and i will give a follow in return

Thank you, sir. I have followed you too.