Bitcoin's rise might be linked to price manipulation, study indicates

Posted On: Jun 13, 2018   |   Posted By: The Verge

Bitcoin's rise might be linked to price manipulation, study indicates

The rise of cryptocurrency prices last year, including bitcoin, ethereum, and altcoins, could have been largely caused by price manipulation, according to a paper published today by researchers at the University of Texas at Austin. The paper, co-authored by a finance professor who is known for catching fraud in financial markets, reveals several distinct patterns in trading that suggest several people or a person at the major cryptocurrency exchange Bitfinex inflated virtual coin prices.
The 66-page report states that Bitfinex might have used the virtual coin Tether, which it owns, to generate fake demand for bitcoin by buying up the virtual currency and keeping its price up while it sank at other exchanges. The paper found that the more...

Continue reading ...

 






The last Posts from The Verge



Asus' new Zephyrus S gaming laptop is its thinnest yet, but the trackpad is...

Asus' new Zephyrus S gaming laptop is its thinnest yet, but the trackpad is still in the wrong place

Today Asus is announcing the new Zephyrus S gaming laptop, and it comes as competitors like Razer and MSI are regularly putting out thinner laptops with even thinner bezels... Read more ...

Fortnite Challenge Guides : Search Where Stone Heads Are Looking, Rift...

Fortnite Challenge Guides : Search Where Stone Heads Are Looking, Rift Portals, And More

Season 5 of Fortnite: Battle Royale continues to roll on on PS4, Xbox One, PC, Nintendo Switch, and iOS. As with the seasons gone, the latest one brings with it a selection of... Read more ...

Review: Samsung Galaxy Note9

Review: Samsung Galaxy Note9

The Galaxy Note9 from Samsung is a powerful and impressive piece of hardware. This Android phone offers a massive screen, a giant battery, and a killer set of cameras. The... Read more ...

Microsoft Confirms That HALO: INFINITE Is HALO 6

Microsoft Confirms That HALO: INFINITE Is HALO 6

Microsoft has been adamant for years that they wanted to drop the numbered label in Halo games. However, a few fans were still confused when the publisher revealed Halo... Read more ...

Robot cars start delivering groceries in Arizona

Robot cars start delivering groceries in Arizona

Grocery giant Kroger and autonomous vehicle startup Nuro launched their driverless delivery service Thursday in Scottsdale, Arizona. It is the first market for the two... Read more ...

Huawei confirms 7nm Kirin 980 SoC will power the Mate 20

Huawei confirms 7nm Kirin 980 SoC will power the Mate 20

Chip will be 40 per cent more power efficient than its 10nm counterpart Read more ...

Take a hike, purple, blue is the best Note 9 color!

Take a hike, purple, blue is the best Note 9 color!

The Samsung Galaxy Note 9 has been announced with a grand total of 4 different color choices. The good ol', never-out-of-fashion black, Samsung's favorite blue, a Metallic... Read more ...

The brand new Roomba 850 just got its first big discount on Amazon, today only

The brand new Roomba 850 just got its first big discount on Amazon, today only

The Roomba 850 Robotic Vacuum is iRobot's hottest new robotic vacuum cleaner. And just like most other Roomba models, it's very expensive. You get what you pay for with... Read more ...

Sony's PSVR still going strong as sales hit 3 million

Sony's PSVR still going strong as sales hit 3 million

Sony announced that it has sold 3 million PlayStation VR headsets as of the end of July, showing that its popularity has declined little since the fall 2016 launch. At the end... Read more ...

Little Nightmares has sold over 1 million copies worldwide

Little Nightmares has sold over 1 million copies worldwide

That figure includes physical and digital sales across PS4, PC, Xbox One, and Nintendo Switch, and comes around 18 months after the game launched. ... Read more ...