reacted to media with this declaration:”Bitfinex nor Tether is, or has ever, taken part in any sort of market or rate control. Tether issuances can not be used to prop up the rate of Bitcoin or other coin/token on Bitfinex.”As the University of Texas research study shows, this is unlikely. While it is possible that an unknown agent opted to use the issue of Tether as a smokescreen to
bid the major cryptos, the statistically substantial connection in between Tether issuance last year and Bitcoin rate surges suggests some connection between the two.Opaque Market Sadly for Jan Ludovicus van der Velde and the Tether team, their decision to desert an audit of their accounts
makes these allegations all the more damaging. They have actually hesitated to enable third-party auditors to look into their capital structure and have likewise neglected a subpoena from the CFTC.The reality that the company of a significant token is likewise (sort of) linked to a big crypto exchange seems like a prospective dispute of interest, and without any sort of independent questions into what is taking place at Tether and Bitfinex, these sorts of rumors and
accusations are likely to continue.The post New University Research Study Recommends Tether Manipulated Bitcoin To Record Highs appeared initially on Crypto Disrupt.