2018-8-30 15:00 |
Over the past few months, the movement of Tether tokens (USDT) has been accused of being able to manipulate the price of Bitcoin. It’s a complicated concept, but many believe that using Tether to back FIAT currencies is having an impact on the price of Bitcoin.
This is alleged to be happening in waves, as those that maintain Tether produce new tokens in order to keep up with the flow of it’s FIAT connections.
This idea materialised a couple of months ago, when a research paper from the University of Texas was published which refers to the timings of Tether movements and changes in the price of Bitcoin.
Continue reading Why Tether Probably Isn’t Manipulating The Price Of BTC at Crypto Daily™.
.Similar to Notcoin - Blum - Airdrops In 2024