Bitfinex Sparks Controversy Allegedly Manipulating $20,000 Bitcoin Price High

Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale. …

Bitfinex Swears It’s Trying Super Hard to Block US Bitcoin Traders

Beset with allegations that it is flouting regulations by allowing US bitcoin traders to access its platform, cryptocurrency exchange giant Bitfinex promised that it’s trying super hard to stop that from happening. Bitfinex Admits US Resident Traded on Its Bitcoin Exchange A New York resident was able to create an account on Bitfinex called “ImaNYresident” despite …

Wall Street Bitcoin Traders DGAF About Tether’s Massive Scandal

By CCN: Wall Street bitcoin traders clearly DGAF about the Tether/Bitfinex scandal. As crypto investment firm HASH CIB noted on Twitter, institutional traders were more bullish than ever last week, with no short positions taken on bitcoin in CME’s BTC futures market. Wall Street Drops its Bitcoin Shorts 10/Last week Institutional Investors went all in on …

Tether Market Cap Now Sub-$2 Billion as Coinbase Joins Stablecoin Sprint

Tether (USDT), the controversial USD-backed cryptocurrency that has long been the most popular “stablecoin,” continues to shed market share in the wake of its descent below dollar parity. Tether Market Cap Drops to January Low The tether token, which as recently as Oct. 9 had a market cap of $2.8 billion, now has a total …