Did Tether (USDT) Really Manipulate the All-Time Price Highs of Bitcoin (BTC)?

did tether usdt really manipulate the all time price highs of bitcoin btc

Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational. CEO of Bitfinex, JL van der Velde, spoke out against the accusations last year in an emailed statement and said: “Bitfinex nor Tether is, or has…

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Bitcoin Hashrate Nears All-Time High Despite Market Skepticism

bitcoin hashrate nears all time high despite market skepticism

The Bitcoin hashrate is nearing its all-time high, despite market skepticism over Bitcoin’s popularity. The Bitcoin hashrate was at 31.6615 hash per second as of May 1st, 2018, according to data from BitInfoCharts. Not long ago, on April 20th, 2018, Bitcoin (BTC) achieved a hashrate of 32.1278 hash per second, which was the Bitcoin hashrate all-time high. The current hashrate isn’t far off from that high and may reach it once more in the coming days if the hashrate continues to grow as indicated by the chart. What does it mean for…

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Ripple Extends the Selloff, Down 66% from an All-Time High

ripple extends the selloff down 66 from an all time high

Ripple XRP extends the downward trend in Tuesday trade, dropping more than 29% following renewed concerns over the potential ban from South Korea and China. Ripple is the most widely traded cryptocurrency in South Korea. Thus, its price plunged more than the other largest digital currencies on South Korean concerns.  In Tuesday trade, bitcoin and ethereum dipped 15% and 14%, respectively. Ripple is amongst the biggest laggards in the last two weeks. After hitting an all-time high of $3.84 on Jan. 4, ripple lost almost 66% of its value in…

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