Altcoins News
By Dan Saada
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John Griffin and Amin Shams, Finance Professors at the University of Texas and Ohio State University, stated that the price of the Bitcoin between March 2017 and March 2018 was…
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Just like several researchers, the due wanted to think back. In their recent paper, they wrote, "This one large player or entity either exhibited clairvoyant market timing…
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They are not the first to comment about the whale manipulation. Tether responded immediately and called the paper from Griffin and Shams as that is weakened and flawed.
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Tether also stated that the conclusions were based on incomplete data sets. The authors openly admitting that they are not having accurate data about the timing of the flow…
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The Griffin's attempt has been called a "False Bravado.” Tether states that their community and affiliates do not use Tether tokens to manipulate the cryptocurrency market.
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Anyone and everyone can influence the price of cryptocurrencies. However, the scale at which the impact will be known to all is a different matter.
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The USDT tokens are fully backed according to Tether. This claim, however, is intriguing. The details of the actual cash holdings have not been declared as of yet.
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Tether has meanwhile declared their support for Peter McCormack in a lawsuit versus Craig Wright, self-proclaimed Bitcoin (BTC) creator.
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Stuart Hoegner stated on November 08, 2019, “Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so.”
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Ranking fifth in the cryptocurrency market, the market capitalization is currently at $4,114,863,720 USD. The 24 hour volume is recorded at $25,077,101,538 USD.
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Tether was created to serve the purpose of being a stable dollar substitute known as “stable coins.”
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