Post
Topic
Board Economics
Re: Is it possible for someone to manipulate the virtual currency market?
by
Bestfriendko
on 03/03/2018, 14:46:35 UTC
Someone or something?, very much possible. A new report from The New York Times this week suggests that Bitfinex, a virtual exchange, and its currency, Tether, have been helping to artificially prop up the value of bitcoin and other cryptocurrencies. A market analyst says that, "This absolutely reeks of price manipulation". Still, there’s almost certainly too much uncertainty at this point for the price to stabilize.