RATE Group | Did A Manipulator Drive Bitcoin’s $20,000 Peak? Plus, Why Bitcoin Trumps Gold.
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Did A Manipulator Drive Bitcoin’s $20,000 Peak? Plus, Why Bitcoin Trumps Gold.

10 Nov Did A Manipulator Drive Bitcoin’s $20,000 Peak? Plus, Why Bitcoin Trumps Gold.

Posted at 20:34h in Bitcoin News by

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BITCOIN’S LONE WHALE?

Researchers have cast fresh doubt over whether bitcoin’s epic bull run happened organically, suggesting it may have been caused by a single, large player manipulating the bitcoin market.

According to a new report, an unidentified Bitfinex account used tether to manipulate the bitcoin price between March 2017 and March 2018 by creating unprecedented demand for the digital token. Over that period, the total market value of bitcoin soared from $16 billion to $326 billion.

MICROSOFT’S DIGITAL MINT

Microsoft is taking its secret platform for creating crypto tokens out for a test drive. The tech giant’s new crypto-assets mint lets enterprises design, issue and manage a wide range of digital assets. Several companies, including a video game outfit and a virtual reality…

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