The bitcoin boom in 2017 was sparked
Table of contents:
At the end of 2017 we found the most critical moment of Bitcoin on the market. The quintessential cryptocurrency was skyrocketing at all-time highs, which have never been reached again. Although several researchers believe that this moment was not real, but that this boom that the currency had in its day was caused. They also demonstrate it.
Bitcoin boom in 2017 was sparked
In this case it is commented that it would be a manipulation in the negotiation. It is believed that using the Tether cryptocurrency it was possible to inflate the price of the popular cryptocurrency following market recessions.
Manipulation in its value
This time it is revealed that Bitfinex, a well-known Hong Kong-based cryptocurrency exchange site, raised the price of Bitcoin when it fell below certain thresholds. They did this using Tether, which is a currency with a counterpart of fiat money, deposited in reserves. This allows its price to be more or less stable, compared to others.
The theory is that new dollarless Tethers were created to back them up. They are then used to buy the cryptocurrency, causing its price to rise. Therefore, it is believed that in this way the price could be inflated significantly.
Tether has denied these allegations, although it is not the first time that something like this has been commented. There have always been doubts about Bitcoin's rise in late 2017, which caught many by surprise. So it wouldn't be weird if this had been something that happened. There may be more data to confirm these theories soon.
Bitcoin breaks in two and bitcoin cash is born
Bitcoin is split in two and Bitcoin Cash is born. Find out more about Bitcoin's decision that has generated much more uncertainty.
Nvidia confirms that the mining boom has ended
Colette Kress, chief financial officer at NVIDIA, talked a bit about GeForce card supply and cryptocurrency. He says supply was limited in the first quarter, but the situation is improving and it should be easier to get GTX 10 cards at a reasonable price.
Amd's shares soar as they forecast the 7nm boom
AMD has seen its shares skyrocket after an analyst issued a buy rating on the shares.
