• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    best crypto airdrops

    List of the Best Crypto Airdrops for July 2022

    How to Withdraw Money from Crypto.com

    How to Withdraw Money from Crypto.com

    4x.fm

    4x.fm Launches a New Copy Trader Technology

    best mining motherboard

    Best Mining Motherboard for Cryptocurrency in 2022

    Where to Buy Evergrow Coin

    Where to Buy EverGrow Coin – A Complete Beginners Guide

    how to buy safemoon on bitmart

    How to Buy Safemoon on Bitmart – A Complete Beginners Guide

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Bitfinex Petitioner Remains Adamant Despite Court’s Request

Tony P. by Tony P.
December 4, 2019
in Latest News

The complainant who took Bitfinex crypto exchange platform to court for manipulating Bitcoin prices has renounced claims to modify their original complaints despite a court request to do so.

This development comes shortly after Tether and Bitfinex lawyers asked the court to terminate the case because it was “a frivolous Lawsuit.” When filing the petition, the plaintiffs based their complaints on allegations contained in a report that had been prepared and published by Two American researchers Amin Shams, who is an assistant professor at Ohio State University and John Griffin, a professor at the University of Texas. The two researchers had purported that USDT tokens were in 2017 used in the Bitfinex exchange to manipulate Bitcoin price.

Bitfinex, Tether Termed the Report Bogus

Both Tether and Bitfinex came out guns blazing to refute the claims. They went as far as terming it flawed and claimed that it been prepared using crooked data.

In its most recent filing, the complainants went ahead to point out:

“First, the study still concludes that USDT was being used to manipulate bitcoin prices. But importantly, the updates go further than the original study in connecting the manipulation to a single entity, concluding that ‘one large player on Bitfinex uses [USDT] to purchase large amounts of Bitcoin when prices are falling and following the printing of [USDT].’”

What was in the Report?

It’s important to note that the study in question was accepted and published by the Journal of Finance. According to the plaintiff, there was a strong suggestion in this report that the executives at the exchange either facilitated the price manipulation or were well aware of the fact that it was taking place.

Professor Griffin, one of the researchers involved in its preparation, has gone on the public record and informed the Wall Street Journal that if the exchange was not behind the manipulation, then it was someone that they often transact with, the complainant added.

In their recent update to their original paper, the researchers went ahead to claim that the price manipulation that occurred at the time had been caused by a single Bitcoin whale.

Featured Image Source: Bitcoin News

 

Tags: BitcoinbitfinexTether
Previous Post

Danish Court Authorizes Nordea Bank to Ban Employees from Using Crypto

Next Post

BIS: Private Cryptocurrencies Should Not Replace Central Banks

Tony P.

Tony P.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

What Is “Play-to-Earn” Gaming?

by Hellen
May 19, 2022

To think about all the ways that life has changed over the last twenty years thanks to the unprecedented rise...

health blockchain

Patient Data-Ownership Movement Launched

by Hellen
April 15, 2021

EHR Data has been hard at work for the past couple of years in developing a global healthcare database on...

Froge Coin

FROGE Coin Is Now Live – Get It While It’s Fresh

by Hellen
March 10, 2021

Today marks the launch of the biggest meme coin competitor- Froge Coin . The blockchain is an all-in-one cryptosystem that...

Wright

Craig Wright: Bitcoin Is Not Anti-bank

by Hellen
March 8, 2021

Bitcoin creator and nChain chief scientist Dr. Craig S. Wright, explains in detail the Bitcoin white paper he wrote in...

teenager

In One Day A 15 Years Old Teenager Earned 0.7 BTC!

by Hellen
May 14, 2020

In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is...

Polehin

Polehin.com: The First Cryptowallet Available on Apple Watch

by Hellen
March 17, 2020

There are a myriad of Bitcoin wallets on the market, so the competition is harsh. The quickly developing Polehin.com app,...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

best crypto airdrops

List of the Best Crypto Airdrops for July 2022

July 1, 2022
How to Withdraw Money from Crypto.com

How to Withdraw Money from Crypto.com

June 29, 2022
4x.fm

4x.fm Launches a New Copy Trader Technology

June 27, 2022
best mining motherboard

Best Mining Motherboard for Cryptocurrency in 2022

June 27, 2022
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.