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The original article is a joke. Large buy orders will obviously increase the price, and to describe this as manipulation is completely misleading. There's also
by gtlondon 8y ago
The original article is a joke. Large buy orders will obviously increase the price, and to describe this as manipulation is completely misleading.
There's also zero evidence that Tethers are a scam. I'm pretty sure it would have been discovered by now, and also unlikely that Circle would pay $400m for an Exchange whose main currency is USDT if that was the case.
Both NYT and Bloomberg seem to love an inaccurate Crypto article, seems like their editorial standards are non-existent in this sector. Sure that will change once they have bought in.
- the_mitsuhiko 8y agoThere is also zero evidence that it’s not a scam.
- gtlondon 8y agoThis conversation is 6 months old though. Quite suspicious the New York Times have come to this incredible revelation now, yet didn’t mention it in Nov 2017 when it was actually a hot topic. I must admit I find most crypto journalism hard to agree with. Hopefully that will change.
- byset 8y agoWell, they're reporting on the recent release of a notable paper written by an academic who has a reputation for "uncovering fraud in financial markets," at least that's what the article says. Presumably that paper was released today or this week or something. I'm not arguing that the paper is or isn't actually worthy of having this NYT article written about it, but what is your suspicion regarding the timing, exactly?