The December growth of the military-technical cooperation was an ordinary pump
Posted On March 23, 2021
Rules of Engagement for Non-Military Conflict
Some analysts believe Bitcoin’s explosive growth in December 2017 is the result of manipulation and pumping with Tether..
Researchers, using a number of algorithms to analyze and process blockchain data, have found a correlation between the timing of USDT purchases after market downturns and a significant increase in the MTC rate. The text of the document says that the organizers initially transferred Tether to Bitfinex, and then quickly moved the cryptocurrency to other exchanges in order to buy Bitcoin as soon as its value began to decline..
According to analysts, it took a lot of USDT to maintain the rate, as even using 1% for tokens to quickly buy coins had a significant impact. With a sufficient supply of bitcoins, such an operation turned out to be highly profitable. So far, the results of the study are being actively discussed, and some even believe that Bitfinex itself may be involved in the manipulation..
Recall that Bitmain will give $ 400 million in investments.