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3 h
Crypto critic claims EOS & Tether have same founders

Bitfinex’ed, a vocal crypto critic, recently made some controversial claims. Bitfinex’ed tweeted that EOS conducted its initial coin offering (ICO) to bail out Tether, adding that EOS and USDT have the same founders.

Earlier this year, concerns were raised over the fact that Tether and crypto exchange Bitfinex have the same founders. The latest claim by Bitfinex’ed would mean that EOS and Block.one are all tied to the alleged Tether scam. Surprisingly, these claims surfaced amid the news of certain executives leaving Block.one. The news came as a shock to many as Block.one completed $4 billion ICO just recently – the largest crowdfunding event involving the sale of a new cryptocurrency. $1 billion out of the $4 billion raised was reserved for the development of EOS. The news of the departure of the executives was quickly countered with criticism from the crypto community. One of the critics wrote on Twitter, “They raised $4 billion dollars, put out a shit open source protocol and then all the execs left 1 month after main net launch to start another company that is now in stealth.” This post was then retweeted by Bitfinex’ed, who claimed that there was a major connection between the cryptocurrency companies, and added that EOS had conducted its crowdsale just to bail USDT out. However, it is important to note that no connection between EOS and Tether has been established yet. The only thing that’s confirmed is a clear connection between Bitfinex and Tether. See also: Study on the ‘impact of Tether (USDT) grants on Bitcoin’ finds “no evidence” of price manipulation Digifinex ousts Tether [USDT], lists TrueUSD [TUSD] Image via Shutterstock Join our telegram group

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14 h
Is Bitcoin Really Un-Tethered? Yes, Says University Researcher

The Money Makers Club now has 6 of 15 available seats. Learn more here! The debate surrounding Tether’s (USDT) effect on the price of Bitcoin has been around since the start of the year when Tether Limited was subpoenaed by the U.S Commodity Futures Trading Commision. A short while later this anonymous report was published […]

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18 h
University Researcher: Tether Not Responsible For Bitcoin Price Levels

A Queensland Univerity professor has attempted to debunk the theory which accused stablecoin Tether issuance model of manipulating the Bitcoin value. A Queensland Univerity professor has attempted to debunk the theory which accused stablecoin Tether issuance model of manipulating the Bitcoin value.

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1 d
New Study Argues Tether Wasn’t Used to Prop Up Bitcoin Price

Following an earlier report by researchers from the University of Texas alleging that stablecoin Tether (USDT) issues new tokens to manipulate the bitcoin price, a new report has emerged debunking this theory. Written by Dr. Wang Chun Wei of the University of Queensland Business School, the report states that, contrary to the conclusion of the …

1 d
New Study Argues Tether Wasn’t Used to Prop Up Bitcoin Price

In fact, Dr. Wei’s report suggests that Tether does not have the market heft required to shift the price of bitcoin one way or the other.

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Bitcoin: Alter Tether-Report bringt frischen Wind im Manipulationsskandal

Ein monatealtes Paper, das nun „hochgespült“ wurde, entlastet den Stable Coin Tether hinsichtlich der Bitcoin-Manipulationsvorwürfe.

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1 d
CryptoDaily; Justin Sun, Mike Novogratz, UAE government, Coinbase, Bitcoin; September 24,2018

  BLOCKCHAIN NEWS   S&P Global Platts explores blockchain to improve commodity trading S&P Global Platts, the commodity price reporting agency, is exploring how blockchain can transform the commodities market. The company announced at the Annual Asia Pacific Petroleum Conference [APPEC] in Singapore that it will team up with Enterprise Singapore to digitize commodity markets. Read more Ben Strick traces Syrian Jihadis, South African kidnappers, scammers with blockchain Ben Strick, an open-source analyst and major blockchain enthusiast who uses blockchain in open-source financial investigations, was able to trace the “funding of a Syrian Jihadi cell, South African kidnappers, and an online scammer, all to one bitcoin address.” Strick believes that everyone should be aware of the methods that can be used to monitor crypto-crime. Read more Blockchain payment system introduced by the UAE governmentblockchain-powered payment system is currently in the works and will soon be introduced in the United Arab Emirates (UAE). This system is the product of the Dubai Department of Finance (DoF) and the Smart Dubai Office (SDO), as reported by local news site Zawya on Sunday.The platform, called “Payment Reconciliation and Settlement”, will be focused on integrating public service government entities such as the Dubai PoliceRoads and Transport Authority (RTA), Dubai Health Authority(DHA), among others. Read more CRYPTOCURRENCY NEWS Justin Sun: deploy dApps on TRON network instead of Ethereum; Vitalik Buterin remarks TRON founder Justin Sun has requested developers to stop deploying dApps to Ethereum and migrate to TRON network immediately.Justin Sun tweeted, “Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum.”The newly launched TRON Virtual Machine (TVM) is completely compatible with the Ethereum Virtual Machine and developers can shift to the TRON Network for almost free. Read more Coinbase, Caspian team up to boost institutional trading in crypto The cryptocurrency industry is calling out for more institutional investments, in hopes of wider adoption of digital currencies. These past few months have witnessed major financial players such as Citigroup and Morgan Stanley introduce crypto-related products and services. Some say these efforts are to tap into the nascent industry before it is too late. Moreover, most institutional investors are affected by ‘FOMO’, or the fear of missing out. In an effort to help these investors, Coinbase and Caspian are joining forces to help the increasing number of financial institutions looking to trade in cryptocurrencies, according to a Medium post. Read more Bitcoin scam: Indian authorities seize scammer’s assets worth around $60 million The Enforcement Directorate (ED), India’s economic intelligence agency, has reportedly seized assets worth close to $60 million in connection with its probe against Amit Bhardwaj in the alleged Bitcoin Ponzi fraud of $5.26 billion.According to a PTI report, the agency said that it had issued a provisional order for the attachment of properties under the Prevention of Money Laundering Act (PMLA). Read more Erik Voorhees laments ShapeShift’s ID Policy, calling it a ‘Proactive’ move Secrecy and intractability are some of the key features that make cryptocurrencies popular. Their adherents want to detach themselves from mainstream financial networks, where identity is public. Hence, it came as no surprise that crypto-traders were displeased when cryptocurrency exchange ShapeShift announced its controversial decision of requiring its customers to hone user identities. Read more Bitcoin to touch $10,000 by the end of 2018, says bullish Mike Novogratz While cryptocurrencies continue to take the downward slope in 2018 after witnessing the intoxicating highs of 2017, there are many in the crypto world who still believe that cryptocurrencies, especially Bitcoin will gain some late momentum by this year-end.Billionaire Mike Novogratz of Galaxy Investment Partners is one such person who believes that Bitcoin (BTC) will have a 30% rally by December 2018, which means the current price of $6,700 would jump to $8,700. Read more Study on the ‘impact of Tether (USDT) grants on Bitcoin’ finds “no evidence” of price manipulation To find out the suspected correlation between Tether (USDT) issuance and Bitcoin (BTC) price movement, Wang Chun Wei, a lecturer in finance at the University of Queensland Business School, conducted a study. The study published by the University of Queensland found that the issue of USDT tokens did not have a “statistically significant” effect on the price movement of BTC. Read more The Dirty Money quest: Bitcoin Tracker launched by LongHash LongHash, a blockchain accelerator and cryptoanalyst, recently launched their very own Bitcoin tracker. The objective of this tracker is to “offer more peace of mind to investors, regulators and the general public,” to find the exact source of the Bitcoin in question.“Cryptocurrencies can seem murky, Bitcoin transactions are pseudonymous, which makes them attractive to criminals,” compared to other financial services, argues Longhash. Read more Anonymous crypto-donations for Taiwanese political candidateTaipei politician was pleasantly surprised when he received donations for his political campaign in the form of cryptocurrency. In a historic first, Hsiao Hsin-Chen – a candidate for a position on the Taipei city council – opened up his campaign for donations from anyone, as reported by local media Taiwan News. Read more Sending cryptocurrency through radio waves is now possible with off-grid solar-powered system Many believe that cryptocurrency offers financial independence from banks and governments. However, one of the major issues is the dependence of blockchain on the power grid. Since blockchain cannot operate outside government infrastructure, how can it offer independence from the government? Moreover, how can one expect that crypto will replace cash if it cannot be used when the lights go out? Read more TronWatch Market: Tron Network to come up with a decentralized exchange Tron, a relatively young platform, aims to ‘decentralize the web’. So, it doesn’t come as a surprise that they want to create a decentralized exchange for TRX tokens. Tron launched their mainnet in June 2018 and just recently launched its fully functional Tron Virtual Machine. Read more UNICEF France to accept Bitcoin [BTC], Ethereum [ETH], XRP & other cryptos as donations UNICEF France recently announced that it now accepts donations in the form cryptos. The organization also mentioned a list of nine cryptocurrencies which can be used to make a donation. The list includes Bitcoin [BTC], Ethereum [ETH], Ripple’s XRP, Bitcoin Cash [BCH], EOS [EOS], Stellar Lumens [XLM], Litecoin [LTC], Dash [DASH] and Monero [XMR]. Read more Dash partners with cryptocurrency exchange Bitbns, announces no-fee service Dash [DASH] recently announced that it was partnering with India-based cryptocurrency exchange Bitbns. Users will be able to transact the coin for no fees within a certain time period. Apart from this cryptocurrency, the trading platform had also recently deployed Tether [USDT] and Ethereum Classic [ETC] for trading. The main cryptocurrency markets trading on the platform include Bitcoin [BTC], Ethereum [ETH], Neo NEO] and Pundi X [NPXS]. Read more Image via Shutterstock Join Our Telegram Group

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2 d
Neue Studie: Bitcoin Preis doch nicht durch Tether manipuliert?

Ein Forscher der University of Queensland hat eine neue Untersuchung darüber veröffentlicht, inwiefern die Ausgabe von Tether den Bitcoin Preis manipuliert hat. Im Gegensatz zu früheren Studien kommt er überraschenderweise zu dem Schluss, das Tether nicht für den Bitcoin-Pump auf 20.000 US-Dollar verantwortlich war.

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2 d
Tether Has No Significant Impact on Bitcoin Price, New Study Suggests

USDT grants cause a brief increase in crypto trading volumes, but no substantial effect on BTC price movements, researchers note.

2 d
Tether Has No Significant Impact On Bitcoin Price, Study Reveals

Speculations surrounding the supposed influence of Tether in inflating the price of Bitcoin might have been put to rest by a recent academic study. Dr. Wang Chun Wei, an academician at the business school of the University of Queensland, Australia carried out the study and suggested that tether, the stablecoin tied to the US dollar,  has …

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Study on the impact of Tether (USDT) grants on Bitcoin finds “no evidence” of price manipulation

To find out the suspected correlation between Tether (USDT) issuance and Bitcoin (BTC) price movement, Wang Chun Wei, a lecturer in finance at the University of Queensland Business School, conducted a study. The study published by the University of Queensland found that the issue of USDT tokens did not have a “statistically significant” effect on the price movement of BTC. The study was carried out since in recent years, USDT issuances (or ‘grants’) have increased significantly, and have been correlated broadly with the rise in BTC valuation. In the paper, the impact of cryptocurrency grants on subsequent cryptocurrency returns was examined. Wang Chun Wei’s latest study, titled “The impact of Tether grants on Bitcoin”, refutes the correlation between price fluctuations and USDT grants. However, it does note that there’s a “positive relationship” between USDT issuance and “increased crypto-trading the following day”. “We construct a VAR model and show contrary to investor expectations, Tether issuances do not impact subsequent BTC returns, however, they do impact traded volumes. We also document an increase in USDT trading following a subsequent decrease in BTC returns,” the paper stated. The key assertions concluded by the study include, “It is unlikely that Tether manipulation caused the 2017 Bitcoin rally,” and “USDT grants did not Granger-cause BTC returns.” An autoregressive distributed lag (ADL) model was used to test “if Tether grants Granger-cause BTC returns,” finding “no evidence suggesting USDT grants Granger cause BTC returns.” The results of the research clashed with the study conducted by John Griffin from the University of Texas. Griffin’s study concluded that there was an artificial increase in BTC prices caused by excessive emissions of Tether (USDT). According to Bitcoin.com, Wang Chun Wei cited the work of Griffin and Shams and stated, “After tracking transactions between individual wallets…using over 200 BG worth of blockchain data…[Griffin and Shams (2018) found] that purchases with USDT are timed following Bitcoin downturns, suggesting USDT was used to support and manipulate BTC prices.” Wei stated, “[The] findings show that USDT grants were potentially timed to follow BTC downturns and subsequent Bitcoin/Tether trading volumes increased, confirming Griffin and Shams (2018) narrative.” See also: The Dirty Money quest: Bitcoin Tracker launched by Longhash Bitcoin to touch $10,000 by the end of 2018, says bullish Mike Novogratz Image via Shutterstock Join our Telegram group

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2 d
Crypto News Flash: Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Ripple and XRP, EOS, NEO

From a new study on Bitcoin price manipulation to a powerful new way to use nine cryptocurrencies, here’s a look at some of the stories breaking in the world of crypto. Bitcoin and Tether A n…

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There is “No Evidence” To Prove that USDT Was Used To Manipulate Bitcoin (BTC) Price, Study Concludes

Research conducted by the Lecturer in Finance at University of Queensland Business School, Ph.D. Wang Chun Wei concluded that there is no substantial evidence that the USDT was used as a tool to manipulate Bitcoin (BTC) prices during 2017. The study titled “The Impact of Tether Grants on Bitcoin” was written in May 2018 and …

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Study Finds “No Evidence” of USDT Price Manipulation

A study examining the popularly suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting the correlation between price fluctuations and Tether grants, the study notes a “positive relationship” between USDT issuance and “increased crypto-trading the following day.”

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2 d
Dash partners with cryptocurrency exchange Bitbns, announces no-fee service

Dash [DASH] recently announced that it was partnering with India-based cryptocurrency exchange Bitbns. Users will be able to transact the coin for no fees within a certain time period.

Apart from this cryptocurrency, the trading platform had also recently deployed Tether [USDT] and Ethereum Classic [ETC] for trading. The main cryptocurrency markets trading on the platform include Bitcoin [BTC], Ethereum [ETH], Neo NEO] and Pundi X [NPXS]. “Both Dash and Bitbns share a common goal of making cryptocurrency more accessible for everyone across the globe, and we hope through this partnership we can take a small step in achieving this in India and the broader South Asia region,” Bitbns CEO Gaurav Dahake said, according to BitcoinExchangeGuide. Bradley Zastrow, head of business development at Dash Core Global, also spoke about the advantages of the new partnership. “We’re additionally excited about the support for InstantSend, one of our core areas of focus. The more we can build this across exchanges globally, the more we additionally build networked liquidity and increase opportunities for traders and exchanges,” he added. It is to be noted that amid the hyperinflation crisis in Venezuela, Dash has emerged as a pillar of support. Discover Dash, an online directory of nearby merchants that support the digital coin, recently revealed that the count of merchants supporting payments in this particular virtual currency went up to 3,000. Image via Shutterstock Join our Telegram group

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