Bitfinex & Tether might be manipulating Bitcoin's price

www.nytimes.com

Nathaniel Popper (known to some as Nathaniel Pumper, due to the effect his reporting tends to have on crypto prices) is out with an unusually dour piece that highlights a very legitimate concern of fraud on the part of the largest crypto exchange in the world, Bitfinex. In a nutshell, the same people behind the exchange were running Tether, a token that purports to be backed 1:1 with US Dollars, but significant shadiness has many worried the reserves aren't there and these people have just been printing money, which is used to inflate the price of Bitcoin. Not good stuff, but great reporting. 

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