Topic: Blockchain
Title: Unscrupulous Traders may have used Tether to Manipulate the price of Bitcoin
What: A Norwegian writer has come up with a theory that points to certain transactions with Tether that show the relation of Bitcoin price swings and newly minted cryptocurrency flows.
(https://www.xn--privatkonomi-0jb.net/)
Why/how: Screenshots from omniexplorer show major transactions carried out in the past and the corresponding change in the price of Bitcoin thereafter.
More ...: Tether was created as a stablecoin, but this investigation notes that it seemed that the currency was able to ‘print’ millions out of thin air within a short period of time somewhere in 2018.
Methodology: Online research and use of the tumbled pyramid
Sources:
• https://www.privatøkonomi.net/tether-risiko-kryptovaluta/
• https://news.ycombinator.com/item?id=21794434
Wordcount: 200-300
Qualification statement: This would be interesting info for those invested in crypto.
Time: 24 hours
Budget: 200TECH