United States

Who are the bamboozlers manipulating the cost of bitcoin now?

We now know there is strong evidence that one party manipulated the price of bitcoin to nearly $20,000 two years ago. So, the question today is: Who is manipulating it now? Earlier this week, two university professors — one of whom is a specialist in forensic accounting — published a study in the Journal of Finance alleging that one person, or group, was behind the bitcoin spiking to an all-time high price of $20,000 in late 2017. Professors John Griffin of the University of Texas and Amin Shams of Ohio State said the manipulation was accomplished by using another cryptocurrency called Bitfinex. The study suggested that the people behind Bitfinex knew about the manipulation, although executives there have said the professors’ f ...