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Bitfinex and Tether Ready to Face Offenders Over Market Manipulation

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    Tether and Bitfinex said they are ready to dispute any non-peer reviewed facts, accusing companies of manipulating the cryptocurrency market.

Cover image via news.u.today

On October 5, an announcement appeared on the Tether and Bitfinex websites that said companies were ready for litigation regarding the manipulation of the cryptocurrency market.

Only truth and nothing but truth

The text says that companies are aware of unpublished materials that accuse Tezer of manipulating the crypto market by issuing new coins. It is said that all conclusions and conclusions will be challenged, due to their basis on erroneous assumptions, incomplete and carefully selected data and incorrect methodology.

 

The announcement itself says:

“These baseless accusations are an attempt to undermine the growth and success of the entire digital token community, of which Tether is a key part. It is an attack on the work and dedication of not just Tether’s stakeholders, but thousands of our colleagues, too.”

Crystal clear

At the end of the announcement, it says that Tether tokens have never been used to manipulate the cryptocurrency market, they are also protected by real assets and are issued according to market demand. Communication with any illegal activity is unacceptable for Tether and Bitfinex.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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