On the exchanger Mt. Gox made a fraudulent acquisition of $ 188 million

Researchers Neil Gundal, JT Hamrick, Tyler Moore and Tali Oberman wrote a fascinating article about manipulating prices for bitcoins. Under the title "Price Management in the Bitcoin Ecosystem" and in a recent issue of The Journal of Monetary Economics, it is described to what extent the bitcoin ecosystems are controlled by bad actors.

For many, it was clear that Bitcoin markets were at least managed by one or two major players. "This paper defines and analyzes the impact of suspicious trading activities on the Mt. Gox, in which a deceitful acquisition of approximately 600,000 bitcoins (BTC) worth $ 188 million was made, "the researchers write. "In both periods, the USD-BTC exchange rate rose by an average of four percent on days when there were suspicious transactions, compared with a slight decline in days without suspicious activity. Based on a thorough analysis with extensive reliability checks, the document shows that suspicious trading activity probably caused an unprecedented surge in the US dollar exchange rate at the end of 2013, when the rate jumped from $ 150 to more than $ 1,000 for two months. "

The team found that many cases of price manipulation occurred simply because the market is very affordable for various new cryptocurrencies. "Despite the huge growth in market capitalization, similar to the market of bitcoins in 2013 (the period under consideration), the markets for other cryptocurrencies are very transparent. The number of cryptocurrencies increased from about 80 during the period under review to 843 today! Many of these markets are easily accessible and prone to price manipulation. "

Cryptocurrency markets every day amaze their fans and participants with new news. And unfortunately, the overwhelming majority of them are negative news. Investors who are looking for a way to make big money are no longer looking towards bitcoins and other crypto-currencies. The whole world understands that this market has ended the period of growth and more good news is not foreseen. That is why an investor should pay attention to more profitable and stable ways of earning money. Without extra nerves and wasting time to get a good income will help venture fund. Hypercube Ventures takes care of its investors, bringing them excellent money in a very short time. While the cryptocurrency is relentlessly falling, the sphere of venture capital funds is thriving and pleases you with excellent interest rates.

Recently we reported that China is going to ban Bitcoin mining.