And crypto manipulators are trying to spin the recent price increase as positive news with absolutely no regard to how a similar price ramp up happened on MTGOX before it went down completely from insolvency. Has Bitfinex pricing decoupled from the prices on legit exchanges yet?
I wondered if the runup was like MTGOX. It’s plausible, but if so then someone is providing the dollars for everyone selling into USD on Coinbase etc. Whereas MTGOX’s prices were all self referential right? By the time it started freezing up
One other possibility is that Tether is playing the CME futures and making money from the pump up. I suspect they’re insolvent but it’s possible they aren’t and are merely crooks. The crypto markets interface with real money now
MTGOX was essentially one large bug bounty for any hacker that had the means and ways of collecting the jackpot. Once the bug bounty was several million dollars…
