Tweet of the Week Circle CEO Jeremy Allaire addressed news reports covering an updated academic paper that claims a single whale propped up bitcoin's price rise in 2017. Using on-chain data, the academic paper draws the conclusion that USDT flows from Bitfinex to other exchanges points toward manipulation from a single source. "[A]n analysis that shows that 'a single wallet' was involved in flows from Bitfinex to other exchanges is meaningless. All it shows is that traders were trading," Allaire tweeted. |