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Bitcoin has soared from $3,400 in February to over $8,700 this week, potentially due to the US-China trade war and wider interest in cryptocurrencies.
Bitcoin spiked to $7,500 on Sunday. The trade war, institutional interest, an exodus from altcoins, Bitfinex, and Binance could all be responsible.
Bitcoin plunged after a major crypto exchange was accused of using client money to hide $850 million of missing cash
Bitfinex drained $700 million from Tether's reserves to hide the fact it lost access to $850 million, says a lawsuit by the New York Attorney General.
Bitcoin jumped about 10% against the dollar on Tuesday in just 20 minutes, with no obvious news to spur the price rise. Here's what analysts are saying about it.
Everything you need to know about Tether, the cryptocurrency academics claim was used to manipulate bitcoin
Tether is in the frame again after a paper from the University of Texas at Austin claiming it was used to manipulate the price of bitcoin.
Academics at the University of Texas on Wednesday published a paper concluding that the US-pegged cryptocurrency Tether had influenced the price of bitcoin.
Bitfinex, one of the largest cryptocurrency exchanges by trading volumes, was down Tuesday morning after it experienced a cyber attack. "The platform is under extreme load," the exchange said. "We are investigating. Seems a DDoS attack was launched soon after we relaunched the platform."
‘The platform is under extreme load:’ Cyber attack brings major cryptocurrency exchange to its knees
One of the largest cryptocurrency exchanges shut Tuesday morning because of a cyber attack.
Both Bitfinex and Tether, which share a CEO, have been accused of fraudulent behavior.
The relationship with Friedman LLP "dissolved" due to the auditors' "excruciatingly detailed procedures," Tether said in a statement.