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    Friday, June 29, 2018

    [Daily Discussion] Friday, June 29, 2018 Bitcoin Markets

    [Daily Discussion] Friday, June 29, 2018 Bitcoin Markets


    [Daily Discussion] Friday, June 29, 2018

    Posted: 28 Jun 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    [Altcoin Discussion] Friday, June 29, 2018

    Posted: 28 Jun 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    Tether Defies Logic on Kraken’s Market, Raising Red Flags - Bloomberg on the USDT-USD market on Kraken

    Posted: 29 Jun 2018 02:52 AM PDT

    Bloomberg has conducted an investigation and analysis into the USDT-USD market on Kraken. Their analysis span "56,000 trades placed on the exchange between May 1 and June 22" and was shared with "New York University Professor Rosa Abrantes-Metz and former Federal Reserve bank examiner Mark Williams".

    The gist of the analysis is that normal market economics of supply and demand does not appear to apply to the USDT-USD market on Kraken. From the article:

    Huge trades move prices about the same as small ones, ignoring the normal rules of economics, according to a review of Kraken's public order book—a pattern that experts on market manipulation view as a red flag. The mystery is bracketed by another quirk: Oddly specific order sizes—many going out to five decimal points, with some repeating frequently. Another red flag.

    There are plenty more details in the article and overall it is a very interesting (and somewhat alarming) read!

    Article URL: https://www.bloomberg.com/graphics/2018-tether-kraken-trades/

    Archived article: https://web.archive.org/web/20180629095019/https://www.bloomberg.com/graphics/2018-tether-kraken-trades/

    The journalists behind the analysis and article have also shared their data and analysis openly on Github: https://github.com/BloombergGraphics/2018-tether-kraken-trade-data

    submitted by /u/dnivi3
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