Possibly intentional market manipulation? They are in the top 200 most visited sites in the world and supply api data to hundreds if not thousands of cryptocurrency price apps. Surely they knew their change would impact the market.
I really think there is a considerable amount of market manipulation going on with crypto-currencies in general. There was an earlier thread to a blog post that got voted up quite a bit, but the comments all brought up that the author was just speculating and tried to pass it off as fact.
There was also a pastebin up earlier that showed how someone had found wallets on the blockchain that used their own hashes as passwords, and were potentially being used to funnel money around (security holes in exchanges potentially?) It was removed from HN; found it on Lobsters.
The trouble is that no one has really presented hard evidence, but a number of people I talked to who are developers in the regular financial sector do think it's highly probably that there is intentional manipulation. And with the blockchain being all hashes, numbers and mathematics, it also seems plausible that it's a system that can be gamed; or at least more easily gamed than regular fiat currency.
djsumdog|8 years ago
There was also a pastebin up earlier that showed how someone had found wallets on the blockchain that used their own hashes as passwords, and were potentially being used to funnel money around (security holes in exchanges potentially?) It was removed from HN; found it on Lobsters.
The trouble is that no one has really presented hard evidence, but a number of people I talked to who are developers in the regular financial sector do think it's highly probably that there is intentional manipulation. And with the blockchain being all hashes, numbers and mathematics, it also seems plausible that it's a system that can be gamed; or at least more easily gamed than regular fiat currency.