Hedge funds are betting against a cryptocurrency whose price shouldn’t move. Tether says the short sellers are part of a 'clever scheme to raise capital from those less knowledgeable.'
Tether says it has conservative investments, while hedge funds question how much risk lies in the $82 billion investment portfolio that backs the currencyShort sellers are betting against a cryptocurrency whose price shouldn’t move.
A few investment firms, including Fir Tree Partners and Viceroy Research LLC, have placed substantial bets in recent months that the price of tether will fall, according to people familiar with the matter. Tether is the most popular currency for trading bitcoin and is supposed to have a fixed value pegged to the U.S. dollar.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
19 Short & Sweet Micro Mini Skirts To Sport Spring's Top TrendHere are 19 short and sweet micro mini skirts to sport spring's top trend:
Read more »
Sizing up Texas A&M’s basketball season: two nice runs came up shortAfter an eight-game losing streak in conference play, Aggies made a late-season push that...
Read more »
Dutch investor group targets oil, gas execs' pay plans if climate goals fall shortA group of Dutch investors managing assets worth nearly 1.5 trillion euros threatened on Friday to oppose oil and gas sector executives' pay plans if their companies failed to set climate change goals in line with the Paris Agreement on global warming.
Read more »
I Never Thought I'd See Kylie Jenner On Team Short Nails, but Here We AreKylie Jenner has entered the short nail chat 💅
Read more »
Key part of yield curve 'inverts' as short-term rates jump after jobs report5-year and 30-year U.S. Treasury yields inverted once again on Friday morning, stoking fears that a recession could be in the cards.
Read more »