Tether, a cryptocurrency token that is supposedly backed by the US dollar, has been spent on Bitcoins at key instances to support its price, reveals a paper published by a University of Texas professor. The pattern has helped drive Bitcoin prices to a record high in December, says John Griffin, professor in finance, who in 2017 has also shed light on a potential manipulation of the VIX benchmark index.
This is a triple posting of the topic. We already discussed Tether 5-6 months ago, and this paper was posted a week or so ago. TL;DR: We know...