Bitcoin hovered around US$26,500 in Friday afternoon trade in Asia after hitting a two-month low of US$25,400 in the morning. The depreciation of the...

SpaceX, the renowned aerospace technology firm, reportedly wrote down the value of its Bitcoin holdings by a total of $373 million in 2021 and...

Advertisement &nbsp &nbsp The price of Bitcoin slipped by circa 8% in a span of 20 minutes on Aug. 17, causing the classic...

SNEAK PEEK Newly obtained documents confirm Tether’s USDT stablecoin is backed by Chinese securities. Tether’s reserves include assets from Chinese companies and foreign businesses...

Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks within the first quarter of 2023, inflicting a “substantial reduction” in counterparty danger,...

Former FTX CEO Sam Bankman-Fried has deflected a lot of the allegations leveled at him since his resignation, but today pointedly said he did...

As bond risks grow and contagion appear more likely than ever, every investor needs to consider bitcoin as portfolio insurance.

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

The post Hedge fund shorts Tether, expects it to collapse in the next year appeared first on Protos.

The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets […]

Fir Tree Capital Management is shorting Tether’s stablecoin amid the increased regulatory scrutiny and the fears over ties to the Chinese debt market as we can see more today in our latest Tether news. Fir Tree Capital is a $4 billion hedge fund and it is shoring Tether as the biggest stabelcoin on the market […]

Discussing macro economic trends in Fed appointments, Arizona making bitcoin legal tender and Chinese real estate companies.

Can earnings season soothe investors’ nerves? It’s been a turbulent start to the year in the markets and that’s unlikely to change as we move into earnings season. Fear of high inflation and accelerated monetary tightening is driving much of the volatility that we’re seeing in financial markets over the last couple of weeks and […]