Monday, October 15, 2018

Finance Professor Exposes "Deeds of Darkness"

A recent article in Bloomberg Businessweek highlighted the work of UT-Austin finance professor John Griffin, and his work in exposing the Bitcoin—Tether cryptocurrency connection. He found that when “Bitcoin fell to certain levels, purchases using Tether would flood in to stabilize prices” and this “fit a pattern consistent with someone, or a group of people, trying to manipulate Bitcoin prices.” Griffin also published a paper last year alleging a favorite benchmark of volatility in the finance industry, the XIV, was rigged. His work has drawn an “eager readership” among watchdogs, including the Department of Justice and the Commodity Futures Trading Commission.

No comments:

Post a Comment