The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.” government bonds.
U.S. stock futures rose early on Friday as traders watched to see if the S&P 500 will tumble into bear market territory.
Bitcoinminers aren’t giving up in China despite Beijing’s ban on the practice.
The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off.
U.S. stock futures were lower early Wednesday morning as investors looked to build on a solid Tuesday rally.
Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin.
Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer.
U.S. stock index futures were higher in early morning trading on Tuesday, following a volatile Monday session that saw the S&P 500 and Nasdaq Composite continue their march lower.
May 20, 2022
May 19, 2022