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Tether claims its stablecoin is now partially backed by non-U.S. government bonds

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.

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Stock futures rise with the S&P 500 on the brink of falling into a bear market, Dow up 200 points

U.S. stock futures rose early on Friday as traders watched to see if the S&P 500 will tumble into bear market territory.

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Bitcoin production roars back in China despite Beijing’s ban on crypto mining

Bitcoinminers aren’t giving up in China despite Beijing’s ban on the practice.

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Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

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.

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Stock futures dip as Wall Street looks to build on recent rebound

U.S. stock futures were lower early Wednesday morning as investors looked to build on a solid Tuesday rally.

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Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest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.

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$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse

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.

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Stock futures are higher after S&P, Nasdaq start the week in the red

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.

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