TerraUSD backer says will compensate some users; bitcoin back below $30,000

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says spent bulk of assets last week trying to prop up TerraUSD LFG … Read more

Explainer: What are stablecoins, the asset rocking the cryptocurrency market?

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, May 12 (Reuters) – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a … Read more

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG/LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this … Read more

Dollar hovers near 2-decade high as CPI keeps aggressive US rate hikes likely

A man counts US dollar banknotes at an exchange shop in Beirut, Lebanon March 18, 2022. REUTERS/Mohamed Azakir/Files Register now for FREE unlimited access to Reuters.com Register TOKYO, May 12 (Reuters) – The US dollar held near a two-decade high on Wednesday after US inflation moderated less than markets had expected, keeping the Federal Reserve … Read more

Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in … Read more

Air France-KLM beats earnings forecasts as summer bookings take off

The first Air France airliner’s Airbus A350 takes off after a ceremony at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register PARIS, May 5 (Reuters) – Air France-KLM (AIRF.PA) posted a first-quarter core profit that landed ahead of its own … Read more

Stocks rise, euro falls after ECB confirms end to Q3 bond purchases

A broker looks at a chart on his computer screen on the ICAP trading floor in London, Britain January 3, 2018. REUTERS/Simon Dawson Join now for FREE unlimited access to Reuters.com Register Euro STOXX 600 extends gains Euro turns negative, bond yields fall The ECB maintains its monetary policy stance Press conference scheduled for 12:30 … Read more

Global stocks pause on inflation as oil rises in Ukraine

General view of the stock exchange in Frankfurt, Germany, June 29, 2015. REUTERS/Ralph Orlowski/File Photo Join now for FREE unlimited access to Reuters.com Register MSCI Flat World Index; Asia excluding Japan index up 0.6% Oil up on Ukraine-fueled supply issues UK inflation hits 30-year high; New Zealand raises rates LONDON, April 13 (Reuters) – Global … Read more

Exclusive: China’s oil champion plots Western retreat amid sanctions fear

Men wearing face masks walk past a China National Offshore Oil Corp (CNOOC) sign outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register CNOOC prepares to leave Britain, Canada and the United States – sources Beijing worries about growing tensions with the West Production … Read more

Oil settles on easing of Shanghai lockdown and Russian production cuts

A worker walks past a pump jack on an oil field owned by the Bashneft company near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin Join now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – Oil prices rose on Tuesday as shutdowns eased in Shanghai and … Read more