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

Shanghai residents turn to NFTs to save COVID lockdown and fight censorship

HONG KONG, May 4 (Reuters) – Shanghai residents are turning to blockchain to preserve memories of the city’s month-long COVID-19 lockdown, smashing videos, photos and artwork capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a stretch, many of the city’s … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Stocks slide on fears of Beijing lockdown, dollar shines as rate hikes loom

FIE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building in the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Chinese stocks and yuan fall as lockdowns spread Aussie dollar slides 1% as greenback rises Macron victory … Read more

Wall Street sinks, bond yields rise as Powell suggests aggressive Fed policy

The New York Stock Exchange (NYSE) in New York, New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs Join now for FREE unlimited access to Reuters.com Register US stocks turn negative after earlier gains Fed Chairman Powell suggests aggressive hikes Bond yields rise on bets on rising rates Oil rises but remains well below March highs … 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