Tether claims USDT stablecoin is backed by non-US bonds

Tether claims USDT stablecoin is backed by non-US bonds

Tether previously claimed its stablecoin was backed 1-to-1 by US dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-US” government bonds. Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies … Read more

HP’s Reveals Revamped Specter and Envy Laptops

HP’s Reveals Revamped Specter and Envy Laptops

HP Specter x360 16Image: HP Countless laptops have been announced in the past few weeks, including an entire fleet of Acer notebooks, HP gaming systemsa premium Lenovo Chromebookand an Asus with a hidden message written in invisible ink. Frankly, I’m exhausted. However, I won’t let my cramping fingers deter me from being excited about the … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow ended less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

How to Get a Free Fitbit or Apple Watch From Your Insurance Company

How to Get a Free Fitbit or Apple Watch From Your Insurance Company

Photo: charnsitr (Shutterstock) Fitness trackers like Apple Watches and Fitbitsgenerally aren’t I would expensive as tech like smartphones and tablets, but they’re not exactly cheap. You certainly wouldn’t pass up the opportunity to snag one for free. And as it turns out, many insurance companies include fitness programs that either come with a complimentary tracker, … Read more

Matt Damon’s crypto ad blamed for losing people money

Matt Damon’s crypto ad blamed for losing people money

While the crash of bitcoin and other cryptocurrencies is terrible news for investors, it’s also a worrisome development for Matt Damon and his reputation as a nice-guy movie star. The Martian actor is getting roasted on Twitter for a now infamous 60-second TV ad featured during NFL playoff games and the Super Bowl earlier this … Read more

Opinion: Bitcoin, NFTs, SPACs, meme stocks – all those pandemic investment darlings are crashing

Opinion: Bitcoin, NFTs, SPACs, meme stocks – all those pandemic investment darlings are crashing

The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can’t be broken: the law of gravity. Over the last few weeks and months, almost every financial asset has come hurtling back to … Read more

China blockchain explainer: What is BSN?

China blockchain explainer: What is BSN?

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a 2019 speech, the … Read more

Coffeezilla, the YouTuber Exposing Crypto Scams

Coffeezilla, the YouTuber Exposing Crypto Scams

When Stephen Findeisen was in college, at Texas A. & M., a friend pitched him a business opportunity. He was vague about the specifics but clear about the potential upside. “It was, like, ‘Don’t you want to be financially free, living on a beach somewhere?’ ”Findeisen, who is twenty-eight, recalled recently. After attending a weekend … Read more

Regulators anxious about stablecoins like tether after UST collapse

Regulators anxious about stablecoins like tether after UST collapse

The entire stablecoin market is now worth more than $ 160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the US dollar, has erased much of its value this … Read more

The clock is running out for Congress to pass Big Tech antitrust bills this year

The clock is running out for Congress to pass Big Tech antitrust bills this year

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more