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Tether, Bitcoin and Chinese Commercial Paper at Scale –

November 13, 2021
Source: coindesk.com coindesk.com
News Snapshot:
For critics of Tether, the new economy of digital assets is based on the world’s oldest profession: real estate speculation. Crypto markets took a dip Thursday just around the time it was reported that China’s Evergrande Group was on the verge of defaulting on a bond payment. While the embattled housing giant ultimately made its scheduled payment of $148 million , questions persist about the long-term prospects for it and other real estate developers in China. Bitcoin, meanwhile, remained above all-time highs by about 5.5%. This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories...
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Tags: bank | Bank of China | bitcoin | blockchain | Bloomberg | books | China | Chinese | crypto | cryptocurrency | currency | data | digital | Dollar | Economy | entertainment | Evergrande | fintech | Giant | HERE | IT | loans | media | movie | real estate

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