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Tether, Bitcoin And Chinese Commercial Paper At Scale Biznewspost biznewspost

November 13, 2021
Source: biznewspost.com biznewspost.com
News Snapshot:
rFor critics of Tether, the new economy of digital assets is based on the worldu2019s oldest profession: real estate speculation.Crypto markets took a dip Thursday just around the time it was reported that Chinau2019s 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, CoinDesku2019s daily roundup of the most pivotal stories in blockchain and...
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Tags: bank | Bank of China | bitcoin | blockchain | Bloomberg | books | China | Chinese | crypto | data | digital | Dollar | Economy | entertainment | Evergrande | finance | fintech | Giant | HERE | IT | loans | movie | news | payment | real estate

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