The sister token of controversial stablecoin TerraUSD is now basically worthless. Luna plunged to $0 Friday, according to data from CoinGecko, marking a stunning collapse for a cryptocurrency that at one point was worth more than $100. The demise of controversial stablecoin venture Terra has resulted in a meltdown in the crypto market, which erased … Read more
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. TerraUSDan “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollarhas erased much of its value this week after a … Read more
Here are five things you must know for Friday, May 13: 1. — Stock Futures Moved Higher As Powell Rate Soothe Rate Betting Bulls US equity moved higher Friday, potentially snapping a six-day losing streak for the Dow, as investors looked to an ease in market volatility amid stabilizing cryptocurrency prices and detailed comments on … Read more
Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tetherthe world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which is … Read more
Bitcoin may be in a bearish market, but the mining industry is growing bigger than ever. Bitcoin mining difficulty set a new record high for the sixth time this year on Tuesday, reaching 31.25 trillion, according to mining data from Brains. The 4.89% adjustment was the third-largest increase this year. Even though the leading cryptocurrency’s … Read more
One of the main aspects of on-chain analysis is to examine transactions over the network. Unlike exchange-involved transactions, which often lead to price volatility, transactions outside of exchanges demonstrate the network utility as possible payments among users. It makes a positive contribution to the development of the network over the long term if users are … Read more
Rafael Henrique | LightRocket | Getty Images MicroStrategythe enterprise software maker that’s bet big on bitcoin over the past two years, is now underwater on its holdings of the world’s largest cryptocurrency due to the market tumble. Bitcoin traded around $28,500 apiece on Thursday afternoon, recovering from earlier losses that brought the digital token below … Read more
Here are five things you must know for Thursday, May 12: 1. — Stock Futures Slide, Dollar Leaps As Tech Rout Continues US equity futures extended declines Thursday, potentially pulling the Dow into its sixth consecutive slump, as investors continue to shed risk assets in markets around the world amid renewed concerns that central bank … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more
