Terra backers vote to revive luna cryptocurrency, abandon UST
Backers of Terra have accepted a plan to revive the failed cryptocurrency enterprise — with out the controversial stablecoin that helped set off its gorgeous...
ECB chief Christine Lagarde: Crypto is ‘worth nothing’
European Central Financial institution President Christine Lagarde thinks cryptocurrencies aren't value a dime."My very humble assessment is that it is worth nothing," Lagarde mentioned of...
Tether (USDT) stablecoin withdrawals top $10 billion
Traders have yanked greater than $10 billion out of tether previously two weeks amid heightened regulatory scrutiny over stablecoins.Tether, the world's largest stablecoin, has seen...
Tether claims USDT stablecoin is backed by non-U.S. bonds
The issuer of the stablecoin tether stated in a report that the controversial digital forex is now backed partly by "non-U.S." authorities bonds.Stablecoins are a...
China is second-biggest bitcoin mining hub as miners go underground
Bitcoin miners aren't giving up in China regardless of Beijing's ban on the follow.China was as soon as the world's greatest crypto mining hub, accounting...
Coinbase (COIN) to slow hiring amid plunge in crypto and tech stocks
Coinbase has grow to be the newest tech firm to warn of a slowdown in hiring.The crypto alternate advised workers Tuesday it will slow hiring...
Regulators anxious about stablecoins like tether after UST collapse
Regulators are getting more and more frightened about stablecoins after the collapse of controversial cryptocurrency enterprise Terra.TerraUSD, an "algorithmic" stablecoin that is meant to be...
Bitcoin (BTC) price falls below $27,000 as crypto sell-off intensifies
Bitcoin slumped below $27,000 Thursday for the primary time in over 16 months, as cryptocurrency markets prolonged their losses amid fears over rising inflation and...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
The 2 primary tokens from embattled crypto venture Terra at the moment are in freefall.UST, a so-called stablecoin that is meant to take care of...
Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg
Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips farther from its supposed $1 peg.TerraUSD, or UST, sank below 70 cents...