[ad_1] Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. Three Arrow Capital Singapore-based crypto […]
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[ad_1] The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming. The billionaire twins, best known for their supporting role in the creation of Facebook, twirled and shimmied across the stage with their new cover band, Mars Junction, at a concert venue outside Denver last week, the latest stop on a coast-to-coast […]
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[ad_1] Terra-Luna coins have been blacklisted by several crypto exchanges, including Binance and Coinbase after the staggering loss investors faced when the supply-demand ratio of the algorithmically designed stablecoins broke. Do Kwon, CEO and co-founder of Terra Labs has finally spoken on the crash of Terra-Luna stablecoins. The CEO is looking for a revival plan […]
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[ad_1] Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was it an isolated outburst, or are they losing […]
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[ad_1] In the last few days, a stablecoin called TerraUSD and its sister currency Luna dropped about 80 per cent, rattling the broader crypto market including tokens like Bitcoin and Ethereum. Terra Luna is now almost worthless. This has created fear among investors, even aggressively bullish crypto investors are now panicking. Here are the five […]
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[ad_1] Written by David Yaffe-Bellany, Erin Griffith and Ephrat Livni The price of bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion was wiped out by a crash in cryptocurrency prices […]
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[ad_1] “I thought crypto is profitable. This has really taken a toll on my mental health.” Mumbai-based student Ajay Mutke sums up the feeling among thousands of crypto investors following the dramatic crash in the value of cryptocurrencies in recent days. The 26-year-old who borrowed Rs 50,000 from his father for investing in crypto, says […]
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