U.S. Crypto Lobbyists Face Scrutiny Over The Collapse Of TerraUSD
The Blockchain Association and the Chamber of Digital Commerce claimed to have been reviewed and consulted by U.S. policymakers following the collapse of TerraUSD. The two lobbying groups representing leading crypto companies said lawmakers were questioning the structure of the UST to see if its collapse was avoidable and whether other stablecoins could suffer the […]
Russia Will Sooner Or Later Legalize Crypto As A Means of Payment
Russian Industry and Trade Minister Denis Manturov said that sooner or later the country will legalize cryptocurrencies as a means of payment. “The question is when this happens, how it will be regulated, now that the central bank and the government are actively working on it, but everyone tends to understand that sooner or later […]
Bank Of England Exec Predicts More Tough Time For Crypto
Bank of England deputy governor Jon Cunliffe has warned crypto investors to brace themselves for a tough time as financial conditions tighten. Asked if rising interest rates would increase pressure on cryptocurrencies, Cunliffe responded, “Yes, I think as this process continues, as (quantitative tightening starts in the U.S., I think we’ll see a move out […]
TerraUSD Affiliate Spent Bulk Of Reserves To Defend The Stablecoin Dollar Peg
Luna Foundation Guard (LFG), a Singapore-based nonprofit that aims to maintain the price of TerraUSD, said Monday that it has spent the bulk of its bitcoin in a failed attempt to revive TerraUSD after its collapse. The LFG has built up large reserves of cryptocurrencies, including more than 80,000 Bitcoins, to support the peg. Although […]
Bitcoin Recovers After a Volatile Week From 16-month Low
Bitcoin, the world’s largest cryptocurrency, has rebounded from a 16-month low after a volatile week that wiped $200 billion off the market value of the cryptocurrency. Bitcoin last rose 4.85% to $29,925, recovering from $25,000, the lowest level the digital currency has reached since December 2020, and although it climbed to nearly $31,000 on Friday, […]
Crypto Assets Shed $800 billion In Market Value In A Month
Bitcoin, the world’s largest cryptocurrency, lost $800 billion last month. The cryptocurrency, which accounts for nearly 40% of the cryptocurrency market, hit a 10-month low on Tuesday before recovering to $31,450 six days after touching $40,000. The total crypto market value stood at $2.2 trillion on April 2, below its all-time high of $2.9 trillion […]
Bitcoin Drops To Its Lowest Since July 2021
On Monday, Bitcoin, the world’s largest cryptocurrency, fell to its lowest level since July 2021. Bitcoin fell to a low of $30,331.28 for a fifth consecutive session. Bitcoin last traded 9.8% at $30,724. Since hitting an all-time high of $69,000 in November 2021, the cryptocurrency has continued to decline and depreciate. In May, Bitcoin shed […]
The Dangerous “Play To Earn” Trend In Crypto
Crypto enthusiasts and investors have attracted millions of users to the crypto world through the blockchain-based online games known as “play-to-earn.” A lot of users have earned a substantial amount of money while playing these games. However, involving in such activity comes with a lot of risks. One of the risks are imminent cyberattacks from […]
UK Royal Mint To Issue Its First NFT In 2022
Britain’s Royal Mint has given Her Majesty’s Treasury the green light to create the country’s first official NFT sometime this summer. The Royal Mint in the United Kingdom is a government mint that produces coins for the United Kingdom and is wholly owned by Her Majesty’s Treasury. The move to create the nation’s first official […]
Bitcoin Hold Ground After Reaching Its Peak In 2022
Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31.
