[ad_1] The largest stablecoin in the world, tether saw more than $10 Billion in redemptions in May. It is raising concerns about an “bank run”
[ad_1] After Terra’s collapse, cryptocurrency markets saw a sharp sell-off. Getty Images Dan Kitwood| Getty Images A new version of the collapsed luna cryptocurrency is
[ad_1] Gabby Jones | Bloomberg | Getty Pictures Backers of Terra have permitted a plan to revive the failed cryptocurrency enterprise — with out the
[ad_1] DAVOS, Switzerland — Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund
[ad_1] The total stablecoin market has a value of more than $160 Billion. Justin Tallis | AFP via Getty Images After Terra’s collapse, regulators are
[ad_1] BitcoinOn Friday, the market rebounded and climbed above $30,000 in spite of the continuing woes with TerraUSD stablecoin. This has created panic in the
[ad_1] But UST's isn't the first depegging in stablecoins and it probably won't be the last. Here's what you need to know about this week's
[ad_1] Luna, the sister cryptocurrency to controversial stablecoin TerraUSD has nearly dropped to $0. After TerraUSD lost its $1 peg, the cryptocurrency markets saw a
[ad_1] Bitcoin plummeted further below the $30,000 threshold as investors flee cryptocurrencies. Getty Images| NurPhoto | Getty Images BitcoinThe cryptocurrency markets plunged to $27,000 on
[ad_1] Bitcoin, the largest cryptocurrency in the world, fell more than 50% after reaching an all-time record of almost $69,000 in November. Getty Images –