On Thursday, the chair of an international financial watchdog said that he expects there will be a global cryptocurrency regulatory body within the next year. In light of recent panicked freefall of multiple “stable” coins, we probably need one. “I would not expect that to be the same time next year. I think that [lack […]
ZUG, Switzerland, May 12, 2022 (GLOBE NEWSWIRE) — nChain’s Chief Scientist, Dr Craig S Wright, today gave a keynote presentation on the future of the internet at the Global IEEE 5G-IoT Blockchain Summit in Rabat, organized by the IEEE 5G Technical subcommittee. In the latest in a series of presentations at IEEE events, Dr Wright […]
Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $1 peg and LUNA, the blockchain’s native token, near zero. Terraform Labs, the tech start-up behind […]
Bear markets are not fun, but they are also not the end (usually). The big pictures: The crypto market is still very new. There are risks and shaky technologies, many of which are failing in spectacular attention-grabbing fashion this week. But at the same time, the industry is on firmer footing today than it was […]
Crypto investors panicked on Thursday as bitcoin plummeted to its lowest price in more than a year and other cryptocurrencies endured even worse sell-offs. Victims of the bloodbath — which comes amid a broader stock market route — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly […]
Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher […]
A bitcoin sign is seen on a Coinstar ATM during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. photo: beautiful frame (Getty Images) The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours. And absolutely no […]
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged […]
Bitcoin prices have suffered a route over the past week alongside other cryptocurrencies. dreamstime Textsize Bitcoin and other cryptocurrencies remained under pressure 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% over the […]