Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is digital property protected by Chinese legislation, a...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
According to statistics on Friday, May 13, the highest stablecoins by market capitalization are at the moment price $163.7 billion after the stablecoin economic system...
Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg
On Friday, the worth locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was greater than $200 billion whole...
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
Following just a few days of carnage, the 2 main crypto property constructed on high of the Terra blockchain have plummeted to important lows. LUNA...
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
At 12:14 p.m. (ET), the Twitter account operated by the Terra group introduced that the Terra blockchain community had been halted. According to the Terra...
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “buying and selling towards their prospects actually because they’re...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
Digital forex markets have continued to slip downward in worth because the crypto economic system has dropped by 14% through the previous 24 hours. Amid...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse
The world’s largest asset supervisor, Blackrock, and hedge fund big Citadel Securities have denied claims that they’d a job within the fall of terrausd (UST)...
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
Decentralized finance (defi) protocols are having a tough time weathering the storm, as the entire worth locked in defi right this moment is down 39.26%...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
During the previous few days, the crypto economic system has been tumultuous as billions have fled the market in the hunt for security. The points...