Topline At least 68 people died in western India Sunday after a historic pedestrian suspension bridge—which just reopened last week after a six month closure for renovations—suddenly collapsed, the BB...
Tag: Collapse
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Prominent Bitcoin (BTC) mining firm Core Scientific has revealed in a court filing that it is contemplating bankruptcy as a possible solution since it is unlikely to be unable to pay its debts shortly...
Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth
The biggest news in the cryptoverse for Oct. 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a n...
Adobe Stock Price Collapse at 50 DMA, Should Buy?
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Terra collapse sparked explosive growth in long-term Bitcoin supply
The Terra collapse, in which $60 billion of value evaporated, has already gone down as a defining moment in cryptocurrency history. TerraForm Labs co-founder Do Kwon maintains the issue boiled down to...
Why Collapse Below $0.028 Seems Imminent
Zilliqa (ZIL) price has been consolidating above a descending support line over the past month and could soon initiate a short-term upward movement. However, there are no long-term bullish reversals s...
MADE To Last? UK Furniture Company Close To Collapse
Made.com website is not taking orders as the company face further woe made.com Made.com website is down with a maintenance page in place as the company has confirmed it has ceased to take any new orde...
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and TerraUSD (US...
The collapse of the crypto Terra Luna
The crypto Terra Luna, which also had one of the largest stablecoins on the market, as we know, drastically collapsed in May 2022. The blockchain-related project Terra, which was born in 2020, sudden...
Analyst Who Called May 2021 BTC Collapse Predicts Explosive Rally for Bitcoin – But There’s a Catch
A popular crypto analyst who called the May 2021 Bitcoin (BTC) collapse thinks an explosive rally for the king crypto is on the horizon. The pseudonymous trader known as Dave the Wave shares a chart w...
Crypto Staking Platform Freeway Halts All Withdrawals, Triggering 80% Collapse in Native Token
Crypto staking platform Freeway has halted all customer withdrawals, sending its native token plunging over 80% in a matter of hours. Yesterday, Freeway Financial announced they were stopping user wit...
Do Kwon says he takes full responsibility for the collapse of Terra
Join Our Telegram channel to stay up to date on breaking news coverage Do Kwon, the co-founder of Terraform Labs has taken responsibility for the “weakness” in the design of the Terra network that tri...
Britain’s Government On Brink Of Collapse As Liz Truss Clings To Power
Topline British Prime Minister Liz Truss is desperately fighting to stay in power Thursday after one of her key ministers quit and chaos dramatically engulfed a key government vote last night, sparkin...
Do Kwon Opens up and Admits Full Liability for Terra’s Collapse
2 hours ago | 3 mins read Editors News Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “want...
Top Crypto Strategist Issues Bitcoin Warning, Says BTC Flashing Vibes of 2018 Bear Market Collapse
A closely followed crypto strategist is warning Bitcoin (BTC) holders, saying the king crypto’s recent price action is reminiscent of the time that preceded its collapse in 2018. Pseudonymous analyst ...
Home Builders Warn Collapse Is ‘Unsustainable’—And Prices Could Tumble Another 20%
Topline Home builder confidence plunged for a tenth straight month in October as rising interest rates continued to weaken housing demand—prompting economists to warn an unexpected rise in new home sa...
Do Kwon Says Terra Luna’s $40,000,000,000 Collapse Is ‘My Responsibility – and My Responsibility Alone’
The founder of embattled stablecoin issuer Terra (LUNA) is taking sole responsibility for the crypto project’s multibillion-dollar collapse earlier this year. In a new interview with Laura Shin on the...
Do Kwon Sorry for Arrogant Tweets, Takes Full Responsibility for Terra’s Collapse
Terra’s collapse is one of the most high-profile events in the crypto industry in recent times. With South Korean authorities and Interpol involved, the once crypto titan, Do Kwon, has opened up about...
Bitcoin Is In A Tight Range As A Price Recovery Or Collapse Is Imminent
Oct 17, 2022 at 11:11 // Price Bitcoin (BTC) price is in a downtrend but has resumed consolidation above $19,000 support. Bitcoin price long term forecast: bearish Since October 10, the price...
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion – Altcoins Bitcoin News
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain ma...
Bitcoin Sharply Rejected at $20K Following Friday’s Wall Street Collapse (Weekend Watch)
Bitcoin tried its hand at taking down $20,000 but was stopped in its tracks once more and has retraced by almost a grand. The altcoins are back in red after yesterday’s massive gains. This all came fo...
Trader Who Called 2022 Crypto Collapse Predicts 248% Rally for Solana-Based Altcoin – Here’s His Target
A closely followed trader says that he’s investing in one Solana-based (SOL) move-to-earn project with the expectation that the token will spark a series of massive rallies. The pseudonymous crypto tr...
Collapse Threatens Spillover Effects In These Major Industries
Topline As home sales tumble to the lowest level in years a rash of industries tied to the housing market are starting to show signs of deterioration, with home builders, appliance-makers and some ret...
Bitcoin en Route to 40X Gains, According to Analyst Who Called May 2021 BTC Collapse
A popular crypto analyst known for calling the Bitcoin May 2021 collapse thinks BTC is en route to 40x gains over the long term. The pseudonymous analyst known as Dave the Wave tells his 127,500 Twitt...
Mets’ Collapse Rivals The 1951 ‘Shot Heard ’Round The World’
Don’t let Mr. Met’s smile fool you. (AP Photo/John Minchillo) Associated Press With their 6-0 loss to the San Diego Padres on Sunday night, the New York Mets, with the largest payroll in b...
Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse
“BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top five Uniswap pools contain USDC,” Tean...
South Korean judge dismisses warrant for individual involved in Terra collapse: Report
In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country. The warrant for Yoo ...
Stablecoins shed $38B since May as yields plunge, projects collapse
An estimated $148.7 billion worth of stablecoins are still in circulation. According to the latest data from DefiLlama, the overall circulation of stablecoins has decreased by approximately $38 billio...
Do Kwon is set to lose his South Korean passport amid investigations into Terra collapse
Join Our Telegram channel to stay up to date on breaking news coverage South Korea is set to revoke the passport of the co-founder of Terraform Labs, Do Kwon. This comes amid growing pressure on the c...
Korean police reportedly arrest first person involved in Terra collapse
The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle. After months of investigation without a single arrest and the main offender on the run teasing the enforcers on Tw...