Advertisement     In what will surely be a historic week in the crypto world, Terra’s LUNA, the crypto that backs its dollar-pegged algorithmic stablecoin UST lost ove...
Tag: Collapse
Senate Confirms Fed Chair Jerome Powell To Second Term As Inflation Spikes And Markets Collapse
Topline The Senate on Thursday confirmed President Joe Biden’s appointment of Jerome Powell to a second term as Federal Reserve Chair, solidifying the central bank’s top leadership as it raises ...
Cardano Founder Charles Hoskinson Says Fears of Crypto Market Collapse Overblown, Sets Timeframe for Recovery
Cardano (ADA) founder Charles Hoskinson says large corrections are routine parts of the crypto industry and that the hysteria surrounding the latest market crash is inflated. In a new video update, Ho...
Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST)
U.S. Secretary of the Treasury Janet Yellen is calling for legislation that will regulate stablecoins to eradicate the risks she believes they pose to financial stability. While testifying before the ...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse – Featured Bitcoin News
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchan...
Cardano’s Hoskinson Says ‘Best-to-Market’ Crypto Could Help Avoid Economic ‘Collapse’
Charles Hoskinson wants you to “wake up.” In a Twitter broadcast on Tuesday night, the Cardano founder and Ethereum co-founder warned of a “dystopian future” brought on by hyperinflation and governmen...
Global economy ‘will collapse’ as it ‘cannot sustain itself’
The cryptocurrency market continues to suffer drops as more money continues to outflow from its market capitalization as the bearish mood among traders and investors takes impact, with several of the ...
ViaBTC Capital｜The Collapse of LUNA
Timeline of the Collapse: -In the early morning of May 8, to prepare for the 4Crv Pool, Luna Foundation Guard (LFG), a Singapore-based non-profit that maintains the Terra network, removed $150 million...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
Trader Who Accurately Called Bitcoin Collapse Below $30,000 Unveils Target Price for BTC Amid Crypto Free Fall
A crypto strategist and trader who has long predicted a massive Bitcoin crash below $30,000 is revealing how low he believes BTC will go. The pseudonymous crypto analyst Capo tells his 289,400 Twitter...
Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less ...
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
“After this analysis, we felt, and continue to feel, that UST will ultimately maintain its peg and a number of attractive opportunities had become available,” Arca CEO Rayne Steinberg wrote to investo...
Terra USD Collapse Exposes Critical Flaw in Bitcoin, Peter Schiff Insists
Yuri Molchan Prominent BTC critic Schiff opines on why the collapse of UST has exposed a major flaw in Bitcoin and crypto overall The CEO of Euro Pacific Capital, gold bug Peter Schiff, has taken to T...
South Korean Exchanges Warn LUNA Investors as UST Collapse Mirrors TITAN Saga
After a dramatic 90% market crash, LUNA, trading below $5, is now deemed a “cautionary item” by the popular South Korean cryptocurrency exchange UpBit. Investors are unnerved after the embattled crypt...
LUNA price forecast: can the token recover after its collapse?
Terra LUNA/USD is a decentralized finance blockchain that aims to build a powerful global payments network. It was specifically developed to disrupt the traditional banking system through the mass ad...
Janet Yellen Says UST’s Collapse Illustrates Risks to Financial Stability
Alex Dovbnya Terra imbroglio has gone all the way to a congressional hearing During a congressional hearing organized by the Senate Banking, Housing and Urban Affairs Committee, U.S. Treasury Secretar...
Crypto Twitter Reacts to UST Collapse and Market Meltdown
Crypto Twitter was already operating on all cylinders yesterday, as Bitcoin and other top cryptocurrencies plummeted toward lows not seen in over a year. Then Terra’s stablecoin, UST, fell off a cliff...
Treasury’s Yellen Highlights Terra Collapse in Call for Stablecoin Legislation
Treasury Secretary Janet Yellen today said that stablecoins need to be regulated by this year. In a hearing Tuesday, Secretary Yellen said that although digital assets may “promote innovation,” they c...
Following the 18% Daily Collapse, Here Are the Important Levels for XRP
Yesterday marked one of Ripple’s biggest red candles in 2022. Bears were able to push the price down 18% and instill more fear in the market. Technical Analysis By Grizzly The Daily Chart On the daily...
Russia admits it faces economic collapse over Putin’s war
Russia economy war Ukraine sanctions oil energy Kremlin Putin – REUTERS/Shamil Zhumatov Russia is facing its deepest economic decline in almost three decades as it grapples with the fallout from...
Analyst Who Predicted May 2021 Bitcoin Collapse Maps Potential BTC Capitulation Scenario
An analyst who called the Bitcoin May 2021 collapse is laying out possible scenarios for BTC, including a dramatic capitulation event. The pseudonymous analyst known as Dave the Wave tells his 98,000 ...
Bitcoin Collapse Over Past Two Days Explained by This Report
Yuri Molchan Recent analytics data from CryptoQuant offers one of explanations of the recent fall of Bitcoin price Disclaimer: The opinion expressed here is not investment advice – it is provided for ...
Peter Schiff says overpriced tech stocks are ‘going to collapse’ as air comes out of that bubble — here are the top 5 investments he’s making instead
Peter Schiff says overpriced tech stocks are ‘going to collapse’ as air comes out of that bubble — here are the top 5 investments he’s making instead 2022 has delivered a blunt reality check to invest...
The Wall Street Journal Is Dead Wrong About The NFT Market’s Supposed Collapse
The NFT market is thriving, actually. Once again, the Wall Street Journal makes a fool of itself by tackling subjects beyond the publication’s comprehension. The author declares “the NFT market is col...
With New Manager Bob Melvin, San Diego Padres Put 2021 Collapse Behind
San Diego Padres manager Bob Melvin gives signals from the dugout steps during the first inning of … [+] the team’s baseball game against the Pittsburgh Pirates in Pittsburgh, Saturday, Ap...
Here’s a Realistic Target if Bitcoin Crashes, According to Analyst Who Accurately Called May 2021 Collapse
The crypto analyst who predicted the May 2021 market collapse is warning that Bitcoin (BTC) could be due for a notable dip even while he remains long-term bullish on BTC. Popular pseudonymous analyst ...
Hwang’s Spectacular Collapse Culminates in Criminal Charges
(Bloomberg) — Bill Hwang, the enigmatic investor behind one of the most spectacular trading debacles in Wall Street history, was arrested Wednesday morning over what federal prosecutors characte...
Bill Hwang Made a Huge, Secret Bank Bet Before Archegos Collapse
(Bloomberg) — (This story was originally published on November 17, 2021. Today, Archegos founder Bill Hwang and CFO Patrick Halligan were arrested and charged with 11 criminal counts, including ...
Sixers Are Flirting With A Historic Playoff Collapse Against Raptors
PHILADELPHIA, PENNSYLVANIA – APRIL 18: Pascal Siakam #43 of the Toronto Raptors and Joel Embiid #21 … [+] of the Philadelphia 76ers challenge for the ball during the third quarter of Game ...