According to South Korea’s local media reports, two South Koren financial authority agencies have started “emergency” investigations into local crypto exchanges in response to the collapse of Terra. I...
Tag: Crisis
The Ukraine war is creating a jobs crisis in Russia — Quartz
As companies flee Russia, their Russian employees are seeing their jobs suddenly vanish. Tens of thousands of such employees will be cut loose into an economy where inflation is at a 20-year-high, and...
Crypto Funds Saw Year’s Highest Inflows as Terra Crisis Crashed Markets
The flurry of investment came as bitcoin (BTC) dipped to as low as $25,892 on Thursday amid fears Luna Foundation Guard, the organization that was supposed to support UST in a crisis, might panic-sell...
South Korea Toughens Up Investigations Over Terra (LUNA) Crisis
South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading. Gaming...
South Korean government pushes for a faster approach to crypto regulation amid LUNA token crisis
South Korean financial authorities have launched an emergency study of cryptocurrencies, which is designed to help them pass the “Digital Asset Basic Act,” the country’s upcoming cryptocurrency regula...
Do Kwon says he is ‘heartbroken’ in new statement, claims no UST or LUNA sold during crisis
Terraform Labs co-founder and CEO Do Kwon broke his social media silence early Friday evening with a trio of tweets about the collapse of Terra’s LUNA token and associated stablecoin, UST. Get Y...
Blackrock Abandons China, Sunac Liquidity Crisis, and Unemployment Rises in China – crypto.news
China’s economy is experiencing one of its most challenging times. One of the leading American-based investment companies, Blackrock, recently abandoned China’s bullish call. The Multinational company...
Galaxy CEO NoWhere On Twitter Since Terra Crisis, Has Billionaire Mike Novogratz Lost Money In Luna’s Price Crash
Billionaire Mike Novogratz Loses Money In Luna’s Price Crash. Over the last week, Terra Luna and its sister Stablecoin UST have experienced a sharp market decline that is now described as a tot...
Binance CEO Says Axie Infinity Handled Its Crisis Better Than Terra With UST Depeg
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange expressed his disappointment in the way Terraform Labs handled the recent LUNA and UST collapse. Zhao said that the team be...
How Safety Concerns At An Abbott Facility Fueled A Crisis
Topline When Abbott Laboratories, one of the largest manufacturers of baby formula in the U.S., closed a facility in Michigan in February after the Food and Drug Administration announced it was invest...
Anchor token plunges 70% amid worsening UST and Luna crisis
Anchor Protocol’s token called Anchor (ANC) has lost more than 70% in the last day, in part due to a sharp decline of overall deposits on the protocol and TerraUSD (UST) stablecoin failing to meet its...
Tether Loses Dollar Peg Amid Ongoing Stablecoin Crisis
Tether (USDT), the world’s largest stablecoin, briefly dropped 5% on Thursday, falling as low as $0.95. The stablecoin has recovered some but is still trading at $0.98, according to data from CoinMark...
Republicans Are Warming To Biden’s Handling Of Ukraine Crisis, Poll Finds
Topline Though public opinion on the Biden Administration’s response to the war in Ukraine remains divided along party lines, Republican disapproval has fallen by 12 percentage points in the past two ...
Economist who predicted 2008 financial crisis says ‘U.S. economy is about to shut down’
Economics and financial experts are predicting what will happen next in the wake of recent price increases and the general inflation which have impacted the United States economy. In light of recent ...
Crypto being used as scapegoat again – this time as potential financial crisis catalyst
Cryptocurrencies are constantly blamed by mainstream media for this and that issue. Being compared to the subprime mortgage bust of the 2000s is just the latest scaremongering. The entire crypto asset...
Industry Is Driving The Global Water Crisis. Investors Can Help It Reverse Course.
Industry has chronically undervalued and undermanaged global freshwater. Canva Sure, your favorite cotton T-shirt is comfortable, but at what cost? 2,720 liters of water, to be exact. Water is among o...
Neighbors In Crisis, Uzbekistan Shifts Focus To Investment
President of Uzbekistan Shavkat Mirziyoyev, center, takes a tour of the Capitol Rotunda with Rep. … [+] Trent Kelly, right, on May 17, 2018. (Photo By Tom Williams/CQ Roll Call) CQ-Roll Call, In...
How much difference will the rising global energy crisis make on Bitcoin mining?
Most energy we use comes from exhaustible fossil fuels that are meant to raise prices following the decrease in their quantity and are sure to go to affect bitcoin mining Recently in a report, the Wor...
A looming global energy crisis could directly affect Bitcoin miners
The World Bank recently reported that global energy prices could remain “historically high” until 2024. They expect energy prices to “rise more than 50% in 2022.” Given that energy is the only direct ...
How Water Became A Weapon, The Caribbean’s Food Insecurity Problem And From Blog To $25 Million Business
It’s been a busy week on the food and agriculture beat: There was the House Agriculture Committee hearing featuring top meatpacking CEOs, there was Beyond Meat’s pop from McPlant fake news, and ...
Crypto users’ positive sentiment despite the upsurge in economic crisis
TL;DR Breakdown Crypto service users’ spike in investments despite emerging global concerns. The US stays at the top in lending its service to the crypto platform. TVL is facing a transactional volume...
How Headspace Health is tackling the global mental health crisis
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2013, the idea of an app for mental health-care may have seemed novel, if not monume...
China in ‘deep crisis’, says Hong Kong private equity chief
The founder and chair of one of Asia’s biggest private equity investors has criticised the Chinese government for policies that he says have resulted in a “deep economic crisis” comparable to the glob...
The Looming Debt Crisis About to Make Everything Worse
(Bloomberg) — Most Read from Bloomberg It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lo...
Californians May Face ‘Unprecedented’ Full Watering Ban Due To Drought Crisis
Topline In what would be Southern California’s most drastic water conservation effort yet, the region’s Metropolitan Water District (MWD) announced Wednesday it may ban outdoor watering completely in ...
SushiSwap 2.0 Reveals Restructuring Plans After Months of Internal Crisis
SushiSwap has come up with a restructuring plan after the exodus of developers and talent in the past months. In the latest blog post, the popular DEX acknowledged the internal crises that plagued the...
How The Supply Chain Crisis Is Being Solved
370225 03: Tractor-trailer rigs are parked at the Petro truck stop May 29, 2000 in El Paso, TX. Many … [+] of the rigs now have modern wireless communications as well as cable television, refrig...