Deus Finance’s stablecoin Dei (DEI) is the latest stabelcoin to lose its 1-to-1 peg to the U.S. dollar. The coin is currently trading at $0.64, as this drop follows several algorithmic stablecoins los...
Tag: Loses
Luna Foundation Guard Loses 80,000 Bitcoin Worth Over $3B due to UST Crash
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge. Following the crash of controversial stablecoin UST, the Luna Foundation Guard (LFG) ...
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the ...
Algorithmic Stablecoin From DEUS Finance Loses Dollar Peg, Plunging 30%
DEI, a hybrid algorithmic stablecoin from the DeFi protocol DEUS Finance, lost its dollar peg on Sunday, according to data from CoinMarketCap. The DEI stablecoin currently trades at $0.66 after recov...
After Terra’s UST, This Stablecoin Loses it’s Peg.What’s The Future Of Stablecoins? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After U...
Fantom-based DEI Stablecoin Loses Peg to Dollar, Falls 34% in Last 7 Days
33 mins ago | 2 mins read Editors News The lack of liquidity was attributed in part to traders fleeing stablecoin pools. DEI’s price was $0.67 yesterday, down 31.9 percent in the last 24 hours. Stable...
Bitcoin (BTC) Price Loses Bullish Momentum, Falls Under $30K
The price may begin a new negative wave if it falls below $28,000. If BTC breaks through the $30K level, a new upward trend may be on the horizon. Over the last two weeks, the cryptocurrency markets h...
Neo price analysis: NEO loses value a $10.21 after bearish run
NEO price analysis has revealed the cryptocurrency market to maintain a partial bearish momentum with strong conservation possibilities as the price moves steadily downwards. For example, the NEO/USD ...
Apple Loses A Major Title
Apple (AAPL) – Get Apple Inc. Report just lost a coveted title. The iPhone maker snagged that crown in 2020 on financial performance that made investors dizzy on strong sales of its hardware &...
Lido Warns Leveraged Traders at Risk of Liquidation as ‘Staked Ethereum’ Loses Peg
Lido today warned staked Ethereum, or stETH, holders that the token’s peg to Ethereum has slipped, leaving them at risk of having their collateral liquidated, or sold, to make up the difference. When ...
El Salvador Loses $40 Million Amid High Bitcoin Volatility
El-Salvador, a country in Central America reported that due to the recent fluctuation of the cryptocurrency, Bitcoin, it has bagged numerous losses leading to about $40 million as noted by Bloomberg i...
Bitcoin Waiting For Bears To Come Out Of The Bushes As Stablecoin Loses Stability
Luna, the existing crypto for the Terra network besides its stablecoin TerraUSD, recently subsided to the $0 mark. The overall market, including Bitcoin (BTC) and Ethereum (ETH) also seen a plunge in...
Venus Protocol Loses $11M Due to Chainlink Suspension of LUNA Price Oracle
Decentralized finance (DeFi) protocol Venus has been added to the lengthening list of those affected by the collapse of the Terra ecosystem this week. The Venus Protocol has been hit hard by the colla...
Venus protocol loses $11 million to attackers 1
Venus protocol has announced that it encountered loss as attackers took advantage of the LUNA price decline to hit its platform. According to new reports, Venus protocol is not only the platform explo...
LUNA Crypto Left Worthless Following UST Stablecoin Loses Its Peg
Luna, which is the existing crypto for the Terra network besides its stablecoin TerraUSD, has subsided to the $0 mark. Even the TerraUSD (UST) witnessed a break of its one-to-one Dollar peg. It is t...
Tether (USDT) Loses Peg As Mayhem in Stablecoin Continues
Tether (USDT) lost its dollar parity on Thursday as UST’s debacle sent shockwaves across the stablecoin market amid serious sell pressure in the wider industry. According to CoinMarketCap, the slump h...
Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K
“On Bitfinex the Tether peg is >1$ while on Kraken it is slightly lower than 1$. This has resulted in arbitrageurs buying USDT cheap on Kraken and selling it on Bitfinex for profit. While oth...
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...
Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
Key Takeaways Tether’s USDT has lost its peg to the dollar. USDT briefly traded as low as $0.95 before recovering to $0.99. Several other stablecoins are trading above their $1 target, while UST...
SAND price analysis: SAND loses value at $1.1
SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.2 mark. O...
World’s Biggest Stablecoin Loses $1 Peg As Crypto Market Crashes
Topline The price of Tether, the world’s biggest stablecoin and a cornerstone of the cryptocurrency ecosystem, slipped away from its $1 peg on Thursday, intensifying worries amid a market-wide crash a...
Terra (LUNA) Loses Nearly $39B Market Cap In 5 Weeks, Crypto Users Lament
– Advertisement – As LUNA continues its free fall, cryptocurrency users have expressed concerns about the massive dip’s ripple effect on the entire market. In what may seem like a rug pul...
As Terra’s UST Loses Its Dollar Peg, Concerns About USDT & USDC Stability Hype!
As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its p...
Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUST Struggles To Regain Its Dollar Peg
Do Kwon, co-founder and chief executive officer of Terraform Labs, poses in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Photographer: Woohae Cho/Bloomberg © 2022 Blo...
Amazon loses momentum slumping to 52-week lows
E-commerce behemoth Amazon (NASDAQ: AMZN) reached a new 52-week low on May 10 as the rout of FAANG names continues. The basket of large-cap technology names, endearingly termed FAANG, are down by doub...
Trump-Backed Gov. Candidate Loses GOP Nomination
Topline Jim Pillen has won the Republican nomination for Nebraska governor, the Associated Press said Tuesday evening, defeating Trump-endorsed candidate Charles Herbster, who spent the final weeks of...
Mike Gets No Love Galaxy Digital Loses $111 Million In The Midst Of The Crypto Bloodbath
The resource the executives segment of Galaxy, Galaxy Digital Asset Management (GDAM), revealed $2.7 billion in resources under administration, with $2 billion in Galaxy Fund Management items and $735...
EA Sports Loses Rights To ‘FIFA’ Brand For Soccer Video Games After Talks Fail With Soccer’s Governing Body
Topline One of the world’s most popular video games is about to undergo a major rebranding, after world soccer governing body FIFA and gamemaker EA Sports failed to reach an agreement to continue a ne...
Apple loses director of machine learning over its office return policy
Last week, a group of Apple employees wrote an open letter criticizing the company’s hybrid work-from-home policy, which requires employees to be at the office three days a week starting May 23r...
LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue – Market Updates Bitcoin News
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowe...
Crypto’s worst week since March 2020 Covid crash – Retail spooked and UST loses peg
A truly torrid week is being experienced by the crypto market as a whole. Bitcoin has fallen 25% so far, and lost 13% amidst frantic selling yesterday. The crypto market had nearly $200 billion erased...
Unity Software loses $5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’
Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.0...