A Kyiv resident Yuri Popovich said he lost almost his entire family savings as a result of the UST collapse. According to the Ukrainian, he invested all his savings (nearly $10,000) into the stablecoi...
Tag: Meltdown
Celsius Network Partly Responsible for Terra Meltdown, Says Nansen
Blockchain analytics firm Nansen says that multiple parties were involved in the sell-off that led to a “death spiral” for TerraUSD. Research firm Nansen confirms that multiple entities were involved ...
Seven Wallets May Have Caused Terra Meltdown: Nansen
Key Takeaways A new report by Nansen claims seven wallets triggered the UST depeg. The relative lack of liquidity in the Curve pools securing UST to other stablecoins could have initiated its price de...
ETH Co-Founder Lashes Out At DeFi Model Following Terra Meltdown
Ethereum (ETH) co-founder Vitalik Buterin warns folks of risks related to automated stablecoins. ETH co-founder highlighted earlier that he’s no longer a billionaire. Ethereum (ETH) is currentl...
Terra Luna Meltdown: Lessons For The Future Of Stablecoins
– Advertisement – The past two weeks have been a rollercoaster for crypto enthusiasts. One of the most praised projects, Terra Luna (Luna hereafter), a platform that issues an algorithmic ...
Ripple’s CEO Explains What Crypto Needs Most to Survive After the UST Meltdown
Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more impor...
Mastercard Exec Remains Optimistic On Crypto Despite Market Meltdown
Despite the current market volatility, dynamic and enterprising executives and investors are optimistic about the crypto industry’s long-term potential, despite its current turmoil. Mastercard has ado...
Despite Terra Meltdown, DeFi Evangelists Still Bullish in Nature
DeFi defenders contend that there is as yet a spot in DeFi for algorithmic stablecoins, notwithstanding Terra’s accident One master says that you really want a solid portion of confidence to put stock...
What you should know about DeFi’s meltdown after Terra’s episode
The bear market that pulled down cryptocurrencies and NFTs alike is currently on to its next target. It seems that the DeFi segment is next-in-line for a bloodbath. DeFi’s Total Value Locked has falle...
DeFi Evangelists Still Bullish, Despite Terra Meltdown
DeFi proponents continue to champion algorithmic stablecoins, despite Terra’s recent collapse and general apprehension around stablecoins. Following the crash of the stablecoin Terra (UST), supporters...
Terra’s meltdown highlights benefits of CEX risk-management systems
The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (...
After Meltdown, Tech-Bottom Signals Have Yet to Scream ‘Buy Now’
(Bloomberg) — Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope. Most Read from Bloomberg Tech stoc...
Following Crypto Meltdown, Bill Eyes to Prevent Bitcoin Retirement Accounts From Fed Ban
Following the crypto meltdown last week, a group of Republicans in Congress has proposed a bill that would protect the right of investors to add Bitcoin to 401(k) retirement plans. The bill, if ...
Here’s What Galaxy Digital CEO Mike Novogratz Thinks About UST and LUNA Meltdown
On Twitter, Mike Novogratz, Founder, and CEO, of Galaxy Digital (GLXY.TO), shared his views about UST and LUNA meltdown via a public letter linked to the tweet. Due to the macro backdrop, the reserve...
Avalanche Plummets Double-Digits as Crypto Meltdown Continues
Several tokens backing so-called Ethereum killers have posted double-digit losses over the past 24 hours, with Avalanche leading the bearish action. Avalanche (AVAX), the native token of the smart-con...
Following Crypto Market Meltdown, Wall Street Giant Forecasts NFT Prices
Over the past week, major cryptocurrencies, including Bitcoin and Ethereum, experienced a massive downturn. The collapse of Terra is being considered partially responsible for it. The price of the fl...
Crypto Meltdown? What Crypto Meltdown? Bitcoin Mining Still in Full Swing
Crypto Meltdown? What crypto meltdown? The Bitcoin mining industry continues to move forward as if nothing ever happened. Who is afraid of the fall of cryptocurrencies? Certainly not the mining farms ...
LUNA Meltdown Doomed To Get Worse After Shocking Departure Of Terraform Labs Legal Team ⋆ ZyCrypto
Advertisement     Doom and gloom pervade the Terra ecosystem as the in-house legal team flees Terraform Labs, the development company behind the ill-fated Terra blockc...
Interview: GlobalBlock’s Sotiriou discusses Terra meltdown & Tether contagion
Fear and panic have spread through the cryptocurrency markets all week following the shocking collapse of the Terra ecosystem. The UST stablecoin, once worth $18 billion, entirely lost its peg and bro...
Following Terra’s Meltdown Celsius Network CEO Says Not All Stablecoins Are Stablecoins
Alex Mashinsky, the CEO of Celsius Network, believes that crypto market participants should know that not all stablecoins are designed in the same way. Stablecoins are crypto-assets built in a way th...
How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown
The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is...
Terra Meltdown Concerns European Officials; Renews Call for Legislation
European officials have called for immediate regulation of crypto in light of the Terra-led market crash. Bank of France Governor Francois Villeroy de Galhau said at a conference: “Crypto-assets could...
Institutions Poured $300M Into Bitcoin Funds During Terra Meltdown: Report
Bitcoin price volatility seems to have been a sale klaxon for institutional investors last week, some of which poured $299 million into exchange-traded Bitcoin funds, according to a new CoinShares rep...
Stablecoin Meltdown, CBDCs and UK Ambitions
Last week in crypto will go down in history as one of the most turbulent ever. Be[In]Crypto has rounded up the hottest stories in the ecosystem for your digest ranging from Terra’s debacle, CBDCs rush...
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown – Regulation Bitcoin News
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service prov...
DeFi Lending Sector Sees Investor Exodus Amid Market Meltdown
Industry analytics firm DappRadar has just released a report on the situation, and it doesn’t look pretty. On May 13, the firm reported that DeFi’s total value locked (TVL) is down more than 40% over ...
Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown – Mining Bitcoin News
Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at b...
GBP/USD Weekly Price Forecast – The British Pound Continues to Meltdown
British Pound vs US Dollar Weekly Technical Analysis The British pound initially tried to rally during the trading week, but then fell apart as it looks like we are going to continue to see a massive ...
Luna’s meltdown will live on in infamy, May 5–11, 2022
Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sob...
Here’s what USDC is doing right to maintain certainty amidst Terra’s meltdown
It was only a week ago when the stablecoin economy got awfully close to surpassing the $200 billion mark. But Terra’s recent collapse changed all that. At press time, the stablecoin market capitalizat...
Bitcoin Billionaire Fortunes Plummet in Crypto Meltdown
It’s an early May to forget for crypto billionaires. In a few days they saw their efforts reduced to nothing. For years they fought to convince the general public and the authorities that bitc...
We’re Only “Halfway There”—Insiders Warn Of 80% Meltdown As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin In Free Fall
This week brought the most brutal crypto rout of 2022. Yesterday, the bitcoin price was down 26% for the week. Ethereum’s price crashed 35%, BNB BNB 41%, dogecoin 42%, cardano 44%, XRP XRP 39%, solana...