Ethereum
Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.” Source link
Month: May 2022
Bitcoin
Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000
The effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains […]
Market Analysis
Brock Pierce Weighs In On Terra Stablecoin Crash
Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on the demise of TerraUSD as well as the market crash. Users of the coin have reportedly lost millions of dollars […]
Regulation
Coinbase Co-Founder Fred Ehrsam Buys the Dip, Purchases $75M of Company Stock
Last week’s purchases came with Coinbase shares tumbling more than 70% in 2022, and off more than 80% from the all-time high hit shortly after the company’s IPO 13 months ago. Ehrsam and related entities […]
Ethereum
There Was No Terra ‘Attack’
There’s a natural impulse to want to protect people who might not understand those risks. At the same time, a major promise of crypto was opening up capital markets to people who wouldn’t qualify to […]
Market Analysis
Solana on the Verge of Major Price Movement
Key Takeaways Solana is up by more than 40% from the $36.20 low hit on May 12. Still, the token appears to be locked in a consolidation pattern. An hourly close outside the $49-$58.80 range […]
Ethereum
It’s Not Just LUNA. Terra’s DeFi Apps Have Hemorrhaged $28B
As widely reported, much of the lost value was on the lending protocol Anchor, which took the biggest hit, the data show. It held more than $17 billion on May 6 and locked up just […]
Bitcoin
Bitcoin Heads for Record 8-Week Losing Streak
Put/call ratios for bitcoin open interest hit a 12-month high of 0.72 Thursday, research firm Delphi said in a note Friday, adding that the data indicated “bearish sentiment among investors.” Similar ratio levels were reached […]
Regulation
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) […]
Ethereum
DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange
The new funding included $20 million from institutional investors IV Ventures, Cobo and Mirana, among others. More than half of that total came from a voucher sale on the bond-focused Solv Protocol. iZUMi also sold […]