Terra peg mechanism in doubt as UST crashes to $0.67
TerraUSD and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem. The third-largest stablecoin by market cap,…
Environmental groups urge US government to take action on crypto miners
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. A group of eight organizations focused on…
Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip
Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly. The similarity in price action between…
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S., given the growth of the…
10-month BTC price lows spark $1B liquidation as Bitcoin eyes $35K CME futures gap
Long positions suffer across Bitcoin and altcoins as BTC gets sent back to exchanges for potential sale. Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000…
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have…
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has…
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
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…
Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are…
Michael Saylor assuages investors after market slumps hurts $MSTR, $BTC
As MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans. MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC…
The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. The United States Federal Reserve Board released its semiannual Financial…
Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat?
MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon’s partnership with Meta. Polygon (MATIC) price reversed course to the upside on May…
What are the top social tokens waiting to take off? | Find out now on The Market Report
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the top social tokens a the moment. “The Market Report” with Cointelegraph is live right now. On this…
Michael Saylor: MicroStrategy Could Post Some Other Collateral for its Loan Besides its 115k BTC, if Bitcoin Drops below $3,562
Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some…
KuCoin Raises $150M in Pre-Series B Funding at a $10B Valuation
Quick take: KuCoin has raised $150 million in a pre-series B funding round at a $10 billion valuation The funding round was led by Jump Crypto with additional participation by…