Thursday, May 12, 2022

Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
USDT has fallen below peg in the past, but its always managed to recover. USDT Takes a Hit Following UST Crash Tethers USDT is trading below $1. The worlds biggest......

Terraform Labs Shares “Emergency” Plans as LUNA Breaks Below Five Cents
Terraform Labs has endorsed a plan to accelerate the UST burn rate in an attempt to save Terra from collapsing. Terra Aims to Avoid Collapse Terra is still in crisis......

DeFi Exchange Curve Finance Tops $6.8B Daily Volume
Curve Finance, the largest decentralized crypto exchange, has registered more than $6.8 billion in daily trading volume across all chains. Curve Volume at All-Time Highs Crypto prices may be falling,....

Crypto Market Continues Freefall as Bitcoin, Ethereum Tank
The global crypto market cap has fallen to $1.2 trillion, down 60% from its peak. Crypto Market Bleed Continues When it rains, it poursnot least in crypto. The digital assets......

Cardano and Polygon at Risk of Freefall
The bloodbath in the cryptocurrency market may have no end in sight, and Cardano and Polygon are showing signs of weakness. Cardano and Polygon On the Edge Cardanos ADA and......

The Terra Blockchain Has Been Halted
The development follows LUNAs death spiral and crash below one cent. Terra Blockchain on Pause The Terra blockchain is on standstill. The Terra blockchain was officially halted at a block......

Global Crypto Regulation Is Coming According to Top Official
Ashley Alder, Chair of the International Organization of Securities Commissions, has predicted increased oversight of cryptocurrencies from global market regulators, with the launch of an official bod...

Binance Cuts Bitcoin-LUNA Perps as CZ Warns Against Algorithmic Stablecoins
It comes after Binance CEO Changpeng Zhao issued a stark warning to respect the market, with a level of caution. Binance Delists COIN-Margined LUNA Perpetuals Binance is taking further steps......

Ex-Diem Head David Marcus Launches Crypto Startup
David Marcus, who formerly headed Facebook and Meta’s Diem stablecoin project, is founding a new crypto company. David Marcus Unveils Lightspark Marcus wrote on Twitter today that he and a......

Senate Confirms Jerome Powell to Second Term as Fed Chair
The Senate has confirmed Jerome Powell to serve another four-year term as the leader of the Federal Reserve. As chairman of the Federal Open Market Committee, the Fed’s monetary policymaking......

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