Bitcoin was recently trading above $31,000, up nearly 6% over the past 24 hours and more than 16% from the $26,600 depths it sank to mid-Friday. “Bitcoin did indeed face downward pressure that saw it losing the $30K support, but it did not fall below the 25K level,” Joe DiPasquale, the CEO of crypto fund […]
On the bright side, somehow bitcoin didn’t completely collapse. Over 80,000 BTC from that almost $4 billion treasury was potentially sold (we can’t yet confirm if the bitcoin was actually sold, but it was sent to exchanges) during the mad dash to get UST back to $1. That caused a price reaction, sure, but then […]
Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong
Etherscan, CoinGecko, DeFi Pulse and other sites displayed a suspicious pop-up asking users to connect their wallets.
According to sources, the BCRA’s decision generated bewilderment among the numerous exchanges operating in Argentina, which have recorded high growth rates in the last three years, largely because Argentines are not prevented from acquiring dollar-pegged stablecoins on their platforms. Consequently, in 2021, for example, the use of stablecoins increased sixfold, with DAI leading the way.
“The extent of the damage caused from the depegging of recent stablecoins, and collapse of LUNA is unknown and will likely continue to play out in the weeks to come, but we expect that recent events in the crypto market to be catalysts for regulation, particularly around stablecoins, which we think would be welcomed by […]
“We also have the capability to offer bitcoin futures and options trading, with such trades executed this week on the CME with Cumberland DRW, marking the first digital asset trades for Nomura,” Rig Karkhanis, the bank’s head of global markets for Asia ex-Japan, said in the statement.
Traditional market investors risked off publicly traded companies related to the crypto sector amid a drop in prices this week.
Pennsylvania Congressman Glen Thompson has proposed a thoughtful, well-formulated blueprint for “crypto regulation” that aligns with the U.S. Treasury Department’s proposals.
Still, other cryptocurrencies fared far worse, a sign of the risk-off environment that has investors veering away quickly from any asset with a whiff of risk. Ether, was trading at about $1,960, off about 5% after dipping under $1,800 earlier in the day, the first time since last July it had sunk below $1,800. In […]