$ 60 billion Terra washout not crypto’s Bear Stearns moment: regulators

WASHINGTON – It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular US dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps … Read more

$ 60 billion Terra washout not crypto’s Bear Stearns moment: regulators

WASHINGTON – It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular US dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps … Read more

This is what’s next for Terra as the failed crypto project attempts a new path forward

This week, backers of the failed cryptocurrency project Terra voted to revive the initiative, with a new luna blockchain and token – and without its controversial algorithmic stablecoin, TerraUSD. The founders had been seeking the next step forward for the project that crashed as quickly as it took off. The collapse of the Terra project … Read more

Rep. Madison Cawthorn discloses Let’s Go Brandon cryptocurrency buy

Newly elected US Rep Madison Cawthorn (R-NC) speaks as supporters of US President Donald Trump gather at the White House ahead of Trump’s speech to contest the certification at the US Congress of the results of the 2020 US presidential election in Washington, US, January 6, 2021. Jim Bourg | Reuters Rep. Madison Cawthorn on … Read more

Cryptocurrency firms hope bear market will remove bad players

Executives from the blockchain and cryptocurrency industry told CNBC that the recent crash in the digital coin market should help get rid of “bad actors” in the space. Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of … Read more

RadioShack is back as a cryptocurrency swap platform – and it has hit a major milestone

RadioShack is back as a cryptocurrency swap platform – and it has hit a major milestone | Fortune You need JavaScript enabled to view this website.

A16z Crypto’s Record New $ 4.5 Billion Fund Doubles Down On Web3 Amid Market Crash

Midas List No. 1 Chris Dixon and co. have a record-sized crypto fund to deploy in another reset of valuations and coin prices that has not come without a human cost. Ethan Pines / The Forbes Collection Amid a market price collapse, one of crypto’s most influential venture capital firms is loading up. Andreessen Horowitz … Read more

Andreessen Horowitz raises $ 4.5 billion crypto fund in down market

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $ 4.5 billion fund for … Read more

Crypto firms take over main street in Davos, even after market crash

DAVOS, Switzerland – Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade, a main strip where companies and governments take over shops and bars during the week … Read more

IMF head says stablecoins not backed by assets are a pyramid, hinting at UST

DAVOS, Switzerland – Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD and luna that sent shockwaves through the cryptocurrency market. Stablecoins are a type of cryptocurrency that aims to track another asset. In the … Read more