Tether, USDC and others lost their prized pegs to the dollar last week. But was it an isolated outburst, or are they losing their soul?
Author: Agency Staff
Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter, saying a viable deal at a lower price wouldn’t be “out of the question”.
SpaceX employees are offering to sell shares via a private placement that would value the firm at $125-billion, sources said.
The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.
Last week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
The rand fell in early trade on Monday amid subdued risk-taking as investors sought safety due to fears about global growth and the impact of load shedding.
Elon Musk put his $44-billion deal for Twitter “temporarily on hold” on Friday while he awaits data on the proportion of its fake accounts, sending the shares in the social media platform plunging.
Cryptocurrencies nursed large losses on Friday, with bitcoin set for a record losing streak as the collapse of TerraUSD rippled through markets.
A selloff in technology stocks is spreading from more speculative shares to the world’s biggest companies.
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.