A threefold solution to the collapse of TerraUSD is one that has a combination of independence, transparency and clear segregation. By Wiehann Olivier.
Browsing: Cryptocurrencies
When people ask whether crypto will come back, the answer is yes, absolutely it will come back, but 98% of it won’t.
El Salvador’s big bet on bitcoin has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings.
Cryptocurrency can supplement mobile money in Africa if regulators can be convinced of its benefits, according to the CEO of Kenya’s biggest lender by market value.
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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?
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.
Cryptocurrencies nursed large losses on Friday, with bitcoin set for a record losing streak as the collapse of TerraUSD rippled through markets.
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.