The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.
Browsing: Cryptocurrencies
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.
Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering the implications of the tumult for the broader market.
Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalise on its dramatic drop.
Tanzania is edging closer to introducing a central bank digital currency to help counter the rising popularity of cryptocurrencies in the East African nation.
Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies.
Promoted | South African bank savings accounts actually result in an erosion of people’s investments. Thankfully, there is now a solution.
Over the weekend, bitcoin’s price hardly budged. On Monday, the coin posted a negligible 0.02% drop. On Tuesday, it was yet again unchanged.