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.
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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.
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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.
The Central African Republic’s adoption of bitcoin has puzzled the cryptocurrency world and prompted caution from the International Monetary Fund.
Central African Republic has adopted bitcoin as an official currency, becoming the first country in Africa and only the second in the world to do so.Â
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Bitcoin is tipped to extend losses as investors shy away from risk assets amid a reassessment of the pace and magnitude at which the US is set to tighten policy.