USDT Tether Loses Parity With the Dollar for a Moment. It May End Up Like LUNA’s UST?
The stablecoin Tether (USDT) traded below $0.993 early Thursday morning, down 0.6% from its original peg of $1 as traders weighed the possible impact of contagion
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FTX Woes Escalate
Japaneses authorities have asked FTX to suspend its operations in the country. California regulators will open up an investigation on the failure of the crypto exchange.
Bitcoin Remains Under Immense Pressure below $17.5k
Bitcoin prices are higher but the implosion of FTX has heavily impacted BTC, forcing Bitcoin prices to new 2022 lows at $15.5k.
Crypto Market Rebounds; Bitcoin, Ethereum, Altcoins Pump
The crypto market seems to have recovered after the FTX event that shattered the digital asset sector. Bitcoin (BTC), Ethereum (ETH) along with major altcoins are
Crypto Lender BlockFi Halts Withdrawals
In the wake of FTX’s turmoil, the crypto lender, BlockFi has announced its decision to halt further withdrawals and transactions. The decision is directly related to
Tether Has No Plans to Rescue FTX
FTX enjoyed the heights of success at its peak. It had millions of customers around the globe using the exchange for countless transactions. Things took a
USDD Stablecoin Loses Its Dollar Peg in Latest Market Meltdown
The value of stablecoins is supposed to stay constant. Considering how the crypto market has suffered a meltdown yet again, it is hard to say that.
Sam Bankman-Fried’s $16 Billion Fortune is Wiped Out
Sam Bankman-Fried, previously considered to be one of the crypto industry’s heavy hitters, has been removed from Bloomberg’s list of billionaires after a string of financial
Why did the Agreement Between Binance and FTX Fail?
A day after agreeing to rescue FTX, Binance has unexpectedly walked out of the non-binding deal. The world’s largest crypto exchange, Binance, pulled out of the
Coinbase CEO Criticizes Unclear Regulations Driving Trading Activity Offshore
The cryptocurrency market lost ground shortly after the FTX crisis, which is now a hot topic known to many. As a direct consequence of the exchange’s
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