Market Wrap: Cryptos Extend Losses as LUNA Plunges
11.5.2022
Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection
Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
11.5.2022
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
11.5.2022
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday
Do Kwon Is the Elizabeth Holmes of Crypto
11.5.2022
If you promise investors something impossible, is it a crime?
Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion
11.5.2022
To date, the SEC has approved several futures-based Bitcoin ETF products, but has delayed or outright rejected all spot Bitcoin ETF applications
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
11.5.2022
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk
Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services
11.5.2022
In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers
Independent Russian News Site Meduza Raises Over $200,000 in Crypto
11.5.2022
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing...
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
11.5.2022
A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value
Why did Terra LUNA and UST crash? | Find out on The Market Report
11.5.2022
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown
AMC Calls Crypto Adoption a ‘Massive Home Run,’ but Wary of Regulatory Challenges of Coin Issuance
11.5.2022
The American entertainment industry giant AMC Entertainment Holdings has expanded on its crypto and non-fungible token (NFT) plans – claiming that it has “eight different NFT programs that either already have been launched or are in the works,” but adding that it will only press ahead with...
EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows
11.5.2022
The tough approach could see rivals to fiat currency outlawed in the bloc