Dollar
Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0.65 on Monday. Plus, insights on how the UST collapse could pose a risk to the broader crypto ecosystem.
Terra's UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
"Crypto Critics' Corner" Co-host Bennett Tomlin explains what might have gone wrong in the Terra Luna ecosystem leading to the TerraUSD (UST) stablecoin collapse. Tomlin explains the algorithmic stablecoin's dependence on the luna token and addresses the Luna Foundation Guard’s deployment of bitcoin reserves to rectify the price. Plus, a discussion on how centralized crypto exchanges like Binance are reacting to UST losing its peg to the U.S. dollar.
Terra’s UST Loses Dollar Peg; Philippines Expects Marcos Jr Win
UST loses dollar peg as Terra market cap plunges. Coinhako receives full license to provide Digital Payment Token services in Singapore. Marcos Jr. poised to become next Philippine president; Blockchain industry players react. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
How Low Could BTC & ETH Go?
As the crypto markets continue to slide, Valkyrie Co-founder & CIO Steven McClurg discusses the potential bottoms for BTC and ETH, citing the impact of the Fed’s half-point interest rate hike. Plus, reactions to UST stablecoin briefly losing its peg to the U.S. dollar and Valkyrie’s Bitcoin Futures ETF securing SEC approval.
Bitcoin Tumbles to Lowest Price Since July 2021 as Market Panic Grows
Cryptos slumped across the board all weekend and added to declines Monday morning as global equity markets swooned.
Panama Passes Law to Exempt Digital Assets From Capital Gains Tax
Panama’s legislature passed a bill to exempt digital assets from capital gains taxes by a 40-0 vote, although it still needs to be signed by President Laurentino Cortizo to become law. “The Hash” group discusses Panama’s dependence on the U.S. Dollar, as other countries such as El Salvador and the Central African Republic utilize crypto to break away from these ties.
First Mover Americas: Bitcoin's Price Bounce Stalls; Options 'Max Pain' in Focus
The latest moves in crypto markets in context for April 26, 2022.
First Mover Americas: The Bitcoin Death Cross
The latest moves in crypto markets in context for April 25, 2022.
First Mover Americas: Bitcoin Holds $40K, Yuan Drop May Add to Risk Aversion
The latest moves in crypto markets in context for April 22, 2022.
First Mover Americas: Bitcoin Tops $42.5K, Commerzbank Revives Hopes of Mainstream Crypto Adoption
The latest moves in crypto markets in context for April 21, 2022.
