Cryptocurrencies at large are taking a beating. Bitcoin, which recently saw 40% of investors underwater, is down 55% from its all-time high of $69,044 in November 2021, according to CoinGecko....
Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin.You’re reading State of Crypto, a CoinDesk newsletter looking at the
With skyrocketing valuations, cryptocurrencies are becoming more popular. Find out which cryptocurrencies could be the next to explode in value in 2022.
The Terra money machine collapsed almost entirely today. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA, its sister token, has fallen almost 97% off its 2022 high. The near-complete failure of a darling of decentralized finance (DeF
Web 3 has stunned the world by forging a parallel system of finance of unprecedented flexibility and creativity in less than a decade. Cryptographic and economic primitives, or building blocks, such as public key cryptography, smart contracts, proof-of-work and proof-of-stake hav
A precipitous plunge in Coinbase Global (COIN, $72.99) stock is suddenly more than just a concern to current shareholders. That's because the cryptocurrency exchange operator just warned its users that, in the event of a bankruptcy, the company might just hold on to their digital
Bitcoin is no stranger to parabolic moves. Over a 10-week period starting November 2020 into January 2021, bitcoin advanced from 13,823 to a then-record high of 38,048. Despite advancing another 64% over the next ten months, January 2021 marked the peak in its weekly RSI.
The most important factors about the crypto ecosystem that investors should be paying attention to are decentralization, security, rapid technological development and the ability to completely control one’s assets. Here is a breakdown of each merit.
Stablecoin terraUSD (UST) crashed on May 10 and is down 54% at $0.44 on the morning of May 11, prompting regulators to renew calls for cryptocurrency legislation. See: 20 Genius Things Mark Cuban Says...
An increasing number of employees are interested in being paid in alternative assets, a new survey found. According to research conducted by SoFi, 36% of workers want the ability to receive part or...
Welcome to this week’s guest writer, CoinDesk reporter Eli Tan, who is filling in for Sam Kessler. Follow him @elitanjourno.As the Ethereum network inches toward “the Merge” and transitions from a proof-of-work (PoW) system to proof-of-stake (PoS), developers ar
Job opportunities in the metaverse continue to grow, according to a study from job search engine Adzuna as reported by GOBankingRates. The study showed job listings on the platform as being up 379%...
Bitcoin has been in a five-day rout that has brought its price, which is maybe what we care about most, to its lowest level since last July. Other coins are seeing similar gutting, amid a larger economic fallout.The Wall Street Journal reports:
Bitcoin continued its downward trend, decreasing in value 55% from its all-time high of $69,044, which was reached in November 2021. The crypto was hovering around $31,000 in the morning of May 10 and...
The company, which generates its revenue via transaction fees from customers buying and selling cryptocurrencies like Bitcoin, will report first quarter fiscal 2022 earnings results after the closing bell Tuesday.
Notably, as crypto donations flow into Ukraine, cryptocurrency has the potential to disrupt the world of philanthropy, profoundly changing how nonprofits generate donations.
Nouriel “Dr. Doom” Roubini looks to be embracing crypto, at least in a roundabout way, after years of building a reputation as one of the most critical, skeptical, weary-eyed observers of the industry.Bloomberg reported on Monday that the economist, who is known for h
