Here’s everything you need to know about TerraUSD, Tether and other stablecoins

The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar. The algorithmic stablecoin UST, as the name implies, is algorithmically backed. Terra (LUNA), the ecosystem’s corresponding token, sank over 95% since May 10, while UST continues to languish around the $0.50 mark. Cointelegraph’s resident experts shared their explanations for why UST crashed in a Market Report video yesterday. The plan for…

BTC Slips to Its Lowest Point Since December 2020 – Market Updates Bitcoin News

Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as crypto bears continued to run rampant on markets. BTC/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30. Today’s…

Why One Advisor Is Pumping the Brakes on Crypto

To live up to the standards they’re governed by, fiduciary advisors have to straddle the line between enthusiasts and critics, but that doesn’t mean they have to embrace digital assets, said Scott Eichler, founder of Standing Oak Financial, a Newport Beach, California-based registered investment advisor (RIA). Source

Madonna’s nude NFT launch triggers a mix of emotions from the community

The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees.  As the markets went crazy over stablecoins showing instability, Madonna and Beeple decided that it was the right time to show the community something even crazier — NFTs showing a 3D model of the 63-year-old singer-songwriter’s vagina.  Following the…

Take Your Seat At The NFT Moon Metaverse Table On May 15

At the beginning of the year, few were not impressed by the phenomenal growth of Play2Earn model games like Axie Infinity. Decentralised finance sided with the gaming industry and formed a long-awaited GameFi sector. What came to replace the Play2Earn model and why? Why is the gaming industry shifting towards creating metaverses and at what table retail investors can get a seat? Why is Create2Earn more sustainable than Play2Earn long-term? Let’s dive deeper into the main question: how to get a piece of the phenomenal $218.7 billion pie that is…

Bitcoin se quedó sin fuerza🆘 Fin de semana de mucho cuidado y el 4 de mayo la FED….

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