Month: May 2022

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Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse – Featured Bitcoin News

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The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse of terra (LUNA) after algorithmic stablecoin terrausd (UST) lost its peg to the U.S. dollar this week, rumors have been circulating that Blackrock, Citadel Securities, and Gemini had some part in the fall. The three…

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

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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

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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