The International Monetary Fund has said that the crash in Bitcoin prices has not affected global financial stability. The financial institution released a report titled the “World Economic Outlook Update: Gloomy and More Uncertain,” acknowledging that the sell-off has not
The house of Daniel Shin was raided by the authorities to investigate the illegal activity behind Terra’s collapse. As reported in a Bloomberg article. Chai Corp, a payment app by Co-founder of Terraform Labs, has recently been raided by South
With each new record high in the stock market, investors’ confidence and dread rise. Are we near the end of this year’s high point? Is there a bubble around us? Whether the economy is on the verge of a recession
Since 2009, Bitcoin, often known as digital gold, has been declared dead at least 458 times. However, Bitcoin proved to be alive and well each time. The price of Bitcoin (BTC) reached $17,000 during the most recent drop, its lowest
Several cryptocurrency companies have claimed going belly up or facing financial distress in the past couple of months. While some of these have been due to the bearish sentiment and overall decreased crypto trading volume within various exchanges and ecosystems,
With the UK’s central bank comparing the crypto collision with the dot-com crisis, Deputy Governor of Bank of England Jon Cunliffe notices a possibility for crypto breakdown survivors to be in the same position as companies such as Amazon.com Inc
The current volatility in Bitcoin and the larger crypto industry has fueled public opposition to the main crypto, strengthening the idea that the El Salvador’s Bitcoin experiment has backfired. The collapse in the price of Bitcoin and other crypto-assets has
The ongoing crypto market turmoil is causing ripple effects across different industries. The sports sector benefited immensely from the bull market, seeing several crypto-related sponsorship deals. However, with the current crypto winter, these deals have become scarce. As the market
The impact of last week’s crash seems to be in the recovery mode. Bitcoin is once again above $20k levels, and the crypto news we have been reading since the start of the week isn’t as dreary as last week.
Autism Capital has stated that Terra’s sudden crash has caused Abracadabra to accrue $12 million in bad debt. However, Abracadabra’s founder, Daniele Sestagalli, has refuted such claims. Magic Internet Money (MIN) has also become one of the stablecoins that lost
