Crypto news

Allaire's company, Circle, and Coinbase founded the USD Coin (USDC) stablecoin in September 2018. It is pegged to the U.S. dollar on a 1:1 basis with reserves ...

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UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.

The government is looking for tech-savvy detectives who can crack down on crypto.

Of course, the people who best know their way around the blockchain may be more interested in profiting from crypto than regulating it. Last month, for instance, Anchorage Digital — the bitcoin bank the US Marshals Service hired to store the crypto the government seizes after criminal investigations — was flagged by the Office of the Comptroller of the Currency for violating money-laundering rules. “In traditional investigations, we know who committed the crimes and follow the money to prove it,” explains Dana Windsor, a spokesperson for the IRS’s criminal investigations unit, which had 80 crypto-related cases on its docket at the end of last year. But because these transactions are also anonymous, crypto investigators have to look for leads that can connect a particular crypto transaction to other activity on the web. The Securities and Exchange Commission last week said it would double the size of its cyber unit and expand its focus on the crypto industry, including NFTs and crypto asset exchanges. As a result, there’s growing interest in investigators like Janczewski, who know how to scour the blockchain — the massive public ledger that records cryptocurrency transactions — for clues that link anonymous exchanges of crypto to real people who can be sued or charged with a crime.

It's been a long few weeks since the crypto crowd was partying in Miami. Coinbase Global Inc. founder Brian Armstrong had a personal fortune of $13.7 ...

It’s been a long few weeks since the crypto crowd was partying in Miami.

Billionaire crypto fortunes that swelled over the last two years are disappearing quickly as prices continue to plummet.

Trading volumes at Coinbase have steadily fallen since the beginning of the year, while more internationally focused Binance saw an uptick in volume last month. Tyler and Cameron Winklevoss, co-founders of rival crypto exchange Gemini, have each lost about $US2.2 billion -- or roughly 40 per cent -- of their wealth this year. By Wednesday that had shrunk to $US11.6 billion, using the average enterprise value to sales multiples of Coinbase and Canadian crypto firm Voyager Digital as a basis for the calculations. Bitcoin, the most popular cryptocurrency, and Ether have both fallen more than 50 per cent since their record highs late last year. There is “no risk of bankruptcy” even amid a “black swan” event and users’ funds are safe, said Armstrong, the firm’s chief executive officer. Crypto exchanges in the US appear to be suffering more of a downturn than their global competitors.

Every morning seems to bring new pain for crypto owners as they wake to open Binance, Coinbase and other trading apps only to be greeted by a sea of red.

Stay up to date with the latest in crypto currency on Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. “Many thought that Bitcoin and other cryptocurrencies could turn out to be a hedge against inflation. “Bear markets are typically a great time to accumulate the coins you have long-term conviction in,” Gritt Trakulhoon, lead crypto analyst at investing app Titan, told Bloomberg. “It’s a tough market for sure, but it’s a good time to strategise.” Those hopes have been dashed. “The warning sign for cryptocurrencies is not so much that they have crashed ... but that they have become boring,” Clark wrote.

The widespread acceptance of crypto can only be achieved when governments do not focus on the banes but US and UK seemt to only...

Working as a journalist and editor in the crypto industry for over a year now has made me better understand the responsibilities that entail this profession. Yesterday’s attempts at recovery failed to do much since the broader market was in absolute fear. The acceptance of cryptocurrencies came much easier and quicker than expected in many countries, while some others continue aiming at crypto. As reported by CoinCentral, Terra’s stablecoin TerraUSD (UST) depegging has been a concerning moment for investors and regulators alike. When push comes to shove, can the domain be censored? When it comes down to brass tacks, who actually owns a cryptocurrency domain?

With Bitcoin and other leading crypto currencies suffering dramatic falls recently, is this the right time to enter the market in hopes of an upturn?

Pavel Matveev of digital exchange Wirex advises buyers to hedge their bets. However, as with every kind of investment, let alone the unpredictable world of cryptocurrencies, past performance is no guarantee of future results. Dip buyers hope to exploit dips by buying at a relative discount and reaping the rewards when prices rise again. If Bitcoin falls below this support level, it could even drop further to $25,000 before any significant move back up. Central Banks are between a rock and a hard place with regard to slow economic growth and high inflation. It says there are no guarantees of returns and that people should be prepared to lose everything they invest.

Solana prices have plunged lately, causing the digital currency to trade down more than 80% from its all-time high. What caused the latest declines?

“The Luna collapse fuelled already negative sentiment that was present in these tokens. “Our expectation is that when the recovery comes, that market will consolidate around 1 or 2 of these challenger chains, whether Solana will be in that mix is difficult to say,” Smith added. “The LFG sell off added additional selling pressure and contributed to additional fear on investors.” An “increase in treasury rates, macroeconomic forces and a strengthening U.S. dollar contributed in part to the decline in the overall crypto market,” he noted. Scott Melker, a crypto investor and analyst who is the host of The Wolf Of All Streets Podcast, spoke to the significant impact of this, stating that “the entire market is reeling.” “The Fed and inflation has caused market participants to worry and liquidity has fallen drastically,” he noted, speaking to the significant increases in consumer prices and the uncertainty around how aggressively Federal Reserve policymakers will tighten monetary policy.

Bitcoin and Ethereum cryptocurrency ETFs are set to hit the Australian market today. With the markets as volatile as they are, and with more choice soon ...

While it is impossible to predict the outcomes of government regulation, or market returns over the short or long term, crypto and blockchain technology are here to stay. BetaShares offers the broadest range of technology-focused ETFs in Australia providing access to global tech giants, cybersecurity, Australian technology and more. He also contributes to the formation of digital asset strategy... If the entire sector grows and adoption continues, whether through more cryptocurrencies being created, more investors entering the market, or more hash power joining the Bitcoin network, then crypto equities could stand to benefit even more than individual cryptocurrencies themselves. Regions around the world are deciding how to deal with crypto and trying to get their regulatory settings right. For example, the index looks attractive compared to a number of benchmarks on median revenue growth estimate, profit margin estimate and P/E estimate. One of the major issues with cryptocurrency exposure is the difficulty in placing a value on the cryptocurrency itself. Crypto equities have historically been correlated to Bitcoin’s (BTC) spot price to varying degrees, and a weak BTC should lead to weakness in crypto-focused stocks. Bitcoin and Ethereum cryptocurrency ETFs are set to hit the Australian market today. In this article, we revisit the case for crypto equities alongside cryptocurrency exposure. It's free to become a member, so... It's free to become a member, so...

As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven't abated just yet.

Some of its remaining users don’t even use it for Bitcoin trading and merely use the virtual wallet to store dollars, while other Bitcoin traders are switching their holdings to private wallets. On Tuesday, he revealed plans for “Bitcoin City,” a so-called smart city to be powered by the currency, and as the Bitcoin crash continued, his government made its biggest Bitcoin purchase yet, “buying the dip” to scoop up 500 coins at an average cost of $30,744. Many of them downloaded the wallet during its rollout last September only to ditch it after receiving a small sign-up cash bonus, and new downloads of the wallet have slowed down. The International Monetary Fund is pegging offers of a loan to demands for the country to stop using Bitcoin as legal tender. It’s too soon to predict whether this bodes apocalyptic—after all, hundreds of reports of crypto’s death over the years were greatly exaggerated. Well, as is true with stock markets, there appear to be a lot of Bitcoiners selling off their holdings in the wake of financial and economic insecurity. This led to further loss of confidence in the overall Terra platform; as Luna went down, so did TerraUSD. The CEO of Terra’s parent company utilized emergency reserves of Bitcoin— which the project buys to back TerraUSD in part—to try to prop the stablecoins’ value back up, to little avail. When the Fed announced its interest-rate hike and traders withdrew their currencies en masse, billions of dollars of value fled Anchor at once. The crypto project Terra produces the two coins: the TerraUSD coin, a stablecoin, and its sister token, Luna, whose price moves with demand. Nearly 40 percent of Bitcoin holders have lost all the money they’d invested in the currency, as the value of a single coin has dropped below even last year’s post-crash July low. Bitcoin gains its value from the limited amount of coins available in its network, the number of holders, and investor confidence. Within the world of crypto, there are different types of value systems.

Top stablecoin and its backing crypto crash as confidence and liquidity evaporate. Here's how this token lost 97% in a matter of hours...

At the time of writing, LUNA has edged higher to US$1.05, down 94% from this time yesterday. Way too much UST is looking to exit, and the death spiral is very reflexive at these levels. Once confidence is lost, it’s game over.” Some stablecoins are backed by the asset they’re pegged to, like US dollars. It is full capitulation … It will get worse before it will get better. Still others, like Terra’s UST, use algorithms to maintain their pegs.

It's been a long few weeks since the crypto crowd was partying in Miami. Coinbase Global founder Brian Armstrong had a personal fortune of $US13.7 billion ...

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Billionaire crypto fortunes that swelled over the last two years are disappearing after a sell-off that began with tech stocks spilled over into digital ...

Trading volumes at Coinbase have steadily fallen since the beginning of the year, while more internationally focused Binance saw an uptick in volume last month. Tyler and Cameron Winklevoss, co-founders of rival crypto exchange Gemini, have each lost about $2.2 billion – or roughly 40 per cent – of their wealth this year. By Wednesday, that fell to $US11.6 billion, using the average enterprise value to sales multiples of Coinbase and Canadian crypto firm Voyager Digital as a basis for the calculations. Bitcoin, the most popular cryptocurrency, and ether have both fallen more than 50 per cent since their record highs late last year. There is “no risk of bankruptcy” even amid a “black swan” event and users’ funds are safe, said Mr Armstrong, the firm’s chief executive officer. Crypto exchanges in the US appear to be suffering more of a downturn than their global competitors.

The near total collapse of a $26 billion stablecoin shows history is repeating itself on an accelerating cycle.

When a holder buys a Tether token the proceeds are then held by the issuer, who will cash that investor out when the token is sold. An algorithmic stablecoin sounds like a recipe for disaster, and it has turned out to be just that. He is based in Sydney. Connect with Jonathan on Terra is a little different, though. Rather, its stable value is maintained through programmatic transactions in which USTs (the Terra stable coin) are sold when their value is above $US1 and bought when it’s trading below, using another coin called Luna. When it didn’t, in 2015, many lost everything and their brokers folded.