Friday, May 17, 2024
Institutional investors find incentives not to borrow. This situation affects the earning potential of retail users. Currently, lending bitcoins and other digital assets to some platforms to create interest with them is not...
El Salvador became the nation with the third-lowest inflation in the region in April. Meanwhile, bitcoin is still far from El Salvador's purchase price. While inflation is expanding its tentacles worldwide, El Salvador...
Saylor is one of the most optimistic about the future of Bitcoin, which he has repeatedly referred to as the future of money. The executive commented that the cryptocurrency is a monopoly in monetary networks that...
The wealthy and renowned chairman highlighted that he does not have digital assets in his portfolio because they do not have what it takes to meet his investment requirement. Billionaire and Microsoft co-founder...
Funds held in DeFi apps on the Terra network have fallen by USD 140 million in value locked. Do Kwon, the co-founder of Terraform Labs, announced that he would seek additional external funding to make TerraUSD...
The Korean Supreme Court Record Office stated that Kwon triggered the liquidation of two subsidiaries before the collapse. Those decisions have raised suspicions due to their potential correlation with the financial destruction of LUNA and the...
Market instability in stable coins will require consideration, said the executive director of markets at the Financial Conduct Authority, alluding to the crash of Terra's UST. The Financial Conduct Authority, a UK regulator,...
The fall of Terra is not the only factor that could be generating volatility in the Bitcoin market space, as there are other causes to consider. Goldman and BoFA brought a detailed analysis on the subject.
Billionaire crypto exchange Binance creator Changpeng Zhao highlighted that he is "poor again" after his holdings in Luna crashed down and are now worth just $2,200. Changpeng Zhao, the leader of the Binance...
Delphi Ventures lost at least $10 million on LUNA, while Terraform Lab's backer Pantera opened up about selling 80% of its investment before the crash. Two famous entities within the crypto space that...