Sunday, May 22, 2022

Cryptocurrency

SEC to Bring Crypto into Regulatory Framework

The U.S. administration's (SEC)) move to bring crypto into the regulatory framework has gained momentum since the collapse of Luna and Terra USD (UST). According to the Wall Street Journal (WSJ) on the 18th, U.S. Securities and Exchange Commission (SEC)...

Bitcoin improvement

Bitcoin Gains $300m as Terra Mishaps

Institutional investors overpoured Bitcoin funds as much as $300m as Terra mishaps. Based on a new CoinShares, the volatility in Bitcoin price is a new opportunity for institutional investors. They poured the funds into exchange-traded Bitcoin funds. CoinShares’ head of...

The future of Bitcoin

Payment Network; Bitcoin Has No Future

FTX founder delivered shocking criticism towards the world's biggest digital currency. The billionaire chief said that Bitcoin has issues on inefficiency and environmental costs. Financial Times reported on Monday, noting that the FTX’s founder, cryptocurrency exchange argued that Bitcoin has...

Tether Investors Withdrew More Than $7 billion

CNBC reported on the 17th (local time) that cryptocurrency investors withdrew more than $7 billion from "Tether," the No. 1 market capitalization of stable coins. According to Coingeco, a cryptocurrency company, investors surprised by the Terra incident last week withdrew...

Bitcoin on Rise as People Flocks to Buy It

Bitcoin has been on the rise since the recent plunge. It is analyzed that this is due to the continuous buy of cryptocurrencies such as Bitcoin, which has fallen to low prices. According to Coinmarketcap, Bitcoin is trading at $34,439.71...

Stable Coin Plunged as Dollar Pegging Cut Off

While the plunge of TerraUSD (UST) and Luna shook the global cryptocurrency market, another stable coin plunged as the dollar value and pegging were cut off. According to CoinMarketCap, a cryptocurrency information site, the stable coin "DEI," designed to link...

How Luna and Terra Gained Popularity

Analysts say that the secret to the "20% annual return" that has driven the global craze of cryptocurrency Luna and Terra UST was a "phone fraud" that guarantees profits to existing investors with funds from new investors. Bloomberg reported on...

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