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Articles for Ust, search results for cryptocurrencies

Why cryptocurrencies crashed – and what happens next
2 years, 7 months ago

Why cryptocurrencies crashed – and what happens next

The Telegraph  

More than $300bn has been wiped off the total value of all cryptocurrencies in circulation as investors panic over the collapse of two of the biggest crypto tokens, while regulators are increasingly monitoring the market, which was worth almost $3 trillion at its peak. The cryptocurrency market meltdown primarily concerns two interlinked cryptocurrencies: Terra, or UST, and Luna. However, on …

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Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies
2 years, 7 months ago

Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies

LA Times  

The cryptocurrency market is seeing one of its worst selloffs since a market rally in 2020, sparking panic among investors and raising questions about why crypto prices have been increasingly sensitive to gyrations in the stock market. Market experts say two main factors are driving the recent slump in the cryptocurrency market: moves by the U.S. Federal Reserve to combat …

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'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'
2 years, 7 months ago

'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'

ABC  

It's been a stressful week for those who own bitcoin and other cryptocurrencies, as they watched billions of dollars get wiped off the value of their assets. Key points: Terra is a stablecoin, which is meant to be worth $US1 Its value is backed by a "sister" token called Luna Luna's value plunged 99pc, causing some investors to lose their …

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Cryptocurrencies collapse after 'Black Wednesday' for blockchain
2 years, 7 months ago

Cryptocurrencies collapse after 'Black Wednesday' for blockchain

The Telegraph  

On Wednesday, the Financial Conduct Authority warned that cryptocurrency owners enjoy no legal protections. “That simply illustrates that this is a rapidly growing product and that there are risks to financial stability and we need a framework that’s appropriate,” she said. Terra, also known as UST, is designed to be “pegged” to the dollar using software programming that allows owners …

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