What happened to the bitcoin reserve behind Terra's UST stablecoin?

What occurred to the bitcoin reserve behind Terra’s UST stablecoin?

Bitcoin fell under the $26,000 stage since December 2020. (Photograph credit score ought to learn CFOTO/Future Publishing through Getty Pictures) CFOTO | Future Publishing through Getty Pictures Buyers have been keen to search out out what occurred to the greater than $3 billion in bitcoin purchased up by crypto agency Terra to again its failed […]

Regulators anxious about stablecoins like tether after UST collapse

Regulators anxious about stablecoins like tether after UST collapse

Your complete stablecoin market is now price greater than $160 billion. Justin Tallis | AFP through Getty Pictures Regulators are getting more and more frightened about stablecoins after the collapse of controversial cryptocurrency enterprise Terra. TerraUSD, an “algorithmic” stablecoin that is meant to be pegged one-to-one with the U.S. greenback, has erased a lot of […]

Crypto investor Katie Haun raises $1.5 billion for Haun Ventures

Crypto investor Katie Haun raises $1.5 billion for Haun Ventures

Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered a number of data within the course of. Haun Ventures’ kickoff marks the biggest debut enterprise fund ever raised by a solo feminine founding companion, in keeping with Pitchbook. Former funding banker Mary Meeker held the prior […]

Gold has remained steady as stocks and bitcoin have plunged

Gold has remained regular as shares and bitcoin have plunged

A employee removes cooled 12 kilogram gold ingots from their molds within the foundry on the Prioksky non-ferrous metals plant in Kasimov, Russia, on Thursday, Dec. 9, 2021. Andrey Rudakov | Bloomberg | Getty Photographs Gold costs have remained resilient in latest weeks within the face of broad market volatility, decoupling considerably from its typical […]

Crypto start-ups raised huge venture funding rounds in January

Crypto start-ups raised big enterprise funding rounds in January

A bitcoin sculpture constructed from scrap steel is put in exterior the BitCluster cryptocurrency mining farm in Norilsk, Russia, on Sunday, Dec. 20, 2020. Andrey Rudakov | Bloomberg | Getty Pictures Cryptocurrency start-ups are having a stable begin to the 12 months, bagging a whole lot of hundreds of thousands of {dollars} in recent money […]

Here’s what some of the the biggest crypto CEOs and expect in 2022

Crypto alternate FTX valued at $32 billion amid bitcoin worth plunge

Cryptocurrency alternate FTX noticed its valuation swell to $32 billion in a brand new funding spherical introduced Monday, highlighting continued urge for food for the sector at the same time as traders develop cautious a few sharp pullback in crypto costs. The Bahamas-based firm stated Monday that it raised $400 million in a Collection C […]