Litecoin's creator wants to buy porn with his own cryptocurrency
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TerraUSD, a so-called algorithmic stablecoin that is currently the fourth-largest by market capitalisation, on Tuesday broke its 1:1 peg to the dollar and fell as low as $0.67, according to price site Coingecko. NEW YORK, May 16 (Reuters) - American and European equity markets wobbled and U.S. Treasury yields fell on Monday after unexpectedly weak economic data from China and BetOnline akceptuje teraz Bitcoiny! a big slide in New York state's factory activity painted a bleak picture for economic growth across the world. May 12 (Reuters) - A meltdown in one of the world's largest stablecoins, TerraUSD, sent shockwaves through cryptocurrency markets on Thursday, wiping out bitcoin's 2021 gains and sending it to a 16-month low.
The meltdown has taken the combined market value of all cryptocurrencies to $1.12 trillion, around a third of where it was last November. May 12 (Reuters) - A meltdown in one of the world's largest stablecoins, TerraUSD, sent shockwaves through cryptocurrency markets on Thursday, wiping out bitcoin's 2021 gains and sending it to a 16-month low. The meltdown has taken the combined market value of all cryptocurrencies to $1.12 trillion, around a third of where it was last November.
In a tweet early Friday, the Tesla billionaire said he´s skeptical that the number of inauthentic accounts presented by Twitter is as low as the company suggests. In its quarterly filing with the SEC, even Twitter expressed doubts that its count of bot accounts was correct, conceding that the estimate may be low. DETROIT (AP) - Elon Musk has put his plan to buy Twitter on temporary hold, raising fresh doubts about whether he´ll proceed with the $44 billion acquisition.
Headline inflation in the euro zone will fall in the second half of the year but so-called core prices, which strip out food and energy, will keep rising, the European Central Bank's vice-president Luis de Guindos said on Friday. "They're growing very rapidly," Yellen said about stablecoins. The collapse of terraUSD came up when Treasury Secretary Janet Yellen appeared before lawmakers on Thursday to speak on cryptocurrency risks. "They present the same kind of risks that we have known for centuries in connection with bank runs." An explosion jolted Alex Bornyakov from his sleep at 6 a.m.
one morning in late February as Russia invaded Ukraine. Over the next two days, Ukraine's deputy minister of digital transformation endured a marathon of sirens, shellings and stretches in bomb shelters in Kyiv, the capital. Official digital currencies, unlike cryptocurrencies such as bitcoin, are backed and controlled by the central bank. (Reporting by MacDonald Dzirutwe in Lagos and Camillus Eboh in Abuja Editing by Mark Potter) Broader financial markets have so far seen little knock-on effect from the cryptocurrency crash.
Ratings agency Fitch said in a note on Thursday that weak links to regulated financial markets will limit the potential of crypto market volatility to cause wider financial instability. The token shot to prominence earlier this year when non-profit Luna Foundation Guard, an affiliate of Terraform Labs, the company behind TerraUSD, pledged to amass $10 billion worth of bitcoin to support its dollar peg. European stock markets rebounded Tuesday, Asian equities mostly sank and oil prices tumbled as traders reacted to fears over rising US interest rates fuelled by surging inflation and assessed the impact of China's prolonged Covid lockdowns.
The meltdown has taken the combined market value of all cryptocurrencies to $1.12 trillion, around a third of where it was last November. May 12 (Reuters) - A meltdown in one of the world's largest stablecoins, TerraUSD, sent shockwaves through cryptocurrency markets on Thursday, wiping out bitcoin's 2021 gains and sending it to a 16-month low. The meltdown has taken the combined market value of all cryptocurrencies to $1.12 trillion, around a third of where it was last November.
In a tweet early Friday, the Tesla billionaire said he´s skeptical that the number of inauthentic accounts presented by Twitter is as low as the company suggests. In its quarterly filing with the SEC, even Twitter expressed doubts that its count of bot accounts was correct, conceding that the estimate may be low. DETROIT (AP) - Elon Musk has put his plan to buy Twitter on temporary hold, raising fresh doubts about whether he´ll proceed with the $44 billion acquisition.
Headline inflation in the euro zone will fall in the second half of the year but so-called core prices, which strip out food and energy, will keep rising, the European Central Bank's vice-president Luis de Guindos said on Friday. "They're growing very rapidly," Yellen said about stablecoins. The collapse of terraUSD came up when Treasury Secretary Janet Yellen appeared before lawmakers on Thursday to speak on cryptocurrency risks. "They present the same kind of risks that we have known for centuries in connection with bank runs." An explosion jolted Alex Bornyakov from his sleep at 6 a.m.
one morning in late February as Russia invaded Ukraine. Over the next two days, Ukraine's deputy minister of digital transformation endured a marathon of sirens, shellings and stretches in bomb shelters in Kyiv, the capital. Official digital currencies, unlike cryptocurrencies such as bitcoin, are backed and controlled by the central bank. (Reporting by MacDonald Dzirutwe in Lagos and Camillus Eboh in Abuja Editing by Mark Potter) Broader financial markets have so far seen little knock-on effect from the cryptocurrency crash.
Ratings agency Fitch said in a note on Thursday that weak links to regulated financial markets will limit the potential of crypto market volatility to cause wider financial instability. The token shot to prominence earlier this year when non-profit Luna Foundation Guard, an affiliate of Terraform Labs, the company behind TerraUSD, pledged to amass $10 billion worth of bitcoin to support its dollar peg. European stock markets rebounded Tuesday, Asian equities mostly sank and oil prices tumbled as traders reacted to fears over rising US interest rates fuelled by surging inflation and assessed the impact of China's prolonged Covid lockdowns.